Underwriter

Underwriters assess the risks involved in providing insurance to individuals and businesses. They analyze financial data, credit reports, and other relevant information to determine the likelihood of a claim being filed. Underwriters also set premiums and may decline coverage for high-risk applicants.

Salary Range

with 5 years of experience

💵

$65K - $100K

per year

Benefits and Perks

Explore the typical benefits you might find in this field

🏥

Health Insurance Discount

🚶

Ease Back to Work

🚘

Travel Reimbursement

⏰

Flexible Work

🩺

Health Insurance

Length of Training

How many years of training are required to be a Underwriter?

⏳

years of training

What's it like to be a Underwriter?

Underwriters work in a fast-paced environment, often under tight deadlines. They must be able to multitask and prioritize their work effectively. Strong analytical and problem-solving skills are essential, as underwriters must be able to digest complex information and make sound decisions.

Key Aspects of the Job

Analyzing financial data and credit reports
Calculating premiums and setting coverage limits
Communicating with clients and agents
Staying up-to-date on industry regulations and trends

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How to enter the job?

There are several ways to enter the field of underwriting, but the most common path is to obtain a bachelor's degree in a related field, such as finance, accounting, or risk management. Many employers also prefer candidates who have a professional designation, such as the Chartered Property Casualty Underwriter (CPCU) or the Associate in Underwriting (AU).

Educational Requirements

A bachelor's degree in finance, accounting, or risk management
A professional designation, such as the Chartered Property Casualty Underwriter (CPCU) or the Associate in Underwriting (AU)