Insurance underwriters review and evaluate insurance applications to determine insurance risks, insurance premiums and extent of insurance coverage according to company policies.
Review individual and group applications for automobile, fire, health, liability, life, property, marine, aircraft and other insurance
Evaluate new and renewal applications to determine insurance risks, insurance premiums, extent of insurance coverage and other conditions of the insurance contract using medical reports, rate tables and other documents and reference materials; adjust premiums, coverage or risk itself to make acceptance of new and renewal applications possible
Approve sale of insurance policies and ensure compliance with government regulations
Provide recommendations on individual or group insurance plan designs
Provide underwriting advice and answer inquiries from clients and from insurance agents, consultants and other company personnel
Prepare underwriting reports and update insurance forms when necessary.
Insurance underwriters are employed at head and branch offices of insurance companies.
Here are some schools that have programs related to this career: