Insurance Underwriter

Decides whether an insurance company should cover a person or business, and at what price.

A day in the life

You review applications for business insurance: a bakery, a roofer, a daycare. You check their history, decide which ones to cover and set prices.

Pay over a career

Starting
$51k
Typical
$80k
High
$140k

Training

Bachelor's degree (4-year), about 4 years after high school. Bachelor's degree; CPCU designation helps.

Ways in: 4-year college, Certification. Training cost: $15k – $60k.

Majors to look at: Risk Management & Insurance, Finance, Business Administration.

Outlook

Shrinking (about -3% over 10 years). Declining as automated underwriting software spreads.

Will it last? Our AI estimate

High risk for 10 years. Software already underwrites most personal and small business policies; fewer underwriters, mostly for complex cases.

Start now, in high school

Classes: AP Statistics, Business class, Accounting class.

Official data: O*NET occupation 13-2053.

More Insurance careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.