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 EmploymentEmp SE*Percentiles
Mean10th25thMedian75th90th
Northwest Minnesota  11$18.34/hr$10.61/hr$11.50/hr$20.72/hr$23.13/hr$24.56/hr


IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Financial Activities1,360$34.65/hr
Professional and Business Services390$36.06/hr
 
Geography EmploymentMedian WageProjections
% Change 2016-2026
Rochester MN MSA N/AN/AN/A
Southeast Balance of State N/A$24.28/hrN/A
Northwest Minnesota N/A$20.72/hr-31.8%
Southeast Minnesota N/AN/A-17.5%
Fargo ND-MN MSA N/A$37.61/hrN/A
Grand Forks ND-MN MSA N/AN/AN/A
Mankato-North Mankato MN MSA N/AN/AN/A
St Cloud MN MSA N/AN/AN/A
Northwest Balance of State N/AN/AN/A
La Crosse WI-MN MSA 10$34.81/hrN/A
Central Minnesota 20$30.64/hr-39.3%
Northeast Minnesota 30$25.39/hrN/A
Duluth MN-WI MSA 30$25.40/hrN/A
Southwest Minnesota 40$25.22/hr-1.7%
Southwest Balance of State 50$30.79/hrN/A
Seven County Mpls-St Paul, MN 1,600$36.10/hr-8.4%
Minneapolis-St Paul-Bloomington MN-WI MSA 1,610$36.05/hrN/A
Minnesota 1,750$35.09/hr-8.4%


Occupations EmploymentMedian WageProjections
% Change 2016-2026
Securities, Commodities, and Financial Services Sales Agents 9,240$41.58/hr4.0%
Insurance Sales Agents 8,090$29.13/hr9.0%
Tax Preparers 1,350$26.02/hr10.7%
Loan Officers 8,550$35.96/hr8.1%
Loan Interviewers and Clerks 5,760$20.35/hr6.3%
Credit Authorizers, Checkers, and Clerks 570$23.91/hr-0.5%
Brokerage Clerks 2,050$24.24/hr1.6%
Credit Analysts 2,080$36.21/hr6.5%
Tax Examiners and Collectors, and Revenue Agents 1,170$28.87/hr2.6%
Claims Adjusters, Examiners, and Investigators 5,930$31.46/hr-4.2%


  • 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.
  • 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.
  • Review company records to determine amount of insurance in force on single risk or group of closely related risks.
  • Decline excessive risks.
  • 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.
  • 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.