Alabama Department of Labor

Labor Market Information Division
SOC: 13-2053 Insurance Underwriters
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
Education: Most of these occupations require a four-year bachelor's degree, but some do not.
OJT: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Tasks: 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. Decline excessive risks. Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies. Review company records to determine amount of insurance in force on single risk or group of closely related risks. Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property. Authorize reinsurance of policy when risk is high. Evaluate possibility of losses due to catastrophe or excessive insurance.
License: License not required.
Outlook: poor
Alabama Employment Outlook
Alabama Wage Data
Hourly Wage   Annual Wage
Entry $18.50   Entry $38,478.00
Mean $29.52   Mean $61,414.00
Experience $35.05 Experience $72,888.00

The data is based on the May 2017 Occupation Employment Survey employment and wage estimate file. The wages have been aged using the most current ECI factors reflecting wages as of June 2018.

Alabama Projections
Estimated Employment 2016Projected Employment 2026Annual Average OpeningsAnnual Growth Rate
Related Occupations: Postsecondary Institutions With Programs:
Claims Examiners, Property and Casualty Insurance
Compensation, Benefits, and Job Analysis Specialists
Cost Estimators
Financial Examiners
Insurance Adjusters, Examiners, and Investigators
Loan Interviewers and Clerks
Purchasing Agents, Except Wholesale, Retail, and Farm Products
Risk Management Specialists
Tax Preparers
No postsecondary schools reported programs.
Occupational Videos
13-2053.00 Insurance Underwriters