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Insurance Underwriters Job Description & Jobs
Job Title: Insurance Underwriters
RIASEC Career Code:
C-E-I
SOC:
13-2053.00
Job Description for:"Insurance Underwriters"
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
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Job Tasks for:
"Insurance Underwriters"
Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.
Decline excessive risks.
Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies.
Evaluate possibility of losses due to catastrophe or excessive insurance.
Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe profitable distribution of risks, using reference materials.
Review company records to determine amount of insurance in force on single risk or group of closely related risks.
Authorize reinsurance of policy when risk is high.
Knowledge Requirements for:
"Insurance Underwriters"
Customer and Personal Service -- Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
English Language -- Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Clerical -- Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
Mathematics -- Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
See the education requirements for Insurance Underwriters
Skill Requirements for:
"Insurance Underwriters"
Active Listening -- Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Critical Thinking -- Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Reading Comprehension -- Understanding written sentences and paragraphs in work related documents.
Writing -- Communicating effectively in writing as appropriate for the needs of the audience.
Speaking -- Talking to others to convey information effectively.
Active Learning -- Understanding the implications of new information for both current and future problem-solving and decision-making.
Judgment and Decision Making -- Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Time Management -- Managing one's own time and the time of others.
Complex Problem Solving -- Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Service Orientation -- Actively looking for ways to help people.
Ability Requirements for:
"Insurance Underwriters"
Written Comprehension -- The ability to read and understand information and ideas presented in writing.
Inductive Reasoning -- The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Deductive Reasoning -- The ability to apply general rules to specific problems to produce answers that make sense.
Near Vision -- The ability to see details at close range (within a few feet of the observer).
Speech Recognition -- The ability to identify and understand the speech of another person.
Problem Sensitivity -- The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
Oral Expression -- The ability to communicate information and ideas in speaking so others will understand.
Oral Comprehension -- The ability to listen to and understand information and ideas presented through spoken words and sentences.
Information Ordering -- The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
Speech Clarity -- The ability to speak clearly so others can understand you.
"Insurance Underwriters" Job Activities
Getting Information -- Observing, receiving, and otherwise obtaining information from all relevant sources.
Interacting With Computers -- Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
Making Decisions and Solving Problems -- Analyzing information and evaluating results to choose the best solution and solve problems.
Communicating with Persons Outside Organization -- Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
Establishing and Maintaining Interpersonal Relationships -- Developing constructive and cooperative working relationships with others, and maintaining them over time.
Communicating with Supervisors, Peers, or Subordinates -- Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
Analyzing Data or Information -- Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
Processing Information -- Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
Evaluating Information to Determine Compliance with Standards -- Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
Updating and Using Relevant Knowledge -- Keeping up-to-date technically and applying new knowledge to your job.
Job Description for: "Insurance Underwriters"
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