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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.

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
  • Delphi Technology Hot Technology
  • RGA Facultative Application Console
Enterprise resource planning ERP software Hot Technology
  • Anodas Software Limited Phoenix
  • Consilience Software Maven Insurance Automation Suite
Spreadsheet software
  • Microsoft Excel Hot Technology

Education

Education: (rated 4 of 5)
bachelor's degree
usually needed

Get started on your career:

Find Training Find Certifications Find Licenses Apprenticeship.gov

Job Outlook

Below Average Outlook
New job opportunities are less likely in the future.
Salary
$69,760
$41,800
$123,660
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Explore More

See more details at O*NET OnLine about insurance underwriters.