Insurance Underwriter Career Outlook
You can work as an insurance agent without formal qualifications however they may be useful.
Insurance underwriter career outlook. Employers prefer to hire candidates who have a bachelor s degree. Whether you want to find a job plan your career or track employment trends you should know what the outlook is for workers in your region. Find out what the future holds for people working as an insurance underwriter near toronto on.
Bureau of labor statistics job opportunities for insurance underwriters are projected to decline 5 percent during the decade ending in 2026. Employment of insurance underwriters in the direct health and medical insurance carriers industry is projected to grow 15 percent from 2016 to 2026. Vacancies for this career have slightly decreased by 1 56 percent nationwide in that time with an average decline of 0 26 percent per year.
Coursework in business finance mathematics and economics may be beneficial. Insurance sales agents commonly sell one or more types of insurance such as property and casualty life health and long term care insurance. This is dramatically worse than the 7 percent growth projected for all occupations.
The overall job outlook for insurance underwriter careers has been relatively unchanged since 2004. Many employers seek applicants with work experience and some companies may show preference to candidates with professional designations such as chartered property casualty. Most work full time.
Visit job bank to learn about career prospects throughout canada. How to become an insurance underwriter. Demand for insurance underwriters is expected to go up with an expected 4 090 new jobs filled by 2018.
Insurance underwriter life assurance representative. Although a specific major is not required some coursework in business finance economics and mathematics is helpful. Vet vocational education and training and university are both common study pathways for insurance agents.
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