Insurance Underwriters


  1. Description

Management

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After years of saving, Anita was finally able to buy the convertible of her dreams. Now it sits outside, glinting in the sun. But Anita can't head out for a joy ride till she's gotten insurance.

After she applies, an underwriter goes to work behind the scenes. The underwriter analyzes how likely Anita is to be a safe driver, and based on that information, comes up with the amount to charge her. Once Anita has written the check, she can take that first, longed-for spin.

Insurance underwriters figure out how risky it is to insure people and businesses. They also decide how much coverage they should receive and how much they should pay for it.

Did You Know?

Most underwriters specialize in one of the three major kinds of insurance: life, health, or property and casualty.

Are You Ready To...?

  • Use computers
  • Look up information
  • Interpret numbers
  • Make judgment calls
  • Interact with other insurance professionals

It Helps To Be...

Someone who enjoys paying attention to detail and analyzing information. You'll need good judgment in order to make savvy decisions. You'll also rely on your communication skills as you interact with insurance agents and other professionals in the business.

Make High School Count

  • Prepare for college accounting classes by doing your best in math -- and consider signing up for accounting in high school.
  • Sign up for classes in business and consumer and family studies.
  • Build computer skills.
  • Take an interest in economics and history to understand the larger picture in which the insurance industry operates.
  • Read the news to keep up with events that affect the insurance industry.
  • Volunteer or intern for an insurance company or agency to learn about the industry.

Did You Know?

Property insurance covers damage to or loss of property such as a house. Casualty insurance covers a person or business for the cost of damage or injury caused to others.