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Insurance Underwriters
 
Description

Insurance Underwriters - Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

O*NET code 13-2053.00

 
Wages

The national average annual salary for this occupation is $65,220 per year. Nationally, the average hourly wage for this occupation is $31.35. The average wage in New Mexico is very close to the national average. In New Mexico, the average hourly wage is $31.63 and most workers in this occupation earn between $22.39 and $36.26 per hour.

In the table click on the "+" sign to expand/collapse areas.

New Mexico Local Wages for Insurance Underwriters
AreaEntry WageAverage WageExperienced Wage
National Annual$65,220
National Hourly$31.35
Statewide Annual$46,561$65,795$75,413
Statewide Hourly$22.39$31.63$36.26
+ Metro Areas
Albuquerque Annual---
Hourly ---
Farmington Annual---
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Las Cruces Annual---
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Santa Fe Annual---
Hourly ---
+ Regions
Central Annual---
Hourly ---
Eastern Annual---
Hourly ---
Northern Annual---
Hourly ---
Southwestern Annual---
Hourly ---

A dash '-' indicates that information is not available for this occupation or area.
Metro Areas refer to Metropolitan Statistical Areas.
Regions refer to Workforce Investment Areas.
For more detailed information about New Mexico wages visit the Occupational Employment Statistics program website. Information displayed represents annual 2010 wages.

 
Career Clusters

Click on the career cluster icon to see a plan of study that will help you complete your Next Step Plan. The Career Plan of Study is a Microsoft Excel document. Many occupations will fit into several career clusters.

 
Job Growth

New Mexico

2008 to 2018

In 2008 there were about 90 workers in this occupation in New Mexico. The Department of Workforce Solutions estimates that by 2018 this number will have no growth by about 0 percent and an estmated 90 will be employed in this occupation. Compared to other occupations, employment growth in this occupation has little or no change. Job opportunities indicate few and keen competition, as there should be about 0 openings each year for workers in this occupation.

In the Table click on the "+" sign to expand/collapse areas

New Mexico Local Needs for Insurance Underwriters
AreaEstimated
Employment
2008
Projected
Employment
2018
Annual
Percent
Change
Total
Annual
Average
Openings
New Mexico90900.00%0
+ Metro Areas
Albuquerque40500.45%0
Farmington----
Las Cruces----
Santa Fe20200.51%0
+ Regions
Central40500.45%0
Eastern----
Northern----
Southwestern----

A dash '-' indicates that information is not available for this occupation or area.
Metro Areas refer to Metropolitan Statistical Areas.
Regions refer to Workforce Investment Areas.

 
Education

Insurance Underwriters usually need Bachelor's Degree.

Education LevelPercentage
Bachelor's Degree81%
Associate's Degree (or other 2-year degree)12%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree, but do not meet the requirements of academic degrees carrying the title of Master.4%
High School Diploma (or GED or High School Equivalence Certificate)4%

Information based on O*NET data and is the result of a national survey.

Use this list to find educational opportunities for this occupation. Contact the specific schools directly to find out application requirements and program availability.

In the table click on the "+" sign to expand/collapse areas.

