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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
Southwest Minnesota 10020$31.63/hr$23.01/hr$23.12/hr$29.43/hr$36.13/hr$46.52/hr


IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Financial Activities1,790$38.77/hr
Professional and Business Services180$48.41/hr
 
Geography Click link for details EmploymentMedian WageProjections
% Change 2022-2032
Grand Forks ND-MN MSA N/AN/AN/A
La Crosse WI-MN MSA N/AN/AN/A
Mankato-North Mankato MN MSA N/A$32.73/hrN/A
Rochester MN MSA N/AN/AN/A
St Cloud MN MSA N/AN/AN/A
Northwest Balance of State N/AN/AN/A
Northeast Balance of State N/AN/AN/A
Northeast Minnesota 20$36.20/hr-2.9%
Northwest Minnesota 20$28.94/hrN/A
Duluth MN-WI MSA 20$36.42/hrN/A
Central Minnesota 30$37.64/hr0.0%
Southwest Balance of State 70$29.43/hrN/A
Southwest Minnesota 100$29.43/hr-3.7%
Fargo ND-MN MSA 100$37.03/hrN/A
Southeast Minnesota 130$50.07/hrN/A
Southeast Balance of State 130$39.66/hrN/A
Seven County Mpls-St Paul, MN 1,510$39.99/hr-5.6%
Minneapolis-St Paul-Bloomington MN-WI MSA 1,530$39.99/hrN/A
Minnesota 1,970$38.92/hr-3.0%


Occupations Click link for details EmploymentMedian WageProjections
% Change 2022-2032
Securities, Commodities, and Financial Services Sales Agents 7,830$36.43/hr6.2%
Insurance Sales Agents 8,840$38.23/hr7.4%
Loan Officers 7,270$40.54/hr0.7%
Loan Interviewers and Clerks 4,320$24.06/hr-3.2%
Tax Preparers 1,100$23.71/hr1.7%
Credit Authorizers, Checkers, and Clerks 180$23.65/hrN/A
Managers, All Other 5,400$73.14/hr3.1%
Brokerage Clerks 1,170$27.90/hr-9.2%
Financial Specialists, All Other 1,050$38.99/hr6.3%
Tax Examiners and Collectors, and Revenue Agents 1,050$35.29/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.