Insurance Underwriters

Insurance Underwriters typically perform the following tasks: • Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property. • 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. • Review company records to determine amount of insurance in force on single risk or group of closely related risks. • 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. • Authorize reinsurance of policy when risk is high. • Answer agents' questions about insurance coverage.