Occupation: Insurance Underwriters
Insurance Underwriters
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
Reported Job Titles (8)
- Account Underwriter
- Automobile and Property Underwriter
- Commercial Lines Underwriter
- Health Underwriter
- Life Underwriter
- Personal Lines Underwriter
- Underwriter
- Underwriting Consultant
Core Tasks (7)
- 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.