What is the job description of an Insurance Underwriter? What are the duties and responsibilities of an Insurance Underwriter? What does an Insurance Underwriter do?
Insurance underwriters decide if applications for insurance cover (risks) should be accepted and if so, what the terms of that acceptance are. They assess a risk according to the likelihood of a claim being made by weighing up a number of factors and asking for detailed information from prospective clients (policyholders). The aim is to minimise losses for their company and help to make a profit. Most underwriters specialize in one type of insurance.
Insurance underwriters work closely with actuaries, risk and claims managers to ensure a balance between attracting and retaining customers through competitive insurance premiums (fees) and being able to cover any potential losses from claims.
This Insurance Underwriter job description example includes the list of most important Insurance Underwriter duties and responsibilities as shown below. It can be modified to fit the specific Insurance Underwriter profile you're trying to fill as a recruiter or job seeker.
Insurance Underwriter job description should contain a variety of functions and roles including:
Insurance Underwriter job description should include these common skills and qualifications:
As a hiring manager, recruiting an ideal Insurance Underwriter starts with crafting a good job description. Use this Insurance Underwriter job description template to save yourself time and help you attract the most qualified candidates. Feel free to revise it to meet your specific needs.
Job seekers interviewing for the role of an Insurance Underwriter may also reference it in preparation for the interview.
