A listing of the top cool insurance jobs and cool insurance careers in the world, some you've never heard of, some obscure, and many of them unique and out of the ordinary.
The insurance underwriter is a crucial part of any insurance company’s professional team. Careers with insurance companies are some of the best jobs in the word and most of the links listed below feature a variety of underwriting job postings.
The main role of the insurance underwriter is to review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
Typical tasks of an insurance underwriter:
Authorize reinsurance of policy when risk is high.
Decline excessive risks.
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.
Evaluate possibility of losses due to catastrophe or excessive insurance.
Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.
Review company records to determine amount of insurance in force on single risk or group of closely related risks.
Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies.
Typical work activities of an insurance underwriter:
analyze financial data
evaluate degree of financial risk
follow contract, property, or insurance laws
gather relevant financial data
identify financial risks to company
review data on insurance applications or policies
use computers to enter, access and retrieve financial data
write business correspondence
Insurance underwriters are usually responsible for managing an agency territory including, underwriting, marketing, and account servicing. They should possess excellent telephone skills, strong interpersonal skills, written and verbal communication skills, and knowledge of computers. Most positions requires travel; a college degree or comparable work experience and a few years underwriting experience although it is possible to find entry-level positions.