Insurance Underwriters

what are insurance underwriters

Career, Salary and Education Information

Top 3 insurance underwriter Jobs

Entry Level Chemical Technician   Sun Innovations Inc, ( ), a silicon valley high tech company, is seeking a…

Follow up with underwriters on submissions and negotiate premium

Conducts surveys of potential and current policyholders operations to

Job Description is staffing for Part-Time and Full-Time Insurance Underwriters. We areseeking individuals who will build relationships with

…Job Functions* Respond promptly to all requests from brokerage team, underwriters or retailers regarding account servicing issues. * Interact regularly with

…looking for enthusiastic, dedicated individuals to be trained as Entry-level Life Underwriters within our Individual Life Insurance business. Becoming an Individual

What They Do [About this section ] [To Top ]

Insurance underwriters decide whether to provide insurance and under what terms. They evaluate insurance applications and determine coverage amounts and premiums.


Insurance underwriters typically do the following:

  • 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
  • Contact field representatives, medical personnel, and others to obtain further information
  • Decide whether to offer insurance
  • Determine appropriate premiums and amounts of coverage

Underwriters are the main link between an insurance company and an insurance agent. Insurance underwriters use computer software programs to determine whether to approve an applicant. They take specific information about a client and enter it into a program. The program then provides recommendations on coverage and premiums. Underwriters evaluate these recommendations and

decide whether to approve or reject the application. If a decision is difficult, they may consult additional sources, such as medical documents and credit scores.

Underwriters analyze the risk factors on an application. For instance, if an applicant reports a previous bankruptcy, the underwriter must determine whether this is relevant for the current policy. They would consider how far in the past this occurred, and how the applicant’s financial situation has changed since the applicant filed for bankruptcy.

Insurance underwriters must achieve a balance between risky and cautious decisions. If underwriters allow too much risk, the insurance company will pay out too many claims. But if they don't approve enough applications, the company will not make enough money from premiums.

Most insurance underwriters specialize in one of three broad fields: life, health, and property and casualty. Although job duties are similar, the criteria that underwriters use vary. For example, for someone seeking life insurance, underwriters consider age and financial history. For someone applying for car insurance (a form of property and casualty insurance), underwriters consider the person's driving record.

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).

Work Environment [About this section ] [To Top ]

Insurance underwriters held about 106,300 jobs in 2012. They work indoors in offices. Some property and casualty underwriters may visit properties to assess them in person. The following industries employed the most insurance underwriters in 2012:


Category: Insurance

Similar articles: