- Featured in:
-
High Quality
The best examples from thousands of real-world resumes
Expert Approved
Handpicked by resume experts based on rigorous standards
Diverse Examples
Tailored for various backgrounds and experience levels
Insurance Underwriter Resume Samples
No results found
Candidate Info
years in workforce
months at this job
Biology
Commercial Insurance Underwriter Trainee
Developed and maintained a high level of knowledge regarding products, services and operations of the company.
- Managed a $12 million Insurance program that consisted of researching and analyzing risks throughout the U.S. for the purpose of underwriting an insurance policy.
- Cultivated relationships with company clients through frequent meetings and discussions.
- Collaborated with peers to develop insurance prospecting initiatives in the local company branch that resulted in exceeding the yearly new business premium goal.
- Provided guidance and interpreted insurance material to brokers to help ensure their understanding of the company requirements regarding new insurance policies.
- Ensured the company was in compliance of all insurance regulations.
Candidate Info
years in workforce
years at this job
Business Management
Life Insurance Underwriter
Provided consistent underwriting/consulting expertise for one of the principal life insurance companies in the world.
- Performed underwriting for all life insurance applications for both term and permanent products.
- Provided professional insurance consulting to life insurance producers/agencies and vendors.
- Interpreted EKG results with unlimited face amount approval authority limits.
- Successfully processed 20-30 applications on a daily basis.
- Authorized life insurance approvals with limits up to 1 million dollars for ages 0-70 and all substandard cases.
- Led team building, cases studies and training exercises through monthly presentations.
Candidate Info
years in workforce
years at this job
Business Administration
Medical Esthetics
Commercial Insurance Underwriter
Quoted, bound and issued insurance policies for new and existing agents while providing prompt customer service.
- Trained most recent department new hire and provided mentoring & guidance to junior department members.
- Completed two designations - AU, Associate in Commercial Underwriting and AINS, Associate in General Insurance.
- Conducted sales visits with contracted agents.
Candidate Info
years in workforce
years at this job
Actuarial Science & Insurance
Insurance Underwriter
Applied rating to ensure safe profitable distribution of risks after thorough risk assessment
- Prepared insurance documents (policy documents, certificates, endorsements, schedule, invoice, etc)
- Ascertained that all file documentation complies with underwriting and authority level standards, and passes all audits
- Reviewed new and renewal business requests in order to determine insurability based on corporate guidelines and standards
- Responsible for authorizing reinsurance of policy when the risk is high or declining excessive risks
- Determined liability and documented the claim file with the data obtained from interviews with persons associated with the claim, accident report form, recorded statements, and police reports
- Opened, closed and adjusted reserves in accordance with company practices designed to ensure reserve adequacy and accurately paid claims based on policy provisions.
- Performed onsite inspections to negotiate repair estimates and identify potential fraud issues
- Supported on personal/commercial losses for field investigations and reviewed work performed by vendors
Candidate Info
years in workforce
years at this job
Medical Billing And Coding
Insurance Underwriter
Reviewed individual applications for automobile and other types of insurance needs.
- Evaluated new and renewal applications to determine insurance risks and premiums.
- Provided recommendations on individual or group insurance plans.
- Prepared underwriting reports and updated insurance forms.
Candidate Info
years in workforce
years at this job
Sociology/social Welfare
Impaired Risk Life Insurance Underwriter
Reviewed cases, assessed the medical risk and submitted cases to appropriate life insurance companies
- Coordinated large case underwriting
- Fostered relationships and maintained excellent communication with insurance agents and home office underwriters and staff
- Acted as Education Coordinator for the underwriting staff
- Presenter at the HOLUA conference in Spring 1996
Candidate Info
years in workforce
years at this job
Associate of Applied Science
Health Services Administration
Medical Risk Consultants
Life Insurance Underwriter, Ordinary Operations Department
Provided highly specialized operations support to the International Department through the daily review and underwriting of prospective life, disability, accidental death & dismemberment and dread disease new as well as existing business.
- Analyzed and classified risks from the medical, non-medical and financial aspects.
- Communicated with managing general agents, field agents, policyholders, inspectors, physicians,
- Updated life insurance forms and translated important business documents daily.
- Assisted in problem solving as member of a Quality Assurance Advisory Team.
- Acted as a liaison to the Brazilian market.
- Provided recommendations for overall departmental operations streamlining and improvement.
- Trained new and existing agents on underwriting standards through seminars.
Candidate Info
year in workforce
year at this job
International Business
Juris Doctor
Commercial Lines Insurance Underwriter
- Assessed applicants for commercial insurance risk
- Negotiated with insurance agents to develop and retain both new and current accounts
- Increased territory to 7 independent agencies, 950+ accounts, a $5M premium book of business and achieved a 10% positive loss ratio
Candidate Info
years in workforce
years at this job
Economics, Italian
Personal Lines Insurance Underwriter II
- Responsible for underwriting a complex personal lines book of $28 million primarily covering exposure in the Northeastern part of the US for selected National brokers.
