Insurance Underwriters

The U.S. Department of Labor predicts that employment for underwriters will decline by 4 percent through 2033. The increasing use of underwriting software programs has made workers more productive (reducing the need for these professionals), but underwriters will still be needed to evaluate automated recommendations (especially in complex or specific fields, such as marine insurance). There will also be demand for skilled underwriters in response to the increasing population and growth of businesses that need insurance services.

New businesses will need underwriters for protection for new plants and equipment, insurance for workers' compensation, and product liability. The public's growing security consciousness and the increasing importance of employee benefits will result in some new opportunities in this field. Finally, the increasing number of Americans over the age of 65 who utilize long-term health care insurance and pension benefits will create some demand for underwriters.