For those who are underwriters...

[randomthoughts1875]

What is your personal experience on becoming an underwriter. Is there anything you would have done differently along the way?

[archer]

It is a seat of patience. It is a job that demands absolute focus. I simply love it.

[kdavis]

I agree. The thing I love the most is the fact that I do commercial P &C so I get to met different people. My marketing and analyic skills are sharper then ever. It seems no one says " I want to be an underwriter when I grow up" but it's the kind of job that offers many interesting opportunities once you get in the door! I love it too!

[anandshrivastava]

Originally Posted by randomthoughts1875

What is your personal experience on becoming an underwriter. Is there anything you would have done differently along the way?

It is all about meeting the requirements of the proposer with what is available with you, and in some cases creating something new with bit of modification with acturial support. At the end of the day it always gives you immense pleasure that you have been able to do something for your customers.

It also has a Profitability and Growth angle inbuilt into it, since adopting very liberal approach may affect your profitability in an adverse fashion, and a too cautious approach will result into loss of your market share.

I am from Asian Market, which is in growth phase now. With my specialization in Business Insurance catering to the requirements of Indutrial Clients, so far things are going as planned. Even with a reduction in premium rates to the extent of 60% we have been able to manage a Positive Growth ( 16%) with low loss experience.

Regards

[Dannamcmath]

All of the above posts are correct in their statements. All of those factors go into underwriting. The one thing that I personally would have done differently is to play the "corporate game." Over the years, I refused to do so as I chose to focus on the quality and quantity of my work (in my thinking this was the most beneficial to my client) instead of doing the required socializing to move up the corporate ladder. Over the years, I have watched as less qualified people were given promotions in title and salary because they could smooze with the upper management. Yet, at the same time, if a difficult, special project needed to be undertaken, it was me that was asked to do the project. If I could do it all over again, I would find a way to balance the two extremes.