Insurance Underwriter Resume Sample & Ready To Use Example

Insurance Underwriter

Extensive experience of XX years in examining insurance proposals; collecting background information and assessments of risk; analyzing statistical data using specialist computer programs; determining premiums; preparing insurance policy terms and conditions
Skilled in evaluating the possibility of losses due to catastrophe or excessive insurance; examining documents to determine the degree of risk from such factors as the applicant's financial standing and value and condition of the property
Deft in reviewing company records to determine the amount of insurance in force on a single risk or group of closely related risks; writing to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies
Effectively communicate financial data and information; leverage advanced skills and knowledge to succeed as an insurance underwriter

Arts and Design, Bachelor of Arts, Completed, May 2003

HKBK College Of Engineering

Bengaluru, Karnataka

July 2016 - Current

Insurance Underwriter / Assistant Manager - Underwriting Quality Assurance - Insurance/Reinsurance

Serving Skill

Mumbai, Maharashtra

Study insurance proposals; decide whether the risk should be shared with a reinsurer
Gather and assess background information, including reports and medical records from specialists where appropriate, to effectively assess the risk involved
Calculate possible risk and decide on the premium -how much individuals or organizations should pay for insurance
Visit brokers or potential customers and prepare quotes; write policies and help with the policy wording
liaise with specialists, such as surveyors or doctors, for risk assessment, and develop good working relationships with brokers
Negotiate terms with policyholders or their brokers and draw up contracts
Ensure that premiums are competitive and that accounts remain profitable
Specify conditions to be imposed on different types of policies, for example, asking that a property owner install a security alarm
Keep detailed and accurate records of policies underwritten and decisions made.
Authorize reinsurance of policy when risk is high; decline excessive risks

September 2005 - April 2014

Insurance Underwriter / Assistant Manager - Medical Underwriting

zyoin

Mumbai, Maharashtra

Reviewed insurance applications for compliance and adherence
Assessed clients’ background information and financial status
Liaised with specialists to gather information and opinions
Negotiated and defined the specific terms of insurance policies with brokers or policyholders
Kept detailed records of policies underwritten and decisions made
Balanced between mass and homogeneity of risks to achieve predictability of future results
Developed and maintained a profitable book of business for the insurer
Followed-up applicable insurance laws