Maidstone, Kent Working for one of the largest travel insurance providers in the UK, you will join a large, friendly team of like-minded people, providing an understanding, caring approach to holiday-makers experiencing medical emergencies whilst on their holidays! The job holder will be responsible for and will take part in: This position reports directly to the Trading Manager and expected to have the following interfaces:
They assess risk by asking a series of questions; an insurance underwriter then analyzes the responses. Underwriters help the insurance company decide what coverage to offer and at what price or premium.
Insurance underwriters usually work for insurance companies. They often specialize in one of three fields: Becoming an insurance underwriter takes a combination of financial knowledge, attention to detail and strong decision-making skills.
Underwriters use computer software to assess the risk involved in insuring an individual, property or business. They also calculate the premium needed for the amount of coverage requested.
Because insurance companies take on risks worth billions of dollars, the decisions made by insurance underwriters are vital to their success. They can help bring in business by keeping premiums at a reasonable level, while preventing the payout of excessive claims.
Daily job duties for insurance underwriters may include: Analyzing information provided by insurance applicants. Determining the risk associated with insuring a person or property.
Evaluating the recommendations made by underwriting software.
Deciding whether or not to offer insurance to applicants. Calculating premiums and appropriate amounts of coverage. Researching additional information, such as medical histories or credit scores. Determining the relevancy of risk factors. The release of automated underwriting software has reduced the need for underwriters.
However, underwriters will still be needed to evaluate the recommendations generated by automated software, and to replace retiring workers. The BLS also reports job prospects should be best for insurance underwriters with a strong background in finance, and strong computer and communication skills.
Required Knowledge and Skills An insurance underwriter job requires the following skills and knowledge: The ability to make sound decisions.So you need a job and you’re thinking about becoming a residential mortgage loan officer?
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As the Insurance Agency Service Consultant you’ll support business operations for independent insurance agency owners that are located throughout South Carolina.
These firms are all part of a national insurance network that want to grow their business by improving efficiency, integrating new technology and maximizing insurance company partnerships. A free inside look at State Farm salary trends.
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