Undergraduate degree required?
Many companies prefer hiring underwriting assistants with bachelor's degrees in business, insurance or economics, and at least one year of experience in property, casualty or health insurance. Once they assess the risk and write the coverage, underwriters work behind the scenes while agents or brokers handle the back and forth with clients.
Analytical thinking: While some decisions are easy, many situations require insurance underwriters to assess multiple factors related to a particular applicant.
This tab also covers different types of occupational specialties. A good underwriter has the financial and risk know-how and sharp attention to detail to create coverage that satisfies the company and the client.
More seasoned underwriters with at least three years of experience often pursue a Chartered Property and Casualty Underwriter certification.
These are the requirements of underwriters -- a position in which many assistants will eventually get promoted.
Insurance underwriters need to be adept at operating the software and making sure to input data appropriately.
Because their job is so foundational to how insurance works, underwriters exist in every corner of the industry, including life, health, mortgage and property-casualty insurance. Many decisions are straightforward and based on preset standards.