Key responsibilities:
- Reviewing insurance applications and background information.
- Analyzing risk factors such as age, medical history, and driving records.
- Setting appropriate coverage limits and premium amounts.
- Working with brokers or agents to adjust policy details.
- Using specialized software to assess risk and make decisions.
How to become an underwriter:
A bachelor’s degree in finance, economics, or a related field is often required, along with training in underwriting software and procedures.
Key skills:
- Analytical thinking and decision-making abilities.
- Strong understanding of risk management.
- Excellent numerical and data analysis skills.
- Communication and collaboration skills.
