Underwriter Training and Certification

To become an insurance underwriter, you'll likely need to complete at least a bachelor's degree program. Additional training is available via internships and focused coursework. Read about what you'd study as a student, and get info on certification options for underwriters. Check the career outlook for this field. Schools offering Finance degrees can also be found in these popular choices.

What Education Do I Need to Become an Insurance Underwriter?

According to the U.S. Bureau of Labor Statistics (BLS), most companies require prospective insurance underwriter employees to have a bachelor's degree in a field such as accounting or finance. Completing a 4-year degree program can help you understand business protocol, account management, financial forecasting and the circumstances that can impact a company's bottom line. Courses may include business finance, portfolio management, macroeconomics, capital management, accounting and risk measurement. The BLS also suggests that experience in the field is highly valued by insurance organizations (www.bls.gov).

Common CoursesBusiness finance, portfolio management, macroeconomics, capital management, accounting
Insurance Underwriter TrainingInternships, on-the-job training, formal courses
Certification SpecializationsCommercial, private, property, life or health underwriting
Job Outlook5% decrease from 2016-2026
Median Salary (2018) $69,380 (for all insurance underwriters

Source: U.S. Bureau of Labor Statistics (BLS)

What Training Is Available?

Insurance underwriter training can be acquired through internships, on-the-job training and formal courses. These programs allow you to decide which field you want to specialize in. You learn to use the risk analysis programs, deduce premiums based on risk, contact the necessary people for policy explanation and navigate insurance databases. There are also supplementary courses for beginning underwriters through agencies such as the Insurance Institute of America.

What About Certification?

Voluntary certification is available through a handful of organizations, with options specific to your choice of specialization. For example, you can earn your certification in commercial, private, property, life or health underwriting. These can prepare you for career advancement or lead to salary increases; necessary qualifications vary according to your level of experience and education.

What Jobs Are Available?

The U.S. Bureau of Labor Statistics projects an 5% decrease in available underwriter jobs between 2016 and 2026 due to technology allowing for increased productivity. You may find work as an automobile and property, personal or commercial underwriter. This field may expand as new types of insurance are introduced.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools

  • Strayer University

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    Popular programs at Strayer University:

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  • Southern New Hampshire University

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  • Purdue University Global

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  • Capella University

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  • Liberty University

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  • Full Sail University

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  • Maryville University

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  • Colorado Christian University

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