Insurance Underwriters
Also called: Account Underwriter, Underwriter, Underwriting Director, Underwriting Manager,
What they do:
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.On the job, you would:
- Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
- Decline excessive risks.
- Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
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What they do:
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.On the job, you would:
- Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
- Decline excessive risks.
- Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
KNOWLEDGE
Arts and Humanities
- English language
Business
- customer service
- sales and marketing
Math and Science
- arithmetic, algebra, geometry, calculus, or statistics
SKILLS
Basic Skills
- listening to others, not interrupting, and asking good questions
- reading work related information
Problem Solving
- noticing a problem and figuring out the best way to solve it
People and Technology Systems
- thinking about the pros and cons of different options and picking the best one
ABILITIES
Verbal
- read and understand what is written
- communicate by writing
Ideas and Logic
- make general rules or come up with answers from lots of detailed information
- use rules to solve problems
PERSONALITY
People interested in this work like activities that include data, detail, and regular routines.
They do well at jobs that need:
- Integrity
- Attention to Detail
- Analytical Thinking
- Dependability
- Achievement/Effort
- Cooperation
TECHNOLOGY
You might use software like this on the job:
Financial analysis software
- RGA Facultative Application Console
- Valen Technologies Risk Manager
Enterprise resource planning ERP software
- Anodas Software Limited Phoenix
- Consilience Software Maven Insurance Automation Suite
Spreadsheet software
- Microsoft Excel
EDUCATION
- bachelor's degree
JOB OUTLOOK
New job opportunities are less likely in the future.
$70,020
$42,360
$124,320