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Summary Job Description | Tasks | |||
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications. | Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property. | |||
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Decline excessive risks. | ||||
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Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies. | ||||
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Evaluate possibility of losses due to catastrophe or excessive insurance. | ||||
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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. | ||||
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Review company records to determine amount of insurance in force on single risk or group of closely related risks. | ||||
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Authorize reinsurance of policy when risk is high. | ||||
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CompGeo Salary Survey Benchmark Job Summary and Competencies
Insurance Underwriters
The Benchmark Job Description below represents the specific Position Characteristics of the job used in the Salary Survey. Benchmark Job Descriptions should be inspected carefully to review the degree of matching between an organizations' Job and the Salary Survey Benchmark. Matching internal Jobs to Salary Survey Benchmark Jobs should not be done on Job Title alone. A thorough comparison of Salary Survey Benchmark to Internal Job Descriptions is recommended. A good overlap should exist on any comparisons used on critical Job Dimensions and Competencies.- Job Description
- Knowledges
- Skills
- Abilites
- Tools and Technology
- Education and Experience
- Alternate Job Titles
- Salaries
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Important Knowledge Competencies | Competency Description | |||
Medicine and Dentistry | Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures. | |||
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English Language | Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. | |||
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Customer and Personal Service | Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction. | |||
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Mathematics | Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications. | |||
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Clerical | Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology. | |||
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Education and Training | Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects. | |||
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Computers and Electronics | Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming. | |||
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Administration and Management | Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources. | |||
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Therapy and Counseling | Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance. | |||
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Sales and Marketing | Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems. | |||
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Important Skill Competencies | Competency Description | |||
Reading Comprehension | Understanding written sentences and paragraphs in work related documents. | |||
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Active Listening | Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. | |||
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Judgment and Decision Making | Considering the relative costs and benefits of potential actions to choose the most appropriate one. | |||
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Speaking | Talking to others to convey information effectively. | |||
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Critical Thinking | Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems. | |||
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Writing | Communicating effectively in writing as appropriate for the needs of the audience. | |||
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Complex Problem Solving | Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. | |||
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Time Management | Managing one's own time and the time of others. | |||
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Social Perceptiveness | Being aware of others' reactions and understanding why they react as they do. | |||
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Active Learning | Understanding the implications of new information for both current and future problem-solving and decision-making. | |||
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Coordination | Adjusting actions in relation to others' actions. | |||
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Systems Analysis | Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes. | |||
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Mathematics | Using mathematics to solve problems. | |||
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Monitoring | Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action. | |||
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Service Orientation | Actively looking for ways to help people. | |||
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Systems Evaluation | Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system. | |||
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Learning Strategies | Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things. | |||
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Important Ability Competencies | Competency Description | |||
Written Comprehension | The ability to read and understand information and ideas presented in writing. | |||
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Oral Comprehension | The ability to listen to and understand information and ideas presented through spoken words and sentences. | |||
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Oral Expression | The ability to communicate information and ideas in speaking so others will understand. | |||
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Written Expression | The ability to communicate information and ideas in writing so others will understand. | |||
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Inductive Reasoning | The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). | |||
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Deductive Reasoning | The ability to apply general rules to specific problems to produce answers that make sense. | |||
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Speech Clarity | The ability to speak clearly so others can understand you. | |||
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Problem Sensitivity | The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem. | |||
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Near Vision | The ability to see details at close range (within a few feet of the observer). | |||
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Speech Recognition | The ability to identify and understand the speech of another person. | |||
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Information Ordering | The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations). | |||
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Category Flexibility | The ability to generate or use different sets of rules for combining or grouping things in different ways. | |||
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Selective Attention | The ability to concentrate on a task over a period of time without being distracted. | |||
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Mathematical Reasoning | The ability to choose the right mathematical methods or formulas to solve a problem. | |||
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Flexibility of Closure | The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material. | |||
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Number Facility | The ability to add, subtract, multiply, or divide quickly and correctly. | |||
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Tools/Technology Example | Product Category | |||
Anodas Software Limited Phoenix | Enterprise resource planning ERP software | |||
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CSC nbAccelerator | Enterprise resource planning ERP software | |||
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Consilience Software Maven Insurance Automation Suite | Enterprise resource planning ERP software | |||
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Database software | Data base user interface and query software | |||
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Fair Isaac Enterprise Decision Management for Insurance | Enterprise resource planning ERP software | |||
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FileNet Content Manager | Document management software | |||
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Fiserv Advanced Underwriting | Financial analysis software | |||
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LabOne NET | Financial analysis software | |||
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Microsoft Excel | Spreadsheet software | |||
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Microsoft PowerPoint | Presentation software | |||
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Microsoft Word | Word processing software | |||
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NIIT Technologies WinRisk | Financial analysis software | |||
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QualCorp FormsPlus | Enterprise resource planning ERP software | |||
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RGA AURA | Financial analysis software | |||
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RGA Facultative Application Console | Financial analysis software | |||
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SIS SEMCI PARTNER | Enterprise resource planning ERP software | |||
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Skywire Software InsBridge | Enterprise resource planning ERP software | |||
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Spreadsheet software | Spreadsheet software | |||
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Valen Technologies Risk Manager | Financial analysis software | |||
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Web browser software | Internet browser software | |||
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Word processing software | Word processing software | |||
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10-key calculators | Calculators or accessories | |||
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Desktop computers | Desktop computers | |||
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Notebook computers | Notebook computers | |||
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Personal computers | Personal computers | |||
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Prerequisite Qualification Category | Education and Experience Level | |||
Required Level of Education | Bachelor's Degree | |||
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On-the-Job Training | Over 6 months, up to and including 1 year | |||
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Related Work Experience | Over 2 years, up to and including 4 years | |||
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Alternate Job Title(s) | |||
Account Underwriter | |||
Automobile and Property Underwriter | |||
Bond Underwriter | |||
Commercial Lines Underwriter | |||
Commercial Underwriter | |||
Customer Service Representative | |||
Health Underwriter | |||
Insurance Analyst | |||
Insurance Underwriter | |||
Insurance Writer | |||
Life Underwriter | |||
Marine Underwriter | |||
Personal Lines Underwriter | |||
Property Underwriter | |||
Reviewer | |||
Reviewer Sales | |||
Risk Analyst | |||
Underwriter | |||
Underwriting Account Representative | |||
Underwriting Consultant | |||
Underwriting Director | |||
Underwriting Manager | |||
Underwriting Service Representative | |||
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