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Underwriter Development Program Jobs in Minneapolis, MN

Vertical Insure

Program Underwriter

Minneapolis, MN · On-site

$80K - $110K/yr

In this role, you'll support the development, maintenance, and performance of our insurance ... As our Program Underwriter , you'll play a critical role in ensuring our products are profitable ...

Vertical Insure, Inc.

Program Underwriter

Minneapolis, MN · On-site

$80K - $110K/yr

In this role, you'll support the development, maintenance, and performance of our insurance ... As our Program Underwriter , you'll play a critical role in ensuring our products are profitable ...

Old Republic

National Commercial Underwriter

Minnetonka, MN · On-site

$95K - $140K/yr

Professional growth and development opportunities within a respected industry leader. * Competitive ... Paid time off programs * 11 Company paid holidays per year * Flexible spending account * Health ...

Tmhcc

Senior Underwriter, Accident & Health

Minnetonka, MN · On-site

$100K - $118K/yr

... assistance program, paid parental leave, 401(k) plan with Company matching contributions and ... Lead product development and refinement initiatives, including plan design and rating methodologies

Old Republic

National Commercial Underwriter

Minnetonka, MN · On-site

$95K - $140K/yr

Professional growth and development opportunities within a respected industry leader. * Competitive ... Paid time off programs * 11 Company paid holidays per year * Flexible spending account * Health ...

PartnerRE Ltd.

Senior Underwriter, ESL

Maple Grove, MN · Hybrid

$100K - $119K/yr

... development. Take advantage of our educational assistance programs for Accounting and Actuarial ... Review underwriting information, develop rates and terms for Employer Stop Loss accounts based upon ...

PartnerRe Ltd.

Senior Underwriter, ESL

Maple Grove, MN · On-site

$100K - $150K/yr

... development. Take advantage of our educational assistance programs for Accounting and Actuarial ... Review underwriting information, develop rates and terms for Employer Stop Loss accounts based upon ...

Gallagher

Underwriter Associate

Minneapolis, MN · On-site

Under direct supervision, underwrites individual insurance applications to cover property and ... Comprehensive benefits programs designed to support your well-being * Career development ...

New

PartnerRE Ltd.

Senior Underwriter, ESL

Maple Grove, MN · Hybrid

$100K - $119K/yr

... development. Take advantage of our educational assistance programs for Accounting and Actuarial ... Review underwriting information, develop rates and terms for Employer Stop Loss accounts based upon ...

Allianz

Underwriter Senior - Actuary | Remote

Minneapolis, MN · On-site +1

$102K - $121K/yr

Analysis & Opinion Development: • Complete analysis of loss portfolio transfers and reinsurance ... This role is also eligible for an annual incentive program. If you are hired, your final base ...

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All JobsUnderwriter Development Program JobsUnderwriter Development Program Jobs in Minneapolis, MN

Underwriter Development Program information

See Minneapolis, MN salary details

$33.9K

$82.3K

$145.6K

How much do underwriter development program jobs pay per year?

As of Sep 14, 2026, the average yearly pay for underwriter development program in Minneapolis, MN is $82,333.00, according to ZipRecruiter salary data. Most workers in this role earn between $63,700.00 and $90,800.00 per year, depending on experience, location, and employer.

What is an underwriter development program?

An Underwriter Development Program is a structured training initiative offered by insurance companies or financial institutions to prepare individuals for careers as underwriters. Participants typically receive a mix of classroom instruction, on-the-job training, and mentorship to learn about risk assessment, policy evaluation, and decision-making processes. The goal of the program is to equip trainees with the knowledge and skills needed to evaluate insurance applications, determine coverage terms, and assess potential risks. These programs often lead to full-time underwriting positions upon successful completion.

What can I expect from the training and mentorship provided in an underwriter development program?

Participants in an Underwriter Development Program typically receive a blend of classroom instruction, on-the-job training, and mentorship from experienced underwriters. You can expect to rotate through various lines of business, work on real case studies, and gradually take on more responsibility as you build your technical and analytical skills. Mentors and managers provide regular feedback and support, helping you to understand underwriting guidelines, risk assessment, and client interaction. This structured training approach prepares you for a successful underwriting career and often leads to advancement opportunities within the company.

What are the key skills and qualifications needed to thrive in an underwriter development program, and why are they important?

To thrive in an Underwriter Development Program, you need strong analytical abilities, attention to detail, and a bachelor's degree in finance, business, or a related field. Proficiency with risk assessment software, Microsoft Excel, and familiarity with industry regulations or progress toward certifications like CPCU are often valued. Effective communication, critical thinking, and strong organizational skills help candidates stand out in this role. These skills ensure accurate risk analysis, clear client interactions, and the ability to manage complex portfolios in the insurance industry.

What is the difference between Underwriter Development Program vs Underwriter?

