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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 13023$29.52/hr$19.01/hr$23.40/hr$24.86/hr$31.37/hr$40.83/hr


IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Financial Activities2,180$32.34/hr
Professional and Business Services230$43.39/hr
Public AdministrationN/AN/A
 
Geography Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Fargo ND-MN MSA N/AN/AN/A
Grand Forks ND-MN MSA N/AN/AN/A
La Crosse WI-MN MSA N/AN/AN/A
Mankato-North Mankato MN MSA N/AN/AN/A
Northwest Balance of State N/AN/AN/A
Northwest Minnesota 10$29.51/hrN/A
St Cloud MN MSA 10$30.73/hrN/A
Rochester MN MSA 20$30.73/hrN/A
Central Minnesota 40$31.14/hr0.0%
Northeast Minnesota 40$28.25/hr-2.9%
Duluth MN-WI MSA 40$29.21/hrN/A
Southwest Balance of State 80$24.60/hrN/A
Southeast Balance of State 110N/AN/A
Southeast Minnesota 120$38.95/hrN/A
Southwest Minnesota 130$24.86/hr-3.7%
Seven County Mpls-St Paul, MN 1,860$38.71/hr-5.6%
Minneapolis-St Paul-Bloomington MN-WI MSA 1,890$38.71/hrN/A
Minnesota 2,410$34.02/hr-5.5%


Occupations Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Securities, Commodities, and Financial Services Sales Agents 7,530$40.46/hr6.7%
Insurance Sales Agents 8,520$32.24/hr2.6%
Loan Officers 7,520$39.79/hr2.3%
Loan Interviewers and Clerks 4,500$24.46/hr-2.0%
Tax Preparers 1,360$28.17/hr1.7%
Credit Authorizers, Checkers, and Clerks 220$24.83/hr-7.9%
Managers, All Other 6,140$61.74/hrN/A
Brokerage Clerks 1,790$24.98/hr-8.3%
Financial Specialists, All Other 1,780$37.77/hrN/A
Tax Examiners and Collectors, and Revenue Agents 1,440$31.90/hr-2.5%


  • 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.