Insurance Underwriters

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

Median Annual Wage: $64,220

Education: Bachelor's degree (81%); Associate's degree (12%); High school diploma or equivalent (4%)

Projected Growth: Decline (-3% or lower)

Related Job Titles: Underwriter; Account Underwriter; Customer Service Representative; Personal Lines Underwriter; Underwriting Director; Health Underwriter; Life Underwriter; Automobile and Property Underwriter; Commercial Lines Underwriter; Commercial Underwriter

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Source: O*NET OnLine information for Insurance Underwriters.

More Business and Financial Operations Careers

  • Decline excessive risks.
  • Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies.
  • Review company records to determine amount of insurance in force on single risk or group of closely related risks.
  • Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.
  • Authorize reinsurance of policy when risk is high.
  • Evaluate possibility of losses due to catastrophe or excessive insurance.

Source: O*NET OnLine information 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.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
  • Speaking - Talking to others to convey information effectively.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Time Management - Managing one's own time and the time of others.
  • Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
  • Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.

Source: O*NET OnLine information for Insurance Underwriters.

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