AspectUnderwriter Development ProgramUnderwriter
CredentialsTypically requires a bachelor's degree, sometimes a certification like CPCU or ARMRequires similar credentials, often with additional experience or certifications
Work EnvironmentStructured training environment, often in corporate officesOperational, risk assessment, and decision-making roles in insurance companies
Usage in IndustryEntry-level training program for aspiring underwritersFull-time professional role responsible for evaluating insurance risks

The Underwriter Development Program is designed to train and develop new talent into underwriters, providing structured learning and mentorship. An underwriter, on the other hand, is a fully qualified professional responsible for assessing risks and making underwriting decisions. The program prepares individuals for a career as an underwriter, who then performs the core job functions within the insurance industry.

How hard is it to get an underwriter development program job?

Securing an underwriter development program position typically requires a relevant bachelor's degree, strong analytical skills, and sometimes prior internship experience. Competition can be moderate to high, and candidates often need to demonstrate proficiency in risk assessment, attention to detail, and familiarity with underwriting tools or software.

What are popular job titles related to Underwriter Development Program jobs in Minneapolis, MN?

For Underwriter Development Program jobs in Minneapolis, MN, the most frequently searched job titles are:

What job categories do people searching Underwriter Development Program jobs in Minneapolis, MN look for?

The top searched job categories for Underwriter Development Program jobs in Minneapolis, MN are:

Underwriter Development Program jobs near you
Infographic showing various Underwriter Development Program job openings in Minneapolis, MN as of August 2026, with employment types broken down into 1% As Needed, 78% Full Time, 17% Part Time, and 4% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $82,333 per year, or $39.6 per hour.

Program Underwriter

Minneapolis, MN • On-site

Vertical Insure
See more jobs at Vertical Insureexternal

$80K - $110K/yr

Full-time

Medical, Dental, Life, Retirement, PTO

Re-posted 12 days ago

Job description

About Vertical Insure
Location: Minneapolis, MN (Hybrid - in office Tuesdays and Thursdays)
Vertical Insure is the leading embedded insurance platform built for vertical SaaS platforms. We offer customized insurance options tailored to each business and its customers, adding value and generating new revenue without extra overhead. Our approach is simple; we are removing the burden from buying insurance by embedding it into our partners' existing product flow making financial protection effortless and timely.
Vertical Insure is looking for a motivated and detail-oriented Program Underwriter to help manage and grow our insurance product offerings. In this role, you'll support the development, maintenance, and performance of our insurance programs. You'll work closely with the Product, Sales, and Partnerships teams, as well as with our MGA, carrier, and reinsurance partners, to ensure we deliver the right insurance products to our customers.
This is an excellent opportunity for someone with insurance experience who's looking to expand into a fast pace environment underwriting programs in an embedded and Insurtech context.
Our Minneapolis office operates on a hybrid model, with in-office collaboration on Tuesdays and Thursdays. At this time, we're only considering local candidates.
Why This Role Matters
Insurance is at the heart of everything we do. As our Program Underwriter, you'll play a critical role in ensuring our products are profitable, scalable, and positioned for long-term success. Your work will directly influence new product launches, strengthen carrier and reinsurance relationships, and provide the insights that help us make smarter business decisions. If you're energized by solving complex problems, working cross-functionally, and helping shape the future of embedded insurance, this is an opportunity to make a real impact.
What You'll Do
  • Develop program submissions for new insurance products based on existing or newly developed forms and actuarial models.
  • Own the reporting and analysis of underwriting and portfolio performance metrics, providing insights to internal and external stakeholders.
  • Partner with internal and external partners to develop, maintain, and enhance policy forms and program documentation.
  • Assist in securing capacity from reinsurance and insurers, including preparing materials and data for partner meetings.
  • Support the development and maintenance of insurance products across multiple business verticals.
  • Monitor and analyze product performance metrics, identifying trends, and recommend opportunities for improvement.
  • Collaborate with Sales, Product, Engineering, and others to ensure insurance products align with customer and business needs.
  • Contribute to special projects that improve insurance operations and support new product launches.

Who You Are
  • 2-7 years of experience in the insurance industry, ideally in underwriting, program management, or product support
  • Bachelor's degree in Actuarial Science, Risk Management, Finance or a related analytical field.
  • Experience working with insurance carriers, MGAs, or carrier relationships; experience with Insurtech is a plus.
  • Strong analytical and organizational skills, with the ability to manage multiple projects.
  • Excellent written and verbal communication skills.
  • Interest in growing within a fast-paced startup and learning how to manage insurance programs end-to-end.

Experience That Goes the Extra Mile
  • Demonstrated ability to create and improve underwriting and operational processes.
  • Background in fintech, insurance, or vertical SaaS industries.

What We Offer
The estimated base salary for this role is: $80,000 - $110,000 per year, depending on the level of experience, job-related knowledge, and skills. We offer a comprehensive benefits package, including health, dental, life insurance, flexible PTO, 401(k), paid parental leave, and more.

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