Career Details

13-2053.00 - Insurance Underwriters

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

Key Facts

Bright Outlook

Career Details

Green Job

Career Details

Current Employment

103,400

Estimate

Forecasted Employment

91,600

Estimate

Change in Employment

-11,700

Estimate

Change in Employment %

-11.4%

Estimate

Tasks

The tasks listed below can be performed to prepare you for a career in this field.

Core

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.
Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe, profitable distribution of risks, using reference materials.
Review company records to determine amount of insurance in force on single risk or group of closely related risks.
Authorize reinsurance of policy when risk is high.
Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.

All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.

Knowledge

The items listed below are organized into sections that contain knowledge useful for pursuing a career in this field. Each section also contains a "Percentage of Importance" statistic that shows how relevant an item is to the occupation.

English Language

Customer and Personal Service

Mathematics

Sales and Marketing

Clerical

Economics and Accounting

Law and Government

Computers and Electronics

All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.

Tools

The tools listed below include machines, equipment, tools, and software that is useful for individuals who are interested in this career.

Calculating machines and accessories

Computers

All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.

Technology

The technologies listed below include machines, equipment, tools, and software that is useful for individuals who are interested in this career.

Finance accounting and enterprise resource planning ERP software

Development software

Data management and query software

Content management software

Content authoring and editing software

Business function specific software

Information exchange software

Operating environment software

Network applications software

All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.

Certifications

FastForward at Virginia's Community Colleges is a short-term training program for high-demand industries, like healthcare, information technology, and skilled trades and infrastructure, helping Virginians get the jobs and salaries they need. Our goal is to get you trained, help you earn your certification, and get you into a career that can support you and your family. Explore the latest training program offerings by visiting FastForward

The certifications listed below are useful to pursue if you are interested in a career in this field.

Specialty

Advanced

Core

Associate in Commercial Underwriting
The Institutes
720 Providence Road, PO Box 3016, Malvern, PA 19335-0716
Associate in Risk Management - Enterprise Wide Risk Management
The Institutes
720 Providence Road, PO Box 3016, Malvern, PA 19335-0716
Associate in Commercial Underwriting - Management
The Institutes
720 Providence Road, PO Box 3016, Malvern, PA 19335-0716
Associate Professional Risk Manager
Professional Risk Managers International Association (PRMIA)
400 Washington Street Northfield, MN 550571-917-421-9651
Professional Risk Manager
Professional Risk Managers International Association (PRMIA)
400 Washington Street Northfield, MN 550571-917-421-9651
Energy Risk Professional
Global Association of Risk Professionals (GARP)
111 Town Square Place, 14th Floor Jersey City, NJ 07310
Associate in Regulation and Compliance
The Institutes
720 Providence Road, PO Box 3016, Malvern, PA 19335-0716
Associate in Risk Management for Public Entities
The Institutes
720 Providence Road, PO Box 3016, Malvern, PA 19335-0716
Certified Residential Underwriter
Mortgage Bankers Association of America (MBA)
1919 Pennsylvania Ave. NW Washington, DC 20006-3438202-557-2756
Certified Pension Consultant
American Society of Pension Professionals and Actuaries (ASPPA)
4245 N. Fairfax Drive, Suite 750, Arlington, VA 22203
Associated Professional Member
American Society of Pension Professionals and Actuaries (ASPPA)
4245 N. Fairfax Drive, Suite 750, Arlington, VA 22203
Chartered Life Underwriter
The American College of Financial Services (ACFS)
270 S. Bryn Mawr Avenue Bryn Mawr, PA 19010610-526-1000
Associate in Personal Insurance
The Institutes
720 Providence Road, PO Box 3016, Malvern, PA 19335-0716
Associate in Surplus Lines Insurance
The Institutes
720 Providence Road, PO Box 3016, Malvern, PA 19335-0716
Associate in Marine Insurance Management
The Institutes
720 Providence Road, PO Box 3016, Malvern, PA 19335-0716
Associate in Premium Auditing
The Institutes
720 Providence Road, PO Box 3016, Malvern, PA 19335-0716
Associate in Risk Management
The Institutes
720 Providence Road, PO Box 3016, Malvern, PA 19335-0716
Chartered Property Casualty Underwriter
The Institutes
720 Providence Road, PO Box 3016, Malvern, PA 19335-0716

All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.

Licensing

The licensing information below is organized into sections and is useful for pursuing if you are interested in a career in this field.

No specific licensing information is listed for this occupation in the area you have selected.

All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.

Related Programs

Programs related to this career, offered by participating institution(s), are listed below.

Clicking on the Degree programs in the list below will take you away from the Careers page.

INSTITUTION

PROGRAMS

Bridgewater College

Programs

Business Administration Major - BA

Bachelor of Arts

The George S. Aldhizer II Department of Economics and Business Administration offers two majors—economics and business administration—that prepare students to pursue managerial and other professional careers as well as graduate education. We build on the liberal arts foundation provided by the College’s general education program and give each student the knowledge, skills and experience to become a successful and ethical leader, capable of making valued contributions to his or her workplace, society and self. Through a combination of lectures, discussions, case analyses, team projects and presentations, and other in-class activities, courses are designed to integrate economic and business theory and practice; encourage independent and critical thinking using both qualitative and quantitative reasoning; and develop skills in decision making and implementation, teamwork and collaboration, and all forms of communication. Experiential learning opportunities abound through internships, study abroad programs and participation in student organizations, to supplement classroom learning. The economics major consists of 14 courses in economics and mathematics. Economics majors may choose among three tracks: business, government policy and preparation for graduate school via additional mathematics courses. Economics majors can also earn an emphasis in financial economics. The business administration major consists of 15 courses in business, economics and mathematics. To gain greater depth in a particular area of business, many students pursue one of the four concentrations we offer in the business administration major: accounting, finance, marketing and organization management. By taking additional courses, in one of these areas, students build specialization on the solid foundation provided by the business administration major. In addition to the previously mentioned majors, the department also offers minors in business administration, certified financial planning, and economics.

Randolph-Macon College

Programs

Business - Finance (BA)

Bachelor of Arts

A major in business offers students the opportunity to explore theories and concepts from accounting, business, and economics. Students study in an active learning environment and begin to understand and appreciate the complex nature of business organizations through applied economic theory. A major in business prepares students for a career in all business environments and provides an excellent foundation for graduate studies in such fields as business and law. The major in business requires a common core of courses plus one of three concentrations: Finance, Management, or Marketing. All courses in the core and in each concentration must be completed with a grade of C- or better.

Business - Management (BA)

Bachelor of Arts

Business - Marketing (BA)

Bachelor of Arts

Roanoke College

Programs

University of Lynchburg

Programs