Underwriter

Salary Range for Underwriter in Agencies Brokerages and Other Insurance Related Activities

The salary range for an Underwriter in Agencies Brokerages and Other Insurance Related Activities company is between $50,000 to $120,000 per year.

Sample Job Description for Underwriter in Agencies Brokerages and Other Insurance Related Activities Industry

Job Description:

The Primary Objective Of An Underwriter Is To Evaluate And Analyze Insurance Applications To Determine The Level Of Risk Involved And Whether To Approve Or Deny Coverage. To Do This, Underwriters Review A Variety Of Information Such As The Applicant'S Medical History, Financial Information, And Other Relevant Data.

Job Requirements:

1. Bachelor'S Degree In Business, Finance, Or A Related Field. 2. At Least 3 Years Of Experience In Underwriting. 3. Strong Analytical And Decision-Making Skills. 4. Knowledge Of Insurance Rules And Regulations. 5. Excellent Communication And Interpersonal Skills. 6. Ability To Work Independently And As Part Of A Team. 7. Attention To Detail And Accuracy. 8. Proficiency In Microsoft Office Suite. 9. Ability To Manage Multiple Priorities And Work Under Pressure. 10. Familiarity With Underwriting Software.

Job Responsibilities:

1. Evaluate Insurance Applications And Determine The Level Of Risk Involved. 2. Review And Analyze Relevant Data, Including Medical History, Financial Information, And Other Relevant Data. 3. Determine Whether To Approve Or Deny Coverage Based On Risk Assessment. 4. Communicate With Clients, Agents, And Other Stakeholders To Gather Additional Information. 5. Collaborate With Other Departments, Such As Claims Or Customer Service, To Ensure A Smooth Underwriting Process. 6. Maintain Accurate Records And Documentation. 7. Stay Up-To-Date With Industry Trends And Changes In Regulations. 8. Analyze And Monitor Risk Exposure. 9. Develop And Implement Underwriting Policies And Procedures. 10. Participate In Training And Professional Development Activities.

Top 10 Employers for Underwriter in Agencies Brokerages and Other Insurance Related Activities:

1. Aon, London, UK - www.aon.com 2. Marsh & McLennan, New York, USA - www.marshmclennan.com 3. Zurich Insurance Group, Zurich, Switzerland - www.zurich.com 4. Allianz SE, Munich, Germany - www.allianz.com 5. Willis Towers Watson, London, UK - www.willistowerswatson.com 6. AXA Group, Paris, France - www.axa.com 7. Chubb Limited, Zurich, Switzerland - www.chubb.com 8. Berkshire Hathaway Specialty Insurance, Boston, USA - www.bhspecialty.com 9. Liberty Mutual Insurance, Boston, USA - www.libertymutual.com 10. Travelers, New York, USA - www.travelers.com

Career Path for Underwriter in Agencies Brokerages and Other Insurance Related Activities:

To become an Underwriter in Agencies Brokerages and Other Insurance Related Activities, the following career path is recommended: 1. Insurance Sales Agent - 2 years 2. Underwriting Assistant - 2 years 3. Junior Underwriter - 3 years 4. Senior Underwriter - 5 years 5. Chief Underwriting Officer - 7 years Note: The years mentioned are indicative and may vary based on individual performance and organizational policies.

Top 5 Countries by Underwriter in Agencies Brokerages and Other Insurance Related Activities:

1. United States 2. United Kingdom 3. Germany 4. France 5. Canada

Top 5 Countries with Established Agencies Brokerages and Other Insurance Related Activities:

1. United States 2. United Kingdom 3. Switzerland 4. Germany 5. France