Insurance Underwriter

Also called: Account Underwriter, Automobile and Property Underwriter, Bond Underwriter, Commercial Lines Underwriter, Commercial Underwriter

$80,390

estimated salary

Insurance underwriters review individual applications for insurance to evaluate the degree of risk involved and determine acceptance of applications.

  • 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.
  • Evaluate possibility of losses due to catastrophe or excessive insurance.
  • Review company records to determine amount of insurance in force on single risk or group of closely related risks.
  • 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.
  • Authorize reinsurance of policy when risk is high.
Work Context
  • Electronic Mail — 100% responded "Every day".
  • Spend Time Sitting — 94% responded "Continually or almost continually".
  • Telephone — 90% responded "Every day".
  • Time Pressure — 60% responded "Every day".
  • Indoors, Environmentally Controlled — 87% responded "Every day".
  • Contact With Others — 64% responded "Constant contact with others".
  • Face-to-Face Discussions — 63% responded "Every day".
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Work Activities
  • Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Making Decisions and Solving Problems — Analyzing information and evaluating results to choose the best solution and solve problems.
  • Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
  • Interacting With Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.
  • Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
  • Communicating with Persons Outside Organization — Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
  • Organizing, Planning, and Prioritizing Work — Developing specific goals and plans to prioritize, organize, and accomplish your work.
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Detailed Work Activities
  • Authorize financial actions.
  • Explain regulations, policies, or procedures.
  • Assess risks to business operations.
  • Authorize financial actions.
  • Verify accuracy of records.
  • Authorize financial actions.
  • Assess financial status of clients.
  • Analyze health-related data.
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