Insurance Underwriter

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AVG. SALARY

$72,610

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Decreasing

What To Learn

High School

Suggested Steps to Prepare for a Insurance Underwriter Career (Grades 6-12)

Check out the recommended classes, activities and skills below for each grade level. These recommendations are very general -- discuss your specific course plan with your school counselors and teachers.

AI-assisted and curriculum-reviewed guidance. Talk with your counselor or teacher about your specific plan.
Grades 6-8

Helpful Classes

  • Math
  • Communication
  • Technology
  • Social Studies

Things to Try

  • Track income and expenses for a class activity using a simple budget sheet, Compare prices, taxes, discounts, or savings options and explain the math, Organize sample receipts, invoices, or records and check them for errors, Interview an insurance underwriter or finance worker about accuracy, records, and decisions

Focus Skills

  • Numerical reasoning
  • Accuracy
  • Recordkeeping
  • Data analysis
  • Communication

Helpful Classes

  • Algebra I
  • Business
  • English
  • Computer Applications
  • Personal Finance

Recommended Learning Areas

  • story structure
  • editing
  • research
  • audience awareness
  • production workflow

Things to Try

  • Build a personal or club budget in a spreadsheet and update it each week, Practice checking totals, percentages, and trends using sample sales or expense data, Sort sample invoices, payments, or account records and note missing information, Shadow an insurance underwriter or office finance worker to see how records are reviewed

Focus Skills

  • Numerical reasoning
  • Accuracy
  • Recordkeeping
  • Data analysis
  • Communication

Helpful Classes

  • Geometry
  • Accounting
  • Economics
  • Business Communication
  • Spreadsheet Applications

Recommended Learning Areas

  • story structure
  • editing
  • research
  • audience awareness
  • production workflow

Things to Try

  • Use spreadsheets to compare spending patterns, balances, or profit and loss examples, Create a mock payroll, billing, or bookkeeping worksheet and check for errors, Analyze a company or nonprofit budget summary and explain what the numbers suggest, Practice writing short notes that explain financial results in plain language

Focus Skills

  • Numerical reasoning
  • Accuracy
  • Recordkeeping
  • Data analysis
  • Communication

Helpful Classes

  • Statistics
  • Accounting
  • Economics
  • Business Law
  • Data Analysis

Recommended Learning Areas

  • story structure
  • editing
  • research
  • audience awareness
  • production workflow

Things to Try

  • Complete a finance or accounting project using formulas, charts, and supporting records, Review sample tax, payroll, loan, or audit documents and identify key details, Compare financial trends across months or departments and summarize the findings, Interview a finance professional about reporting, controls, and compliance

Focus Skills

  • Numerical reasoning
  • Accuracy
  • Recordkeeping
  • Data analysis
  • Communication

Helpful Classes

  • Calculus or Statistics
  • Finance
  • Economics
  • Accounting
  • Business Writing

Recommended Learning Areas

  • story structure
  • editing
  • research
  • audience awareness
  • production workflow

Things to Try

  • Build a portfolio with budgeting, forecasting, audit, or financial analysis samples, Compare pathways in accounting, banking, insurance, economics, or financial planning, Use real public financial reports to explain trends, risks, and performance, Create a capstone that turns raw numbers into clear business recommendations

Focus Skills

  • Numerical reasoning
  • Accuracy
  • Recordkeeping
  • Data analysis
  • Communication

Beyond High School

Here's a list of programs that you should consider if you're interested in this career:

Education Level

Education training and experience are required at different levels for success in different occupations.

Bachelor's degree

Insurance underwriters typically need a bachelor’s degree to enter the occupation. However, candidates who have an associate's degree or a high school diploma and insurance-related work experience sometimes qualify for positions.

Insider Info

Additional Information

Experts recommend strongly that you get a university degree. Most companies aren't looking for a particular degree, just some educational experience.

"You didn't used to need a degree, but it seems now that companies want more education," says underwriter Rita Coward. "I think mine is the first generation that's needed a degree."

According to Coward, about 15 underwriters' exams are offered. Technically, you don't need to take these exams to get started -- and some companies don't require them at all.

But in order to work your way up in the field, most companies will encourage you to take some of these exams. As you write more of the exams, you will be able to handle more complex cases.

Many insurance companies offer internships to students. Write or call an insurance company to let them know you're interested. Many students who are hired by insurance companies upon graduation got their start by working as summer employees.

There are ways to get started in underwriting without going to university, although this approach is more difficult.

"Try becoming an agent first -- get a perspective from that side and make a name for yourself in the company -- then approach them about other options," says Coward.

Extra Requirements

Many options are available for certification or insurance specialty designations. Examples include the Life Underwriter Training Council Fellow (LUTCF) designation, the Chartered Property and Casualty Underwriter (CPCU) designation, and the Chartered Life Underwriter (CLU) certification.

For additional information, visit these websites: