Get All India Board Examination Results 2019

Insurance Underwriters

If you have inclination towards finances and numeracy; want vibrant role within insurance sector Underwriting may be right career choice for you. There are a number of fields an insurance underwriter can specialize: life, health, mortgage, and property and casualty. Within the broad field of property and casualty, underwriters may specialize even further into commercial (business insurance) or personal insurance. They may also specialize by the type of policy, such as insuring automobiles, boats (marine insurance), or homes (homeowners’ insurance).

Role of Insurance Underwriters

  • Analyze information in insurance applications
  • Determine the risk of insuring a client
  • Screen applicants on the basis of set criteria
  • Evaluate recommendations from underwriting software
  • Decide whether to offer insurance
  • Determine appropriate premiums and amounts of coverage
  • Write policies to cover potential loss

Skills of Insurance Underwriters

Analytical skills:  Underwriters must be able to evaluate information and solve complex problems.

Decision-making skills: Underwriters must have the ability to consider the costs and benefits of various decisions and to choose the appropriate one.

Detail oriented: Underwriters must pay attention to detail.

Interpersonal skills: Underwriters need good communication and interpersonal skills as they deal with other people.

Technical skills: Underwriters must be comfortable working with computers and making mathematical calculations.

Scope of Insurance Underwriters in India

In India the scope is limited but those who work as Insurance underwriters work as Underwriter, Account Underwriter, Customer Service Representative, Underwriting Director, Health Underwriter, Life Underwriter, Commercial Lines Underwriter, Commercial Underwriter.


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