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Insurance Underwriters

Insurance underwriters identify and measure the risks associated with an activity, determine whether this risk is insurable and issue insurance polices which provide financial compensation in the event of loss.

Average Salary

£34,291

New workers start around £21,379. Normal pay is £34,291 per year. Highly experienced workers can earn up to £62,022.

Jobs

26,077

The number of jobs in the career for the current year.

Daily Tasks

  • Negotiates terms of reinsurance contracts.

  • Ensures that the insurance policy clearly defines the liabilities accepted and any exceptions or exclusions.

  • Calculates premiums, provides quotations and, if acceptable to the client, issues policies.

  • Liaises with insurance surveyors, actuaries and risk managers where the risks associated with a proposal are not clear.

  • Identifies and evaluates the risks associated with a proposal.

  • Receives and assesses proposals and propositions for insurance from brokers and clients.

Hard skills

Hard skills are specific, learnable, measurable, often industry or occupation-specific abilities related to a position.

  • Underwriting

  • Mortgage Loans

  • Cross-Selling

  • Financial Services

  • Brokerage

Soft skills

Soft skills can be self-taught and usually do not necessitate a certain completed level of education.

  • Communications

  • Customer Service

  • Sales

  • Negotiation

  • Management

How do I get a job like this?

People in these types of job started their career paths after studying courses like the ones below.