Insurance Underwriters

About the Role

Insurance underwriters assess risks and determine the terms and pricing of insurance policies.

Other Common Titles

  • Risk Assessor
  • Underwriting Specialist
  • Insurance Analyst
  • Underwriting Manager
  • Senior Underwriter

Typical Tasks

  • Evaluate insurance applications and assess risks
  • Determine policy terms and premiums based on risk assessments
  • Review client data and supporting documents for accuracy
  • Consult with other professionals, such as actuaries and claims adjusters, to gather additional insights
  • Stay updated on insurance regulations and market trends
  • Negotiate terms with agents and clients when necessary
  • Create reports on underwriting activities and decisions
  • Monitor ongoing risks and adjust policies as needed

Notable People

  • M. J. Gresham Pioneer in developing new underwriting processes that improved efficiency in risk assessment.
  • Helen M. Dyer Known for her contributions to underwriting standards and education in the insurance field.

Recommended Resources

  • Insurance Underwriting: A Guide to the Underwriting Process

    A comprehensive guide that covers the fundamentals of the underwriting process and best practices.

  • The Underwriting Podcast

    A podcast discussing current trends and insights in the insurance underwriting profession.

  • Insurance Journal

    An online source for news and analysis in the insurance industry, including trends impacting underwriting.