Career Spotlight: Insurance Underwriter

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Underwriter

The insurance industry offers all different types of jobs, from marketing and sales, to IT and web design, and more. No matter what your level of education, skill set, or what your interests are, there is likely a career in insurance that’s a great fit for you. In Ohio, the insurance industry is a growing field with new jobs opening up every day, and insurance underwriters are considered an in-demand job, according to Ohio Means Jobs.

Read on to find out what an underwriter is, what their job entails, and whether or not a career as an underwriter is right for you!

What is an Underwriter?

Underwriters are present in many different industries, but in insurance, an underwriter’s role is to decide whether a person seeking insurance qualifies for it and what policy will best suit them. They assess the risk level of the individual by looking at things such as the applicant’s driving history or their property’s value.

Occupational Skills

Do you have some of the following skills? These skills can help you excel in a career as an insurance underwriter:

  • Basic Skills: Reading Comprehension, Active Listening, Speaking
  • Social Skills: Social Perceptiveness, Persuasion, Service Orientation
  • Problem Solving Skills: Complex Problem Solving
  • Technical Skills: Operations Analysis, Operation Monitoring
  • System Skills: Judgment and Decision Making, Systems Analysis, Systems Evaluation
  • Resource Management Skills: Time Management, Management of Personnel Resources, Management of Financial Resources

Average Salaries

The salary for an insurance underwriter in Ohio can vary greatly from associate-level positions to managerial-level positions. Junior underwriters typically earn up to $35,000, while an underwriting manager can earn $50,000 to $100,000.

On average, insurance underwriters in Ohio make $69,880 a year, which is 56 percent higher than Ohio’s average private sector annual salary of $49,988.

An underwriter’s salary can depends on education and level of experience, and may vary between employers.

Education Requirements and Advancements

To be an underwriter, a bachelor’s degree is usually required for entry. Advancement as an underwriter requires certification in addition to work experience. Some certifications that are typical for this field include: Chartered Property Casualty Underwriter (CPCU), Chartered Life Underwriter (CLU), Associate in Commercial Underwriting (AU), and Registered Professional Liability Underwriter (RPLU).

Underwriters May Also Be Known As:

Other career names for insurance underwriters and similar jobs may include account underwriter, customer service representative, personal lines underwriter, underwriting director, health underwriter, life underwriter, automobile and property underwriter, commercial underwriter, and commercial lines underwriter.

If being an underwriter interests you, view the full career pathway at insurancecareers.org, and learn about the variety of other careers available in the insurance industry!

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