Insurance Underwriter

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

O*NET reports this occupation under titles such as: Account Underwriter; Automobile and Property Underwriter; Commercial Lines Underwriter; Health Underwriter; Life Underwriter; Personal Lines Underwriter; Underwriter; Underwriting Consultant

Tasks

• 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.

Knowledge

• English Language
• Customer and Personal Service
• Mathematics
• Sales and Marketing

Skills

• Reading Comprehension
• Active Listening
• Writing
• Critical Thinking
• Speaking
• Active Learning
• Monitoring

Abilities

• Written Comprehension
• Written Expression
• Inductive Reasoning
• Oral Expression
• Oral Comprehension
• Deductive Reasoning
• Problem Sensitivity
• Speech Clarity
• Category Flexibility
• Near Vision
• Speech Recognition
• Information Ordering
• Flexibility of Closure