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What is an insurance underwriter, sales and how to become one
An insurance underwriter is responsible for evaluating and assessing the risks of insuring potential clients and determining appropriate coverage and premiums. They work closely with insurance agents to analyze applications, gather information, and make informed decisions about accepting or rejecting policies. Underwriter salespeople also handle negotiations with clients, providing education on insurance options and tailoring coverage to meet individual needs. They must stay up-to-date on industry trends, regulations, and risk management practices to effectively evaluate risks.
What general advice would you give to an insurance underwriter, sales?
Tom Faulconer JD, CPCU, CLU, ChFC, CASL,CFP(r)
Clinical Professor, Butler University
Avg. Salary $40,226
Avg. Salary $59,228
Growth rate 6%
Growth rate 0.3%
American Indian and Alaska Native 0.15%
Asian 4.89%
Black or African American 9.34%
Hispanic or Latino 15.98%
Unknown 3.56%
White 66.10%
Genderfemale 38.99%
male 61.01%
Age - 46American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 46Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is fair
6.4 - fair
What are the pros and cons of being an insurance underwriter, sales?
Pros
Opportunity for high earning potential through commission
Ability to work independently and manage your own schedule
Job stability
Chance to help individuals and businesses protect themselves financially
Ability to work in a variety of industries and sectors
Cons
Pressure to meet sales quotas and goals
Can be a stressful job due to the importance of accuracy and attention to detail
May require long hours and irregular schedules, especially during peak seasons
Must stay up-to-date on changing regulations and policies, which can be time-consuming and complex
May involve significant paperwork and administrative tasks
Insurance underwriter, sales career paths
Key steps to become an insurance underwriter, sales
Explore insurance underwriter, sales education requirements
Start to develop specific insurance underwriter, sales skills
Skills Percentages Lead Generation 27.41% Financial Services 12.72% Customer Service 6.26% Sales Process 6.03% Strong Work Ethic 4.64% Complete relevant insurance underwriter, sales training and internships
Accountants spend an average of 6-12 months on post-employment, on-the-job training. New insurance underwriters, sales learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an insurance underwriter, sales based on U.S. Bureau of Labor Statistics data and data from real insurance underwriter, sales resumes.Obtain the necessary licensing
Becoming an licensed insurance underwriter, sales usually doesn't require a college degree. However, you need to pass an exam to become a licensed insurance underwriter, sales in most of states. 38 states require insurance underwriters, sales to have license for their work. You can see the list of states below.State Education Exam License url Alabama - - Licensed Insurance Producer Arkansas Degree required State exam required Insurance Sales Producer (Agent) Colorado Specific course required State exam required Insurance Agent Connecticut Specific course required State exam required Producer License, Individual Delaware - State exam required Insurance Agent Research insurance underwriter, sales duties and responsibilities
- Used consultative upselling techniques to provide leads
- Sell life and health insurance, annuities and mutual funds.
- Facilitate communications between doctors, hospitals, third party insurance companies and patients to obtain and verify patient billing information.
- License in life, health and annuities.CLU certificate in pension planning.
Prepare your insurance underwriter, sales resume
When your background is strong enough, you can start writing your insurance underwriter, sales resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on an insurance underwriter, sales resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
Choose from 10+ customizable insurance underwriter, sales resume templates
Build a professional insurance underwriter, sales resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your insurance underwriter, sales resume.
Apply for insurance underwriter, sales jobs
Now it's time to start searching for an insurance underwriter, sales job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How did you land your first insurance underwriter, sales job
Are you an insurance underwriter, sales?
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Average insurance underwriter, sales salary
The average insurance underwriter, sales salary in the United States is $40,226 per year or $19 per hour. Insurance underwriter, sales salaries range between $28,000 and $56,000 per year.
What am I worth?
How do insurance underwriters, sales rate their job?
Insurance underwriter, sales reviews
Remote work, banking hours and benefits
High pressure, Toxic work environment when rates increase & people become defensive & scared of layoffs
Remote work opportunity
High pressure environment, constant scrutiny of job performance
I was fortunate to start via an underwriting training program with a large insurance company. These are difficult to get into now and companies aren't as committed to training. The training offered me a great overview of the industry & various product lines. This offered me flexibility as I learned new products and specialty programs. I enjoy a 9-5 role, great benefits, good bonuses and travel. You also meet many people with variety of education and professional backgrounds and interests and make great long term friendships. The industry welcomes and needs people with many talents. I've enjoyed working remote and with small teams in the office.
Industry goes through high & low pricing cycles with, making lots of money or struggling to make budget. This puts direct pressure on underwriters to produce new business in a crowded space promoting the same basic products. I see younger underwriters now with business degrees, advanced degrees & industry certifications promoted quickly with little experience. Underwriting/computer systems are often dated and inefficient. We spend too much time sitting and looking at double monitors with lots of eye strain.
Updated January 8, 2025
