Underwriter

Tasks and duties

• Evaluating financial information and risk factors to determine the suitability of providing insurance coverage.
• Reviewing insurance applications to ensure all questions have been answered and necessary information is collected.
• Working with brokers and clients to rectify potential underwriting issues.
• Assessing and predicting possible risks posed by applicants to an insurance company.
• Calculating possible payouts due to claims and setting appropriate premium rates.
• Monitoring insurance policies to ensure ongoing compliance with underwriting guidelines and regulations.
• Collaborating with actuaries, statisticians and other professionals to determine and review insurance policies.