Insurance underwriter demographics and statistics in the US
Insurance underwriter demographics research summary. Zippia estimates insurance underwriter demographics and statistics in the United States by using a database of 30 million profiles. Our insurance underwriter estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about insurance underwriters after extensive research and analysis:
- There are over 3,912 insurance underwriters currently employed in the United States.
- 66.6% of all insurance underwriters are women, while 33.4% are men.
- The average insurance underwriter age is 44 years old.
- The most common ethnicity of insurance underwriters is White (72.3%), followed by Hispanic or Latino (9.9%), Black or African American (9.2%) and Asian (5.7%).
- Insurance underwriters are most in-demand in Phoenix, AZ.
- Hartford, CT pays an annual average wage of $91,598, the highest in the US.
- In 2022, women insurance underwriters earned 95% of what men earned.
- Delaware is the best state for insurance underwriters to live.
- Insurance underwriters are 75% more likely to work at private companies in comparison to public companies.
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Insurance underwriter demographics by:
Insurance underwriter gender statistics
66.6% of insurance underwriters are women and 33.4% of insurance underwriters are men.
- Female, 66.6%
- Male, 33.4%
Insurance underwriter gender ratio
| Gender | Percentages |
|---|---|
| Female | 66.6% |
| Male | 33.4% |
Insurance underwriter gender pay gap
Women earn 95¢ for every $1 earned by men
Male income
$66,593
Female income
$63,388
Insurance underwriter gender ratio over time
This data breaks down the percentage of men and women in insurance underwriter positions over time. Currently, 66.6% of insurance underwriters are female.
Insurance underwriter gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 25.46% | 74.54% |
| 2011 | 28.50% | 71.50% |
| 2012 | 27.26% | 72.74% |
| 2013 | 29.92% | 70.08% |
| 2014 | 29.10% | 70.90% |
| 2015 | 31.64% | 68.36% |
| 2016 | 32.71% | 67.29% |
| 2017 | 30.80% | 69.20% |
| 2018 | 32.65% | 67.35% |
| 2019 | 36.67% | 63.33% |
| 2020 | 30.78% | 69.22% |
| 2021 | 33.38% | 66.62% |
Insurance underwriter related jobs gender ratio
We compared insurance underwriters with similar job titles to see how gender ratios vary. As you can see, renewable energy system finance specialist and chartered finance analyst have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Escrow Officer | 15% | 85% |
| Customs Verifier | 20% | 80% |
| Credit Assistant | 20% | 80% |
| Insurance Underwriter | 33% | 67% |
| Head Analyst | 86% | 14% |
| Chartered Finance Analyst | 90% | 10% |
| Renewable Energy System Finance Specialist | 92% | 8% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Insurance underwriter demographics by race
The most common ethnicity among insurance underwriters is White, which makes up 72.3% of all insurance underwriters. Comparatively, 9.9% of insurance underwriters are Hispanic or Latino and 9.2% of insurance underwriters are Black or African American.
- White, 72.3%
- Hispanic or Latino, 9.9%
- Black or African American, 9.2%
- Asian, 5.7%
- Unknown, 2.5%
- American Indian and Alaska Native, 0.4%
Insurance underwriter race
| Insurance underwriter race | Percentages |
|---|---|
| White | 72.3% |
| Hispanic or Latino | 9.9% |
| Black or African American | 9.2% |
| Asian | 5.7% |
| Unknown | 2.5% |
| American Indian and Alaska Native | 0.4% |
Insurance underwriter race and ethnicity over time
See how insurance underwriter racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Insurance underwriter race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 74.05% | 9.81% | 5.55% | 8.75% |
| 2011 | 73.60% | 11.00% | 4.66% | 8.93% |
| 2012 | 71.93% | 10.74% | 6.09% | 9.98% |
| 2013 | 73.38% | 10.48% | 6.12% | 7.93% |
| 2014 | 72.82% | 11.47% | 4.66% | 9.31% |
| 2015 | 71.33% | 11.33% | 5.47% | 9.94% |
| 2016 | 70.25% | 11.97% | 5.06% | 10.57% |
| 2017 | 71.10% | 8.96% | 7.77% | 10.25% |
| 2018 | 71.72% | 9.05% | 7.19% | 10.06% |
| 2019 | 70.88% | 10.33% | 6.53% | 9.98% |
| 2020 | 69.38% | 10.40% | 5.31% | 11.28% |
| 2021 | 72.26% | 9.24% | 5.73% | 9.91% |
Insurance underwriter wage gap by race
According to our data, unknown insurance underwriters have the highest average salary compared to other ethnicities. Black or african american insurance underwriters have the lowest average salary at $59,472.
| Ethnicity | Salary |
|---|---|
| Unknown | $71,380 |
| White | $68,719 |
| Black or African American | $59,472 |
| Asian | $68,358 |
| Hispanic or Latino | $65,676 |
Average insurance underwriter age
See how the average age of insurance underwriters varies based on ethnicity and gender.
Male
Female
Insurance underwriter age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 45 | |
| White | 38 | 47.5 |
| Black or African American | 45.5 | 50.5 |
| Asian | 38 | 41 |
| Hispanic or Latino | 40.5 | 47.5 |
Insurance underwriter age breakdown
The average age of insurance underwriters is 40+ years years old, representing 61% of the insurance underwriter population.
