Insurance Underwriters evaluate the risk of issuing an insurance policy to determine if an insurance company would profit from issuing it. This includes deciding who will be given an insurance policy as well as negotiating what will be covered if it is issued.
Additionally, Insurance Underwriters determine the price of the insurance premium that will be charged to the customer. They must provide a competitive price to their customers while still maintaining a profit for the company.
Insurance Underwriter responsibilities may include:
Insurance Underwriters analyze the risk associated with insuring a person or asset. In order to make a well informed decision, a skilled Insurance Underwriter will:
To gain an entry level position, candidates are typically required to have a Bachelor’s Degree. A degree relevant to this field will be more favorable. In addition, candidates can enroll in training courses to acquire special certifications.START INTERVIEW NOW START INTERVIEW NOW
What kind of experience do you have with insurance operations?
What is your preferred line of insurance to work with?
When have you used Data and Analytics to make an informed decision?
What are the elements of a decision support system?
What would you do if you’re expected to take one stance and an agent wants you to do the opposite?
How familiar are you with data aggregator services?