Projected Growth: Decline
Projected Job Openings
Considerable Preparation Needed
Your job is to Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
Common job titles of Insurance Underwriters include:
Experience and Education
A considerable amount of work-related skill, knowledge, or experience is needed for this occupation. For example, a person in this occupation must complete four years of college and work for several years in industry to be considered qualified.
70% said they needed a Bachelor's Degree.
10% said they needed a High School Diploma.
Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe, profitable distribution of risks, using reference materials.
Review company records to determine amount of insurance in force on single risk or group of closely related risks.
Evaluate possibility of losses due to catastrophe or excessive insurance.
Decline excessive risks.
Authorize reinsurance of policy when risk is high.
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Understanding written sentences and paragraphs in work related documents.
Communicating effectively in writing as appropriate for the needs of the audience.
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
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.
Talking to others to convey information effectively.
Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Understanding the implications of new information for both current and future problem-solving and decision-making.
Complex Problem Solving
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Being aware of others' reactions and understanding why they react as they do.
Adjusting actions in relation to others' actions.
Actively looking for ways to help people.
Read and understand information and ideas presented in writing.
Cognitive Abilities › Verbal Abilities › Written Comprehension
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Sales and Marketing
Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.