I am responsible for underwriting, marketing, and managing a book of business to meet strategies and personal performance goals. I collaborate across all lines of the business to provide a total account solution for Travelers' current and future clients. I also perform in-depth competitor analysis through monitoring rate actions, underwriting guidelines, and product design for both current and future products.
CAREER
Insurance Underwriters
Overview
Salary Median (2020)
$71,790
Projected Job Growth (2019-2029)
-6.2% (decline)
Most Common Level of Education
Bachelor's degree
Career
Roadtrip Nation Leaders in This Career
What Insurance Underwriters Do
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
Other Job Titles Insurance Underwriters May Have
Account Underwriter, Automobile and Property Underwriter, Commercial Lines Underwriter, Health Underwriter, Life Underwriter, Personal Lines Underwriter, Underwriter, Underwriting Consultant
How Leaders Describe a Typical Day at Work
Account Executive Officer
As an underwriter you wear many hats throughout the day: ~ Customer Service: you are constantly solving problems that your clients and agents face while maintaining a healthy business relationship with them. Your responsiveness to your customers is essential to their every day needs. ~ Sales: you are representing Travelers and your own personal brand at all times. ~ Analytical Expert: you are often working on deals that require financial analysis, loss trends, exposures/controls evaluation.
Tasks & Responsibilities May Include
- Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
- Decline excessive risks.
- Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
- Evaluate possibility of losses due to catastrophe or excessive insurance.
- Review company records to determine amount of insurance in force on single risk or group of closely related risks.
This page includes information from theO*NET 26.1 Databaseby the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under theCC BY 4.0license. O*NET® is a trademark of USDOL/ETA.