Insurance Underwriters

Course Advisor, Inc.; United States; On-site; USD 60,000 - 80,000; Full time

Job summary

Course Advisor is looking for an Insurance Underwriter to evaluate individual applications for insurance, review factors such as health and financial standing, and determine the acceptance of applications. Key responsibilities include authorizing reinsurance, adjusting policy values as needed, and declining excessive risks. Candidates should possess strong active listening, writing, and critical thinking skills, along with familiarity with tools like Microsoft Office and LexisNexis.

Responsibilities

• Authorize reinsurance of policy when risk is high.
• Decrease value of policy when risk is substandard.
• Review company records to determine insurance in force.
• Examine documents to assess risk factors.
• Evaluate possibility of losses from excessive insurance.
• Decline excessive risks.

Skills

Active Listening

Writing

Reading Comprehension

Critical Thinking

Speaking

Judgment and Decision Making

Tools

Microsoft Excel

Microsoft Word

Microsoft Office

Microsoft PowerPoint

Web browser software

Word processing software

Spreadsheet software

Database software

LexisNexis

Delphi Technology

C++

Fannie Mae Desktop Underwriter

Job description

Insurance Underwriter

Life As an Insurance Underwriter

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

Insurance Underwriter Responsibilities

• Authorize reinsurance of policy when risk is high.
• 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.
• 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 factors such as applicant health, financial standing and value, and condition of property.
• Evaluate possibility of losses due to catastrophe or excessive insurance.
• Decline excessive risks.

Skills Needed to be an Insurance Underwriter

• Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Writing: Communicating effectively in writing as appropriate for the needs of the audience.
• Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
• Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Speaking: Talking to others to convey information effectively.
• Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Related Job Titles

• Underwriting Account Representative
• Underwriting Director
• Commercial Lines Underwriter
• Underwriting Consultant
• Underwriting Manager

Tools & Technology

• Microsoft Excel
• Microsoft Word
• Microsoft Office
• Microsoft PowerPoint
• Web browser software
• Word processing software
• Spreadsheet software
• Database software
• LexisNexis
• Delphi Technology
• C++
• Fannie Mae Desktop Underwriter