Insurance Underwriter

What do they do?

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

Examine documents to determine the degree of risk based on the applicant’s financial information and the value of property.
Evaluate the 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 the amount of insurance in force on various risks.

Basic Skills
Active Listening
Speaking
Reading Comprehension

Technical Skills
Operations Analysis
Operations Monitoring

Social Skills
Social Perceptiveness
Coordination
Service Orientation

Systems Skills
Judgment and Decision Making
Systems Analysis
System Evaluation

Problem Solving Skills
Complex Problem Solving

Resource Management Skills
Time Management
Management of Personnel Resources
Management of Financial Resources

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