Underwriters are people who write insurance policies.
An underwriter is a person who insures businesses or individuals, also called the underwriting department.
The underwriters at an insurance company are responsible for evaluating the risk involved in various insurance policies.
Typically, the underwriter will decide whether or not to approve a policy application.
Insurance companies should select underwriters who possess the necessary insurance and business experience to assess the risk involved in each proposed policy.
Underwriters also have a vital role in setting premiums, or the charges insurers charge consumers for coverage.
The premium is the amount of money an insurance company charges for insuring a specific risk.

Underwriter Job Description

Job Brief:
We're looking for an Underwriter to come on board and help us with our insurance needs. We need someone who is knowledgeable in the industry and can help us get the best coverage for our needs.
Underwriter Duties:
- Underwrite requests for proposals, review and analyze bids/opportunities, and negotiate pricing, terms and conditions
- Work with business owners and clients to determine project requirements, specifications and budgets
- Provide client advice on policy coverage, limits and deductibles
- Manage the underwriting process from initial contract through final closing
- Position the company as viable and competitive in the marketplace
Underwriter Responsibilities:
- Provide assistance with evaluating and structuring credit or insurance proposals, and recommending financial products and services for the bank
- Apply knowledge of market rates, underwriting guidelines, and regulatory requirements
- Maintain files and records, prepare reports, and handle correspondence
- Engage with customers to provide service, answer questions, and resolve problems
- Perform ongoing market research and data analysis
- Provide training and support for bank staff
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Requirements And Skills:
- 5 year experience in the insurance industry
- Bachelor’s degree from an accredited college or university
- Experience in underwriting all lines of personal insurance
- Knowledge of underwriting guidelines of the Insurance Services Office (ISO) as well as national insurance carriers
At [Company Name], we believe that a diversity of perspectives creates a stronger team. We are committed to building an inclusive environment where people of all races, religions, national origins, genders, and ages can feel welcome and valued. We encourage applications from all qualified individuals, including veterans and those with different abilities.
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