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Occupational Employment Statistics


DETAILED OCCUPATION DATA

13-2053 Insurance Underwriters



Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

Geography Click link for Career Profile EmploymentEmp SE*Percentiles
Mean10th25thMedian75th90th
Minnesota 2,550194$46.80/hr$29.50/hr$35.85/hr$39.45/hr$61.10/hr$67.81/hr


IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Trade, Transportation and UtilitiesN/AN/A
Financial Activities2,320$39.29/hr
Professional and Business Services220$52.06/hr
 
Geography Click link for details EmploymentMedian WageProjections
% Change 2022-2032
Southeast Minnesota N/AN/A-2.8%
Duluth MN-WI MSA N/AN/AN/A
Northeast Balance of State N/AN/AN/A
Grand Forks ND-MN MSA N/AN/AN/A
La Crosse WI-MN MSA N/AN/AN/A
Southeast Balance of State N/AN/AN/A
Mankato-North Mankato MN MSA N/AN/AN/A
Rochester MN MSA N/AN/AN/A
Northeast Minnesota N/AN/AN/A
Northwest Minnesota 20$32.71/hr-7.4%
St Cloud MN MSA 20$50.40/hrN/A
Northwest Balance of State 20$32.71/hrN/A
Central Minnesota 40$37.53/hr-2.6%
Southwest Balance of State 70$30.12/hrN/A
Southwest Minnesota 110$31.20/hr0.0%
Fargo ND-MN MSA 130$36.24/hrN/A
Seven County Mpls-St Paul, MN 1,860$40.56/hr-3.2%
Minneapolis-St Paul-Bloomington MN-WI MSA 1,880$40.57/hrN/A
Minnesota 2,550$39.45/hr-3.0%


Occupations Click link for details EmploymentMedian WageProjections
% Change 2022-2032
Securities, Commodities, and Financial Services Sales Agents 8,820$40.44/hr6.2%
Insurance Sales Agents 10,010$38.15/hr7.4%
Loan Officers 6,430$46.53/hr0.7%
Loan Interviewers and Clerks 2,850$25.47/hr-3.2%
Tax Preparers 1,040$28.94/hr1.7%
Credit Authorizers, Checkers, and Clerks 70$30.02/hrN/A
Managers, All Other 4,160$74.60/hr3.1%
Brokerage Clerks 960$30.57/hr-9.2%
Financial Specialists, All Other 820$40.71/hr6.3%
Tax Examiners and Collectors, and Revenue Agents 1,150$38.62/hr3.4%


  • Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
  • Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
  • Decline excessive risks.
  • Review company records to determine amount of insurance in force on single risk or group of closely related risks.
  • Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe, profitable distribution of risks, using reference materials.
  • Evaluate possibility of losses due to catastrophe or excessive insurance.
  • Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
  • Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
  • Decline excessive risks.
  • Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe, profitable distribution of risks, using reference materials.