Insurance underwriters review individual applications for insurance to evaluate degree of risk involved and determine whether to accept applications.
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Print Occupation
- Insurance Underwriters
Finance
What do they typically do
- Examine documents to determine degree of risk related to factors such as an applicant's financial situation and the value and condition of property
- Decrease value of policy when the level of risk doesn't meet standards
- Review company records to determine amount of insurance in force on the basis of a single risk or group of closely related risks
- Evaluate possibility of losses due to catastrophe or excessive insurance
- Write to field representatives, medical personnel, and others to get additional information, quote rates, or explain company underwriting policies
- Authorize reinsurance of policy when risk is high
- Decline excessive risks
Number of Jobs
Average Annual
Job Growth -0.3%
Job Opening 174
Education & Training
- Education Most require a four-year bachelor's degree, but some do not.Associated Programs or MajorsLicense
Private Training Programs
2200
2136
Change -64