Insurance Underwriters

Tasks Include:

• 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.
• Decline excessive risks.
• Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies.
• Review company records to determine amount of insurance in force on single risk or group of closely related risks.
• Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.
• Authorize reinsurance of policy when risk is high.
• Evaluate possibility of losses due to catastrophe or excessive insurance.