Explore by Career/Business and Financial Operations
Insurance Underwriters
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
- Median pay
- $79,880
- per year
- 10-year outlook
- -2.6%
- Declining
- Typical entry
- Bachelor's degree
Key skills
- Reading Comprehension
- Active Listening
- Writing
- Critical Thinking
- Speaking
- Judgment and Decision Making
- Active Learning
- Complex Problem Solving
What they do
- Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
- Decline excessive risks.
- Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
- Evaluate possibility of losses due to catastrophe or excessive insurance.
- Review company records to determine amount of insurance in force on single risk or group of closely related risks.
- 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.
- Authorize reinsurance of policy when risk is high.
Majors that lead here
No mapped majors yet.
Sources: U.S. Bureau of Labor Statistics (OEWS, Employment Projections) and O*NET, used under CC BY 4.0.