Insurance Underwriter Job Description

Use this Insurance Underwriter job description template to advertise the open roles for free using Longlist.io. You can use this template as a starting point, modify the requirements according the needs of your organization or the client you are hiring for.
Insurance Underwriter

Insurance Underwriter responsibilities

  • Reviewing insurance applications for compliance and adherence
  • Assessing clients’ background information and financial status
  • Liaising with specialists to gather information and opinions

Insurance Underwriter Job Description Template

Job Brief

We are looking for a thorough Insurance Underwriter to determine potential clients’ risk factors and to establish the terms of coverage. The successful candidate must be able to set up rules which will result in securing an average proportion of good risks in order to keep average claims cost low and to enable the company to offer insurance at a lower net cost.

Responsibilities

  • Review insurance applications for compliance and adherence
  • Assess clients’ background information and financial status
  • Liaise with specialists to gather information and opinions
  • Weight loss exposures and determine underwriting alternatives
  • Draw up a quotes for competitive insurance premiums
  • Negotiate and define the specific terms of insurance policies with brokers or policyholders
  • Keep detailed records of policies underwritten and decisions made
  • Balance between mass and homogeneity of risks to achieve predictability of future results
  • Develop and maintain a profitable book of business for the insurer
  • Follow applicable insurance laws

Requirements

  • Proven insurance underwriting experience
  • Hands-on experience with “smart systems”, analytical tools and statistical packages (spreadsheets,SPSS, databases etc)
  • Sensible judgement and attention to detail
  • Confident decision making skills
  • Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures
  • Proven numeracy and statistical skills
  • Insurance diploma or certification
  • BS in Business Administration, Finance or related field

Insurance Underwriter Job Description Examples

Underwriter - New Business/Renewal (Truck) - Remote Position • Aegis Security Insurance

Aegis General Energy, a unit of the Aegis General Insurance Agency, a wholly owned subsidiary of K2 Insurance Services, LLC, is seeking a full-time Underwriter to join its team. This position is remote based out of their Conway, AR office.

Aegis General Insurance Agency, acquired by San Diego-based K2 Insurance Services in 2013, Aegis continues to expand its product offerings and distribution ...

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Life Insurance Underwriter • Aston Carter

Job Description• General given assignments for cases to work through• Order an exam review the application information, then determine the total risk...• Experience looking at prescription history and reviewing medical records• Signing authority - $50k to $60k minimum

Qualifications

Experienced Life Underwriter

Good 2-3 years working in life underwriting assessment

Good experience with ...

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Commercial Lines Underwriter • Frankenmuth Insurance

Summary: Under limited supervision and with independent judgment, review insurance applications to evaluate each risk to determine acceptability, coverage, and pricing by performing the following duties.

Essential Duties and Responsibilities...• Review and evaluate insurance applications, renewals and endorsements within defined authority, approve, modify or decline risks.• Determine and aut...

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Underwriter II • American National Family of Companies

American National is an established, stable, and successful multi-line insurance corporation that has provided financial strength and a sense of security to employees, customers and business partners since 1905. We’ve been recognized by Forbes as one of America’s most trustworthy financial companies and best mid-sized employers. With focus on our organization’s values and cultural richness... F...

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