What does an Assistant Underwriter do?
Published 3 min read
An assistant underwriter is responsible for reviewing and approving insurance applications. They also work with insurance agents to ensure that all necessary information is included in the application.
Assistant Underwriter job duties include:
- Assisting underwriters in the processing of insurance applications
- Reviewing insurance applications for accuracy and completeness
- Requesting additional information from applicants as needed
- Determining whether an applicant is insurable and calculating premiums
- Preparing insurance policies for issuance
- Processing policy renewals
- Cancelling policies as requested by policyholders
- Assisting policyholders with questions and concerns
- Investigating and resolving claims
- Maintaining accurate records
Assistant Underwriter Job Requirements
An Assistant Underwriter typically needs a bachelor's degree in business, finance, or a related field. Some employers may prefer candidates who have a master's degree or certification in underwriting. Assistant underwriters typically have 1-3 years of experience in the insurance industry. They must be able to analyze risk and make recommendations accordingly. Strong communication and interpersonal skills are also important, as they will be working with clients and other insurance professionals on a daily basis.
Assistant Underwriter Skills
- Communication
- Organization
- Time Management
- Research
- Writing
- Editing
- Proofreading
- Detail-Oriented
- Multitasking
- Analytical Skills
- Critical Thinking
Related: Top Assistant Underwriter Skills: Definition and Examples
How to become an Assistant Underwriter
The first step to becoming an assistant underwriter is to obtain a bachelor's degree from an accredited college or university. Many assistant underwriters have degrees in business, finance, economics, or accounting. However, any degree can be helpful in obtaining an entry-level position in this field.
After completing a degree program, the next step is to gain experience in the insurance industry. Many assistant underwriters start their careers as insurance agents or customer service representatives. This experience can be helpful in understanding the insurance industry and the products that are available.
Once you have gained some experience in the insurance industry, you can begin to look for positions as an assistant underwriter. Many insurance companies have entry-level positions for assistant underwriters. These positions may require some travel and may be located in different parts of the country.
To be successful as an assistant underwriter, it is important to have strong communication and interpersonal skills. You must be able to work well with others and be able to handle a variety of tasks. It is also important to be detail oriented and organized. Assistant underwriters must be able to handle a large volume of work and meet deadlines.
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