Insurance Underwriters

What the work involves

• 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.
• 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.
• Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.

What to study

The fields of study the Department of Education links to this occupation, most widely taught first.

• InsuranceSee 60 colleges that teach it
• Business Administration, Management and OperationsSee 1,587 colleges that teach it
• Finance and Financial Management ServicesSee 765 colleges that teach it
• Management Sciences and Quantitative MethodsSee 365 colleges that teach it

Who it suits

O*NET scores every occupation on six interest dimensions. This one leans hardest on these three.

• Organised and precise

• Leading and persuading

• Analytical and curious

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