Insurance Underwriters Job Description

Authorize reinsurance of policy when risk is high.

Decline excessive risks.

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.

Evaluate possibility of losses due to catastrophe or excessive insurance.

Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.

Review company records to determine amount of insurance in force on single risk or group of closely related risks.

Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies.