What is an Insurance Underwriter?
Insurance Underwriters are in charge of approving or denying applicants that have submitted insurance proposals.
Where does an Insurance Underwriter work?
- Direct insurance carriers
- Insurance agencies
How much does an Insurance Underwriter make?
Based on real new grad salaries reported through Handshake, the median annual salary for an Insurance Underwriter is $63,000.
What majors are typically interested in becoming Insurance Underwriters?
One’s major doesn’t necessarily determine their career, but these are some common majors of those who end up pursuing this career path.
- Business majors
- Finance majors
- Economics majors
- Math majors
Insurance Underwriter skills and competencies:
On top of a relevant degree and formal training, here are some professional skills that can help aspiring Insurance Underwriters succeed in their work:
- Great analytical skills
- Great customer service
- Background in mathematics to calculate risk and other factors
What are some common questions about Insurance Underwriters?
Q: What is the role of an underwriter?
A: Insurance Underwriters examine the risk that a possible proposal might have and approve or deny depending on their calculated result.