Expand mobile version menu

Insurance Underwriter

salary graphic

AVG. SALARY

$73,510

education graphic

EDUCATION

Bachelor's degree

job outlook graphic

JOB OUTLOOK

Decreasing

What To Learn

High School

What high school courses should you take if you're interested in this career? Get your answers from the Finance cluster Insurance pathway.

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:

Contact

  • Email Support
  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900
  • North Dakota Career Resource Network
    ndcrn@nd.gov | (701) 328-9733

Support