Skip to main content

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 9016$29.17/hr$19.40/hr$24.94/hr$26.15/hr$32.14/hr$38.22/hr


IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Financial Activities1,910$37.39/hr
Professional and Business Services170$40.59/hr
Public AdministrationN/AN/A
 
Geography Click link for details EmploymentMedian WageProjections
% Change 2020-2030
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
Northeast Balance of State N/AN/AN/A
Northwest Minnesota N/AN/AN/A
Rochester MN MSA 10$28.65/hrN/A
St Cloud MN MSA 10$31.07/hrN/A
Duluth MN-WI MSA 30$27.13/hrN/A
Central Minnesota 30$32.39/hr0.0%
Northeast Minnesota 30$28.01/hr-2.9%
Southwest Balance of State 60$25.95/hrN/A
Southwest Minnesota 90$26.15/hr-3.7%
Fargo ND-MN MSA 150$35.30/hrN/A
Southeast Balance of State 150$37.94/hrN/A
Southeast Minnesota 150$38.55/hrN/A
Seven County Mpls-St Paul, MN 1,580$38.64/hr-5.6%
Minneapolis-St Paul-Bloomington MN-WI MSA 1,590$38.57/hrN/A
Minnesota 2,080$37.79/hr-5.5%


Occupations Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Securities, Commodities, and Financial Services Sales Agents 8,560$36.33/hr6.7%
Insurance Sales Agents 9,540$30.34/hr2.6%
Loan Officers 8,020$38.66/hr2.3%
Loan Interviewers and Clerks 5,160$23.77/hr-2.0%
Tax Preparers 1,430$30.00/hr1.7%
Credit Authorizers, Checkers, and Clerks 460$31.83/hr-7.9%
Managers, All Other 5,740$64.34/hrN/A
Brokerage Clerks 1,570$25.31/hr-8.3%
Financial Specialists, All Other 1,460$37.13/hrN/A
Tax Examiners and Collectors, and Revenue Agents 1,090$33.14/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.