Insurance Underwriter

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What do they do?

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

Click here to view the full Insurance Underwriter Career Pathway.

Some typical job duties include:

  • Examine documents to determine degree of risk based on applicant’s financial information and value of property.
  • Evaluate possibility of losses due to catastrophe; authorize reinsurance when risk is high and decline excessive risks.
  • Write to field representatives, medical personnel, and others to obtain information, quote rates, or explain underwriting policies.
  • Review company records to determine amount of insurance in force on various risks.

Most Important Occupational Skills:

Basic Skills

  • Reading Comprehension
  • Active Listening
  • Speaking

Technical Skills

  • Operations Analysis
  • Operation Monitoring

Social Skills

  • Social Perceptiveness
  • Coordination
  • Service Orientation
  •  

 Systems Skills

  • Judgment and Decision Making
  • Systems Analysis
  • Systems Evaluation

Problem Solving Skills

  • Complex Problem Solving 

Resource Management Skills

  • Time Management
  • Management of Personnel Resources
  • Management of Financial Resources

Just the Facts

  • Salary range: $20,000-$100,000
  • Education and Professional Requirements: Entree — Bachelor's degree, multiple years of related work experience; Advancement— Bachelor's degree, multiple years of work experience, industry certifications
  • Possible career path: Junior Underwriter > Portfolio Underwriter > Senior Underwriter > Underwriting Manager

Click here to view the complete Insurance Underwriter Career Pathway.