Underwriter

Underwriters evaluate the risk of insuring a person or asset and decide the terms and conditions of insurance policies. They assess applications, analyse data, and determine whether to approve or reject insurance coverage, ensuring that risks are accurately priced and managed.

Key Responsibilities

  • Risk Assessment: Analyze data to determine the risk associated with an insurance application.
  • Policy Decision: Approve or deny insurance coverage based on the risk evaluation.
  • Premium Calculation: Calculate premiums that accurately reflect the level of risk.
  • Documentation: Prepare and review policy documentation to ensure accuracy and compliance.

Important Skills and Competencies

Opportunities and Career Progression

Underwriters can advance to Senior Underwriter, Underwriting Manager, or Head of Underwriting, with opportunities to specialise in areas such as life insurance, property, or commercial underwriting.

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Decision making

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Related employers

Relevant course providers

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