Insurance Underwriters
Insurance underwriters identify and measure the risks associated with an activity, determine whether this risk is insurable and issue insurance policies which provide financial compensation in the event of loss.
More about this Career
Average Salary
£28328
New workers start around £17622. Normal pay is £28328 per year. Highly experienced workers can earn up to £56873.
Jobs
1035
Job counts include both employed and self-employed persons, and do not distinguish between full and part-time jobs.
Daily Tasks
- Negotiates terms of reinsurance contracts.
- Ensures that the insurance policy clearly defines the liabilities accepted and any exceptions or exclusions.
- Calculates premiums, provides quotations and, if acceptable to the client, issues policies.
- Liaises with insurance surveyors, actuaries and risk managers where the risks associated with a proposal are not clear.
- Identifies and evaluates the risks associated with a proposal.
- Receives and assesses proposals and propositions for insurance from brokers and clients.
Skills Employers are looking for
Soft Skills
Soft skills are non-technical skills that include how you interact with colleagues, solve problems, and manage your work
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Writing
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Active Listening
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Active Learning
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Speaking
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Learning Strategies
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Critical Thinking
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Reading Comprehension
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Monitoring
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Mathematics
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Science