Insurance underwriter age breakdown
| Insurance Underwriter Years | Percentages |
|---|---|
| 40+ years | 61% |
| 30-40 years | 27% |
| 20-30 years | 11% |
Insurance underwriter educational attainment
The most common degree for insurance underwriters is bachelor's degree, with 67% of insurance underwriters earning that degree. The second and third most common degree levels are associate degree degree at 14% and associate degree degree at 8%.
- Bachelor's, 67%
- Associate, 14%
- High School Diploma, 8%
- Master's, 5%
- Other Degrees, 6%
Insurance underwriters by degree level
| Insurance underwriter degree | Percentages |
|---|---|
| Bachelor's | 67% |
| Associate | 14% |
| High School Diploma | 8% |
| Master's | 5% |
| Other Degrees | 6% |
Insurance underwriter jobs you might like
Insurance underwriter wage gap by degree level
According to the data, insurance underwriters with a Master's degree earn more than those without, at $94,229 annually. With a Bachelor's degree, insurance underwriters earn a median annual income of $74,688 compared to $51,335 for insurance underwriters with an Associate degree.
| Education | Salary |
|---|---|
| Master's Degree | $94,229 |
| High School Diploma or Less | $49,314 |
| Bachelor's Degree | $74,688 |
| Some College/ Associate Degree | $51,335 |
Insurance underwriter employment statistics
Most insurance underwriters work for a private in the insurance industry.
Company size where insurance underwriters work
Below, you can see the size of companies where insurance underwriters work.
Insurance underwriter jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 7% |
| 50 - 100 employees | 14% |
| 100 - 500 employees | 22% |
| 500 - 1,000 employees | 9% |
| 1,000 - 10,000 employees | 27% |
| > 10,000 employees | 21% |
Insurance underwriter jobs by company type
Employees with the insurance underwriter job title have their preferences when it comes to working for a company. For instance, most insurance underwriters prefer to work at private companies over public companies.
Insurance underwriter jobs by sector
| Company type | Percentages |
|---|---|
| Education | 1% |
| Public | 23% |
| Private | 75% |
| Government | 1% |
Insurance underwriter jobs by industry
The most common industries for insurance underwriters are insurance, finance and professional.
Insurance underwriter industry statistics
| Industry | Percentages |
|---|---|
| Insurance | 44% |
| Fortune 500 | 15% |
| Finance | 12% |
| Professional | 5% |
| Media | 3% |
| Health Care | 3% |
| Real Estate | 3% |
| Technology | 3% |
| Retail | 2% |
| Hospitality | 1% |
| Government | 1% |
| Utilities | 1% |
| Construction | 1% |
| Manufacturing | 1% |
| Agriculture | 1% |
| Start-up | 1% |
| Non Profits | 1% |
| Education | 1% |
| Energy | 1% |
Insurance underwriter turnover and employment statistics
Insurance underwriter unemployment rate over time
The unemployment rate for insurance underwriters between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Insurance underwriter unemployment rate by year
| Year | Insurance underwriter unemployment rate |
|---|---|
| 2010 | 3.82% |
| 2011 | 3.75% |
| 2012 | 3.22% |
| 2013 | 3.64% |
| 2014 | 2.32% |
| 2015 | 1.60% |
| 2016 | 1.56% |
| 2017 | 2.16% |
| 2018 | 1.88% |
| 2019 | 1.22% |
| 2020 | 1.67% |
| 2021 | 2.13% |
Average insurance underwriter tenure
The average insurance underwriter stays at their job for 1-2 years, based on the 1,903 insurance underwriters resumes in Zippia's database.
Insurance underwriter tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 13% |
| 1-2 years | 35% |
| 3-4 years | 18% |
| 5-7 years | 16% |
| 8-10 years | 6% |
| 11+ years | 13% |
Insurance underwriter LGBT ratio compared to similar jobs
Review the percent of insurance underwriters that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Project Finance Analyst | 7.33% | 106,230 |
| Auditor-In-Charge | 7.40% | 63,534 |
| Income Tax Advisor | 7.56% | 65,420 |
| Estate Tax Examiner | 7.65% | 40,055 |
| Insurance Underwriter | 8.77% | - |
| Budget Examiner | 12.94% | 2,896 |
| Senior Examiner | 19.38% | 2,135 |
Similar insurance underwriter jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Project Finance Analyst | 7.33% | 106,230 |
| Auditor-In-Charge | 7.40% | 63,534 |
| Income Tax Advisor | 7.56% | 65,420 |
| Estate Tax Examiner | 7.65% | 40,055 |
| Budget Examiner | 12.94% | 2,896 |
| Senior Examiner | 19.38% | 2,135 |
Foreign languages spoken by insurance underwriters
The most common foreign language among insurance underwriters is Spanish at 59.5%. The second-most popular foreign language spoken is Mandarin at 7.6% and French is the third-most popular at 6.3%.
- Spanish, 59.5%
- Mandarin, 7.6%
- French, 6.3%
- Chinese, 5.1%
- Korean, 5.1%
- Other, 16.4%
Insurance underwriter languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 59.5% |
| Mandarin | 7.6% |
| French | 6.3% |
| Chinese | 5.1% |
| Korean | 5.1% |
| Other | 16.4% |
