Underwriter Starting Salary in Every State (2021)
Starting Salary For Underwriter (2021), Working Conditions, Training, Employment, Career and Nature of Work. EMPLOYMENT OUTLOOK: Employment growth of insurance underwriters is expected to be slower than average in the decade ahead. The expected rise in the volume, complexity, and variety of insurance products will be offset by the trend toward self-insurance and the increased use of artificial intelligence. Jobs are projected to increase from 300,000 in 2020 to 520,000 by 2030. These are broken down into six groups of underwriters: fire, marine, and casualty insurance carriers (36%); insurance agents, brokers, and service personnel (32%); life insurance carriers (14%); pension funds and miscellaneous insurance carriers (3%); medical service and health insurance carriers (3%); and underwriters in other industries (11%) NATURE OF WORK: Underwriters appraise and choose the risks their company will insure. The underwriter must analyze information in insurance ap...