DETAILED OCCUPATION DATA

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

Occupational Employment Statistics(OES) Wage Data
Wages Updated to First Quarter, 2020

					Percentiles
Geography	Employment	Emp SE*	Mean	Mean SE*	10th	25th	Median	75th	90th
Minnesota	1,750	233	$39.12/hr	$1.37/hr	$24.82/hr	$28.43/hr	$35.09/hr	$46.08/hr	$67.13/hr
U S	100,050	2,301	$37.68/hr	$0.30/hr	$20.56/hr	$25.96/hr	$33.99/hr	$45.81/hr	$60.33/hr
*SE = Standard error, a measure of the statistical reliability of the estimate.

Leading Industries for Insurance Underwriters Industry OES Employment OES Median Wage Financial Activities 1,360 $34.65/hr Professional and Business Services 390 $36.06/hr

Other Regional Data For Insurance Underwriters Geography (click title for details) OES Projections Employment Median Wage % Change 2022 - 2032 Minnesota 1,750 $35.09/hr -3.0% Minneapolis-St Paul-Bloomington MN-WI MSA 1,610 $36.05/hr N/A Seven County Mpls-St Paul, MN 1,600 $36.10/hr -3.2% Southwest Balance of State 50 $30.79/hr N/A Southwest Minnesota 40 $25.22/hr 0.0% Duluth MN-WI MSA 30 $25.40/hr N/A Northeast Minnesota 30 $25.39/hr -3.3% Central Minnesota 20 $30.64/hr -2.6% La Crosse WI-MN MSA 10 $34.81/hr N/A Northwest Balance of State N/A N/A N/A Rochester MN MSA N/A N/A N/A Grand Forks ND-MN MSA N/A N/A N/A Southeast Balance of State N/A $24.28/hr N/A Mankato-North Mankato MN MSA N/A N/A N/A Northwest Minnesota N/A $20.72/hr -7.4% Southeast Minnesota N/A N/A -2.8% Fargo ND-MN MSA N/A $37.61/hr N/A St Cloud MN MSA N/A N/A N/A

Related Occupations

Occupation (click title for details)	OES		Projections
	Employment	Median Wage	% Change 2022 - 2032
Insurance Claims and Policy Processing Clerks	6,790	$22.52/hr	-1.7%
Claims Adjusters, Examiners, and Investigators	5,930	$31.46/hr	-3.8%
Cost Estimators	4,480	$31.12/hr	1.7%
Credit Analysts	2,080	$36.21/hr	-4.6%
Tax Preparers	1,350	$26.02/hr	1.7%
Procurement Clerks	1,120	$20.96/hr	-5.4%
Actuaries	460	$48.58/hr	24.5%
Insurance Appraisers, Auto Damage	N/A	N/A	N/A

• Examines documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.
• Writes to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies.
• Declines excessive risks.
• Authorizes reinsurance of policy when risk is high.
• Reviews company records to determine amount of insurance in force on single risk or group of closely related risks.
• Decreases value of policy when risk is substandard and specifies applicable endorsements or applies rating to ensure safe profitable distribution of risks, using reference materials.
• Evaluates possibility of losses due to catastrophe or excessive insurance.