Employment Percentage: 
-11.483870967742
SOC ID: 
13-2053
SOC Title: 
Insurance Underwriters
ONET ID: 
13-2053.00
ONET Concat ID: 
13205300
Median Salary: 
74790.74
Ed Level High School: 
10
Ed Level Certificate: 
0
Ed Level Some College: 
6.67
Ed Level Associates: 
10
Ed Level Bachelors: 
73.330002
Ed Level Masters: 
0
Ed Level Doctor: 
0
Typical Ed Level: 
a Bachelor's degree
Description: 

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

Core Tasks: 

<ul><li>Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.</li><li>Decline excessive risks.</li><li>Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.</li><li>Evaluate possibility of losses due to catastrophe or excessive insurance.</li><li>Review company records to determine amount of insurance in force on single risk or group of closely related risks.</li><li>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.</li><li>Authorize reinsurance of policy when risk is high.</li></ul>

Start Annual Earnings: 
42439.9
Top Annual Earnings: 
134226.83
Title Slug: 
insurance-underwriter