Insurance Underwriters
Also called: Underwriter, Account Underwriter, Customer Service Representative, Personal Lines Underwriter
What they do:
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
On the job, you would:
- 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.
Knowledge
Health
- medicine and dentistry
Arts and Humanities
- English language
Business
- customer service
- administrative services
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
- figuring out how a system should work and how changes in the future will affect it
Abilities
Verbal
- read and understand what is written
- listen and understand what people say
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.
data, detail, and regular routines.
They do well at jobs that need:
- Attention to Detail
- Integrity
- Dependability
- Analytical Thinking
- Self Control
- Cooperation
Technology
You might use software like this on the job:
Enterprise resource planning ERP software
- Anodas Software Limited Phoenix
- Consilience Software Maven Insurance Automation Suite
Financial analysis software
- Fiserv Advanced Underwriting
- LabOne NET
Spreadsheet software
- Microsoft Excel
Education
![Education: (rated 4 of 5)](https://webarchive.library.unt.edu/web/20120921093601im_/http://www.mynextmove.org/image/hi_ed4.png)
bachelor's degree or
associate's degree
usually needed
associate's degree
usually needed
Job Outlook
![Below Average Outlook](https://webarchive.library.unt.edu/web/20120921093601im_/http://www.mynextmove.org/image/outlook2.png)
New job opportunities are less likely in the future.
![Salary](https://webarchive.library.unt.edu/web/20120921093601im_/http://www.mynextmove.org/image/hi_sal.png)
$60,830
per year, on average
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