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Insurance Underwriters Job Outlook

Employment of underwriters is expected to increase 6 percent from 2010 to 2020, slower than the average for all occupations. New types of automated underwriting software allow workers to process applications more quickly than before, reducing the need for underwriters. However, there still will be a need for underwriters to evaluate automated recommendations.

Among underwriter specialties, underwriters working in health insurance are projected to have faster employment growth. Federal healthcare reform will require more individuals to purchase health insurance, leading to an increase in applications. In addition, as the population ages, there will likely be increased demand for long-term care insurance.

Job Prospects

The need to replace workers who retire or transfer to another occupation should create many additional job openings. Job opportunities should be best for those with a background in finance, and strong computer and communication skills.

Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2012-13 Edition