Insurance Underwriter Job Description

Insurance Underwriter Job Description (JD)

  • 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