What do Insurance Underwriters do?

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

  • Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe profitable distribution of risks, using reference materials.
  • Decline excessive risks.
  • Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies.
  • Review company records to determine amount of insurance in force on single risk or group of closely related risks.
  • Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.
  • Authorize reinsurance of policy when risk is high.
  • Evaluate possibility of losses due to catastrophe or excessive insurance.

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Necessary Skills

  • Active Listening
  • Reading Comprehension
  • Judgment and Decision Making
  • Writing
  • Speaking
  • Critical Thinking

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