- Underwrote risk throughout the US with exposure located in CA, FL, GA, NJ, NY and TX and applying company's current CAT management strategies in regards to earthquake, brush and windstorm.
- Reviewed corporate financial data and participated in audits.
- Responsible for profitability and growth through properly classifying and pricing risk, managing loss frequency, risk acceptance and renewal retention, developing and implementing action plans as appropriate.
- Participated in Corporate "Accelerated Career Track" seminar for emerging leaders to expand personal and business skills and increase business impact and value.
- Acted as mentor for Underwriter Trainees and trained them on underwriting philosophy and complicated insurance concepts to evaluate risks.
Insurance Underwriter Resume Success Stories
Insurance Underwriter Duties and Responsibilities
The daily duties performed by insurance underwriters greatly vary depending on the size of the business, the policies they issue, and the number of insurance applications they process and assess. However, these core duties are common at most insurance and title companies:
Evaluate Applications Insurance underwriters evaluate insurance applications and ultimately determine whether to approve or deny policy requests based on their findings.
Analyze Credit History Insurance underwriters analyze an applicant's credit history to determine the likelihood of on-time payments and the risk of default.
Review Requests Insurance underwriters review requests for policy cancellations, renewals, and other policy changes.
Request Additional Information When necessary, insurance underwriters request additional information beyond the application to ensure thorough and accurate evaluations.
Prepare Insurance Documents Insurance underwriters prepare all insurance policy documents to be signed by applicants and shared among other departments within the company.
Determine Coverage Amounts Insurance underwriters determine the amount of insurance coverage applicants qualify for, the premium amount, and the terms of payment.
Insurance Underwriter Skills and Qualifications
Insurance underwriters are professionals who use analytical thinking to determine the viability of insurance applications and the terms of these agreements. Insurance and title companies hire candidates only if they have the following essential skills:- Communication skills - insurance underwriters use excellent verbal and written communication skills to interview applicants and review various documents
- Analytical thinking - strong analytical skills are needed to make policy determinations and ultimately approve or deny applications based on credit history and other financial factors
- Computer skills - some computer skills are essential for insurance underwriters, as many companies use software programs and digital systems to process and store applications
- Time management - insurance underwriters use time management skills to meet deadlines and work within a fast-paced environment
- Mathematics - insurance underwriters analyze detailed financial information and credit histories to make a final determination regarding the terms of insurance policies, which requires good math skills
- Multitasking - insurance underwriters multitask to handle multiple applications and perform several responsibilities at once
Insurance Underwriter Education and Training
At minimum, insurance underwriters need a high school diploma or equivalent to pursue this career path. However, a majority of employers require their insurance underwriters to have a bachelor's degree in finance, business, accounting, or a related field of study. Some companies additionally look for candidates who have previous experience in the insurance industry, though this is not always required. Some training is provided by employers, though the length of this period varies by company and the amount of education and past experience a candidate already has. While in training, insurance underwriters work closely with a senior member of the underwriting team until they're ready to assume job tasks on their own.Insurance Underwriter Salary and Outlook
Data from the Bureau of Labor Statistics (BLS) shows that insurance underwriters earn a median annual salary of $69,760, or $33.54 per hour. The BLS expects employment opportunities in this field will decline 5 percent through 2026. Full-time insurance underwriters receive comprehensive benefits packages that typically include medical coverage with dental and vision insurance. Life insurance, retirement options, and paid vacation days are typically offered in these packages. Some companies may also provide monetary bonuses to insurance underwriters who successfully process large policies.Helpful Resources
Find out how to pursue a career as an insurance underwriter and learn the tricks of the trade using these books and websites offering job strategies, techniques, and helpful advice:
Insurance Underwriter RED-HOT Career Guide - this book contains thousands of likely interview questions and great answers for insurance underwriters who want to land the job and impress employers
Group Underwriters Association of America - search for professional conferences and browse resources for insurance underwriters at this website
Commercial Liability Insurance and Risk Management - learn more about commercial liability insurance and risk management with this book
International Risk Management Institute - find continuing education resources, upcoming conferences, and certification programs for insurance underwriters and other risk management professionals at the IRMI website
Property/Casualty Insurance: A Basic Guide - this basic guide for insurance underwriters is written in simple, straightforward language with easy-to-follow tips and outlines of basic concepts. The text also contains a glossary of common industry terms
National Association of Insurance and Financial Advisors - visit this website to explore job openings, browse professional development resources, learn about upcoming events, and stay up to date on news for insurance professionals of all types