By Lewis Nibbelin, Research Writer, Triple-I
Despite declining industrywide representation, the U.S. Hispanic or Latino population accounted for a growing share of underwriters in 2025, according to a recent Triple-I Chart of the Week.
Based on survey data from the Bureau of Labor Statistics, Hispanic or Latino professionals represented 11.4% of underwriters in 2025, up from 8.8% in 2024. Likewise, the number of Hispanic or Latino professionals in the field grew 48.4%, outpacing the occupation’s overall employee growth of 14.5%.
Representation among claims and policy processing clerks remained the same, at 17.7%, while that among insurance sales agents dropped from 18.3% in 2024 to 17.2% in 2025. Year-over-year, the number of Hispanic or Latino insurance sales agents fell by about 1.4%, whereas the total number of professionals in the occupation grew by 4.9%.
Across all insurance occupations, the share of Hispanic or Latino professionals decreased from 12.8% in 2024 to 12.3% in 2025 – even as total employee count rose by 3.3% in the industry.
For several decades, Hispanic or Latino Americans have been the nation’s largest racial or ethnic minority, most recently comprising 20.5% of the U.S. population in 2025. But while they made up about one-fifth of the population, the demographic drove 28.2% of all U.S. economic growth in 2024, according to the 2026 LDC U.S. Latino Economic Impact Report. That year, the U.S. Latino economy reached $4.4 trillion, sufficient to rank as the fourth-largest economy in the world if measured as its own country.
Similarly, the Latino consumer market hit $2.8 trillion, with household consumption climbing nearly three times faster than non-Latino consumption from 2019 to 2024. The report attributed much of this growth to the population’s younger, increasingly active workforce, which accounted for about two-thirds of U.S. working-age population growth in 2024, and the rising number of Latino-owned businesses, at 5.7 million in total.
Latino homeownership continued to expand in 2025, hitting an all-time high of 10.2 million households even as homeownership among most other demographic groups declined, the National Association of Hispanic Real Estate Professionals reported. As such, Latino homeownership accounted for nearly all national household growth last year – a “primary indicator of future homeownership activity,” their report noted.
Insurers who fail to engage with these communities risk losing a robust share of the market. A workforce that includes Hispanic or Latino professionals is better positioned to build trust and design products and outreach that resonate with their needs.
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Learn More:
Chart of the Week: “U.S. GDP and Insurance Growth Bolstered by Hispanic and Latino Community”
