How To Become An Underwriting Internship: What It Is and Career Path

What is an underwriting internship and how to become one

Updated January 8, 2025

3 min read

The reason behind applying for an underwriting internship is to obtain tangible skills in underwriting and improve your documentations. As an individual under internship, you will be expected to obey directions, take notice and observe or contribute to operations being carried out, and evaluate business chances. You are required to also suggest rules to be put down in writing by clients and decide the scope that the organization should embrace. You will play a vital part in the financial sector, like, insurance organizations, mortgage organizations, and the resources markets. The intern must have an understanding of various life assurance organizations and various rules that are accessible to clients.

To fit into this role, you must display skills in underwriting, and you must have outstanding interaction, risk management, and analytical skills. Additionally, a bachelor's degree is usually desired; a master's degree can be used as a second choice. In addition to these skills, you must be good at operating PowerPoint. With this, you can earn an average annual salary of $41,626 or $20.01 per hour.

ScoreUnderwriting InternshipUS Average

Salary

3.8

Avg. Salary $48,319

Avg. Salary $59,228

Stability level

7.6

Growth rate -4%

Growth rate 0.3%

Diversity

5.4

Race

American Indian and Alaska Native 0.37%

Asian 5.86%

Black or African American 7.62%

Hispanic or Latino 10.28%

Unknown 2.50%

White 73.37%

Gender

female 32.97%

male 67.03%

Age - 43

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 43

Stress level

7.6

Stress level is high

7.1 - high

Complexity level

8.6

Complexity level is advanced

7 - challenging

Work life balance

5.5

Work life balance is fair

6.4 - fair

Key steps to become an underwriting internship

Explore underwriting internship education requirements

Most common underwriting internship degrees

Bachelor's

81.0 %

Master's

7.0 %

Associate

5.8 %

Start to develop specific underwriting internship skills

Skills	Percentages
Internship Program	26.17%
Risk Management	21.28%
PowerPoint	8.77%
Underwriting Process	5.80%
Financial Statements	4.11%

Complete relevant underwriting internship training and internships

Accountants spend an average of 3-6 months on post-employment, on-the-job training. New underwriting interns 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 underwriting internship based on U.S. Bureau of Labor Statistics data and data from real underwriting internship resumes.

Research underwriting internship duties and responsibilities

Assist underwriters in expediting new business, processing endorsements and/or modifying existing policies while achieving broker relationships.
Work directly with independent agents and BCBS marketing department to analyze information and make eligibility decisions with strict timelines.
Prepare promotional plans, sales literature, media kits, and sales contracts, using computer.

Prepare your underwriting internship resume

When your background is strong enough, you can start writing your underwriting internship 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 underwriting internship resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable underwriting internship resume templates

Build a professional underwriting internship 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 underwriting internship resume.