ISCO Occupation Group 3321.3 Insurance Underwriter
Contents
Definition
Insurance Underwriter: Insurance underwriters assess business risks and liability policies and make decisions about commercial property. They inspect the conditions of businesses’ properties, analyse inspection policies, assist with real estate and rent issues, prepare loan contracts and handle commercial risks in order to align them with business practices. Insurance underwriters analyse various information from prospective customers in order to assess the likelihood that they will report a claim. They work to minimise risk for the insurance company and make sure that the insurance premium aligns with the associated risks. They can be specialists in life insurance, health insurance, reinsurance, commercial insurance, mortgage insurance.
Essential Skills
- Decide On Insurance Applications
- Business Loans
- Property Law
- Real Estate Underwriting
- Obtain Financial Information
- Analyse Financial Risk
- Actuarial Science
- Provide Support In Financial Calculation
- Review Insurance Process
- Claims Procedures
- Create A Financial Plan
- Principles Of Insurance
- Manage Financial Risk
- Insurance Law
- Types Of Insurance
- Create Insurance Policies
- Create Cooperation Modalities
- Assess Financial Viability
- Collect Property Financial Information
- Modern Portfolio Theory
Optional Skills
- Assess Customer Credibility
- Review Investment Portfolios
- Insurance Market
- Credit Control Processes
- Apply Technical Communication Skills
- Handle Financial Disputes
- Prepare Financial Auditing Reports
- Calculate Insurance Rate
- Financial Statements
- Communicate With Customers
- Synthesise Financial Information
- Manage Contract Disputes
- Estimate Damage
- Conduct Financial Audits
- Manage Contracts
- Identify Clients' Needs
- Inform On Renting Agreements
- Analyse Insurance Risk
- Assist In Loan Applications
- Real Estate Market
- Perform Property Market Research
- Compare Property Values
- Examine Credit Ratings
- Develop Investment Portfolio
- Explain Financial Technicalities To Clients
- Interpret Financial Statements
- Market Analysis
- Ensure Proper Document Management
- Negotiate Loan Agreements
- Analyse Insurance Needs
- Create Underwriting Guidelines
- Organise A Damage Assessment
Alternative Names
- Group Insurance Underwriter
- Automobile Insurance Underwriter
- Life Underwriter
- Liability Risk Assessor
- Personal Lines Underwriter
- Commercial Underwriter
- Fire Insurance Underwriter
- Risk Assessor
- Commercial Lines Underwriter
- Public Liability Insurance Underwriter
- Casualty Insurance Underwriter
- Accident And Sickness Insurance Underwriter
- Commercial Property Underwriters
- Package Insurance Underwriter
- Commercial Insurance Underwriter
- Commercial Property Underwriter
Specializations
| Specialization | Title |
|---|---|
| C3321.3.1 | ISCO Specialization 3321.3.1 Property Insurance Underwriter |
