What does an Insurance Underwriter do?

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

Jobs Roles

  • Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.
  • Decline excessive risks.
  • Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies.
  • Evaluate possibility of losses due to catastrophe or excessive insurance.
  • 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.
  • Authorize reinsurance of policy when risk is high.
Short-term Insurance Commercial Underwriter at SmoltRecruitment in Cape Town 5 days ago
Short Term Insurance Commercial Underwriter a Bee Position at Eastern Personnel Consultants in Pretoria 1 week ago
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Short Term Insurance Commercial Underwriter Bee Position at Eastern Personnel Consultants in Centurion 1 week ago
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Insurance Underwriter at Gumtree.co.za in Pretoria 1 week ago
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Short Term Insurance Commercial Underwriter at Eastern Personnel Consultants in Centurion 1 week ago
COMMERCIAL UNDERWRITER TEAM LEADER - Short Term Insurance at Eastern Personnel Consultants in Other 1 week ago