Insurance Underwriter

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AVG. SALARY

$72,490

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Decreasing

Money & Outlook

:

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Oklahoma Earnings

Average Annual Wage

$72,490

Entry Annual Wage

$45,280

Experienced Annual Wage

$107,900

Average Hourly Wage

$34.85

Entry Hourly Wage

$21.77

Experienced Hourly Wage

$51.87

Median Hourly Wage

$32.10

Oklahoma Regional Earnings

Oklahoma Metropolitan Areas Wages

Region Average Entry Level Experienced
Oklahoma City MSA $73,530 or $35.35/hr $45,280 or $21.77/hr $107,900 or $51.87/hr
Tulsa MSA $74,140 or $35.64/hr $47,890 or $23.03/hr $116,290 or $55.91/hr

Oklahoma's Employment and Outlook (State-wide)

Outlook Decreasing
Growth rate is estimated to be -2%
Job Openings 70 estimated annual job openings
Employment 1,100 were employed in this occupation

Oklahoma's Regional Employment and Outlook

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Tulsa MSA 160 0% N/A 11
Oklahoma City MSA 570 7% 4 N/A 46

National Earnings

Average Annual Wage

$93,700

Average Hourly Wage

$45.05

Average Annual Range

$55,530 to $145,160

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook decreasing
  The employment change from 2024 to 2034 is estimated to be -3%.
(The National average for all occupations is +3%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2024 and 2034.
(The National Average for all occupations is 1,696 openings)
Employment small occupation
  This was a small occupation in the United States, employing 127,000 workers in 2024.
(The National average for all occupations is 152,838 workers)
Growth Declining growth
  Automated underwriting software allows workers to process applications quickly, reducing the need for underwriters. As this technology continues to improve and become more widely adopted in the insurance industry, more underwriting decisions are expected to be made automatically. 
Industries Large concentrations of this occupation are found in these industries
  • Finance and insurance (NAICS520000) (95%)
  • Insurance carriers and related activities (NAICS524000) (93.6%)
  • Insurance carriers (NAICS524100) (64%)
  • Direct insurance (except life, health, and medical) carriers (NAICS524120) (51.8%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (29.6%)
  • Insurance agencies and brokerages (NAICS524210) (25.1%)