What does an Insurance Underwriter do?
Insurance underwriters determine the risks associated with insuring an individual or business, determine what type of coverage the client is eligible for and determine how much the client should pay. People working in this area need to enjoy analyzing data and making decisions. If an underwriter is too conservative, the company risks losing business to their competitors but, on the other hand, if the insurance underwriter is too liberal, the company can end up paying out a lot more than they should. Underwriters tend to specialize in life insurance, health insurance or property and casualty insurance. What education do I need? A bachelor’s degree in business, finance, accounting, or mathematics. Most of the job-specific training and knowledge happens on-the-job when you are hired as an underwriter trainee or assistant underwriter. There are also continuing education courses that you can take to receive a professional designation. 3. Certified Public Accountants (CPAs) What can I do as
