Insurance Underwriter Resume Examples

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.

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.

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.

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

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.

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

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.

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

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.