New Mexico Schools with programs for Insurance Underwriters
+ ATI Career Training Center
Website:http://www.aticareertraining.edu/index.php?option=com_content&view=article&id=168&Itemid=113
TypeStandardized Program Title
Postsec. Awards/Cert./Diplomas; 1-2 yrs.General Office Occupations and Clerical Services
+ Central New Mexico Community College
Website:http://www.cnm.edu/
TypeStandardized Program Title
Postsec. Awards/Cert./Diplomas; 1-2 yrs.General Office Occupations and Clerical Services
+ Central New Mexico Community College-Mon
Website:http://www.cnm.edu/campus/montoya/index.php
TypeStandardized Program Title
Postsec. Awards/Cert./Diplomas; 1-2 yrs.General Office Occupations and Clerical Services
+ Central New Mexico Community College-Sou
Website:http://www.cnm.edu/svc/index.php
TypeStandardized Program Title
Postsec. Awards/Cert./Diplomas; 1-2 yrs.General Office Occupations and Clerical Services
+ Central New Mexico Community College-Wes
Website:http://www.cnm.edu/campus/westside/index.php
TypeStandardized Program Title
Postsec. Awards/Cert./Diplomas; 1-2 yrs.General Office Occupations and Clerical Services
+ Central New Mexico Community College-Wo
Website:http://www.cnm.edu/campus/wtc/index.php
TypeStandardized Program Title
Postsec. Awards/Cert./Diplomas; 1-2 yrs.General Office Occupations and Clerical Services
+ Eastern New Mexico University - Roswell
Website:http://www.roswell.enmu.edu/
TypeStandardized Program Title
Postsec. Awards/Cert./Diplomas; 1-2 yrs.General Office Occupations and Clerical Services
+ New Horizons Computer Learning Center
Website:http://www.nhabq.com/
TypeStandardized Program Title
Postsec. Awards/Cert./Diplomas; 1-2 yrs.General Office Occupations and Clerical Services
+ New Mexico State University - Alamogordo
Website:http://nmsua.edu/
TypeStandardized Program Title
Associate's DegreeGeneral Office Occupations and Clerical Services
Postsec. Awards/Cert./Diplomas; 1-2 yrs.General Office Occupations and Clerical Services
+ New Mexico State University- Albuquerque
Website:http://abq.nmsu.edu/
TypeStandardized Program Title
Associate's DegreeGeneral Office Occupations and Clerical Services
Postsec. Awards/Cert./Diplomas; 1-2 yrs.General Office Occupations and Clerical Services
+ NMSU - Dona Ana Community College
Website:http://dabcc.nmsu.edu/
TypeStandardized Program Title
Associate's DegreeGeneral Office Occupations and Clerical Services
Postsec. Awards/Cert./Diplomas; 1-2 yrs.General Office Occupations and Clerical Services
+ University of New Mexico - Valencia
Website:http://www.unm.edu/~unmvc/
TypeStandardized Program Title
Associate's DegreeGeneral Office Occupations and Clerical Services
Postsec. Awards/Cert./Diplomas; 1-2 yrs.General Office Occupations and Clerical Services

This list is updated once a year and is compiled from the NM Department of Higher Education and other sources.

 
License
License TitleContactYearNumber issued
PRC Non-Resident AgentsNM Public Regulation Commission Insurance Division NMID Agents Licensing Bu
1120 Paseo De Peralta, PERA Bldg., Romm 434,
Santa Fe, NM 87501
(505) 582-4601
www.nmprc.state.nm.us/als.htm
201091,217
PRC Resident AgentsNM Public Regulation Commission Insurance Division NMID Agents Licensing Bu
1120 Paseo De Peralta, PERA Bldg., Romm 434,
Santa Fe, NM 87501
(505) 582-4601
www.nmprc.state.nm.us/als.htm
20109,159

Other available certificates or credentials may also be desirable. Additional local licenses or permits may be required, and individual businesses may have specific employment requirements. Licensing information is collected through a variety of New Mexico-based resources and does NOT include federal licensing requirements.

 
WorkKeys Skill Levels

No WorkKeys scores are available for this particular occupation.

For further information on WorkKeys please visit the ACT-WorkKeys website. Skill levels are provided for individuals who know thier scores.

 
Industires that Hire Insurance Underwriters in New Mexico.
IndustryPercent of Employed
Credit Intermediation and Related Activities*
Funds, Trusts, and Other Financial Vehicles*
Insurance Carriers and Related Activities74.2%

* Data is confidential.

Source: NMDWS, Economic Research and Analysis Bureau

 
Common Titles
  • Account Underwriter
  • Automobile and Property Underwriter
  • Bond Underwriter
  • Commercial Lines Underwriter
  • Commercial Underwriter
  • Customer Service Representative
  • Insurance Analyst
  • Insurance Underwriter
  • Insurance Writer
  • Marine Underwriter
  • Personal Lines Underwriter
  • Property Underwriter
  • Reviewer
  • Risk Analyst
  • Underwriter
  • Underwriting Account Representative
  • Underwriting Manager
  • Underwriting Service Representative

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