Insurance Underwriter

The Insurance Underwriter assumes risk for individuals and businesses and calculates their potential losses and charges appropriate premiums to cover them. He/She decides whether insurance will be provided and under what terms.

Key Responsibilities

  • Examines insurance proposals
  • Collects background information and assessments of risk
  • Analyzes statistical data using specialist computer programs
  • Writes quotes and negotiating the terms with brokers and clients
  • Determines premiums
  • Writes policies and help with policy wording
  • Keeps detailed and accurate records of policies underwritten and decisions made.
  • Specifies conditions to be imposed on different types of policies
  • Negotiates terms with policyholders or their brokers and draw up contracts

Job Requirements/Qualifications:

  • Bachelors’ degree in business, finance, economics, and mathematics
  • Thorough knowledge of databases and tracking systems
  • Certified trained Insurance underwriter
  • Certification for Insurance Underwriting

Skills needed for this role

The Insurance Underwriter must have the ability to make sound decisions and have strong analytical skills. He/She must have detail-oriented work style, strong computer skills, and business knowledge. Having Effective written and verbal communication skills are essential for this role.

Career Level

1-4 Years Experienced Employee

Job Specializations

Finance