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Insurance Underwriter Career Guide

Insurance Underwriter Career Ratings

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Job Profiles

Real-Life Insurance Underwriter Job Profiles

Below is a list of links to anonymous job profiles of REAL PEOPLE who have filled out our survey and offered to share their insights with our users about their job in the Insurance Underwriter field.
IDJob TitleGenderAgeEarningsCity & StateDate
33387UnderwriterFemale34 $115,000schaumburg, IL01/01/2010
33136Assistant UnderwriterFemale33 $34,000OKlahoma City, OK01/01/2010
32457SVP, Business Systems/Application Support Team LeaderMale43 None SetSEATTLE, NY01/01/2010

Overview

When approving an insurance policy, an insurance company has effectively taken the risk on behalf of the policyholder. That in the case of accidents or other acts of nature, given that it is stipulated in the policy, the insurance provider will cover for potential losses. Prior to granting coverage to a policyholder, risks are determined and gauged.

An insurance underwriter?s job is to assess the risks associated with insuring a person or property and approve or reject applications based on the risks involved. They evaluate insurance applications, analyze, and process this information using computer software to determine the recommended coverage amount and premium. Insurance underwriters are essentially the risk-takers of insurance companies as they decide whether to grant insurance or not.

Insurance underwriters work in an office and may sometimes travel to assess properties. A bachelor?s degree is not required for the job but is usually preferred by employers, particularly those with a background in business and finance. Training programs including classroom instruction is provided by employers. There are many certification options for insurance underwriters. Often these certifications are necessary for advancement to a higher underwriter position.

Keenness to detail and the ability to interpret and analyze numerical information for decision-making are vital qualities of a good insurance underwriter. If you have a head for numbers and with good communication skills, then this career might be right for you!


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