Insurance Underwriter Jobs Coeur D Alene ID

Local resource for insurance underwriter jobs in Coeur D Alene. Includes detailed information on local businesses that provide access to insurance underwriter staffing agencies, insurance underwriter schools, insurance underwriter education, insurance underwriter degree programs, and insurance underwriter instructors, as well as advice and content on how to become a insurance underwriter.

Industrial Personnel - MASTER
(208) 765-2000
1119 Ironwood Pky
Coeur D Alene, ID

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Career Search Int'l
(208) 664-5065
401 Sherman Ave
Coeur D'alene, ID

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Command Center
(866) 464-5844
3773 W. 5th Ave.
Post Falls, IN
Main Industries / Positions
Admin & Clerical

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(208) 777-4736
510 W Clearwater Loop
Post Falls, ID

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Quality Resource & Services
PO Box 14781
Spokane, WA

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Trindera Engineering, Inc.
(208) 676-8001
1859 N Lakewood Drive
Coeur d'Alene, ID

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(208) 664-8958
3918 N Schreiber Way
Coeur D Alene, ID

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Quest Integration
(208) 777-4720
721 Lochsa St
Post Falls, ID

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(509) 998-7158
903 S. Liberty Dr.
Liberty Lake, WA

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Accountancy by Accountingpros
(208) 664-7931
Po Box 3704
Coeur D Alene, ID

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Insurance Underwriter

How to become an Insurance Underwriter

There really is no formal education required to become an underwriter however many companies prefer candidates to have a bachelor's degree or professional designation. Also some insurance related experience and strong computer skills are desirable. Most of the knowledge required to be an underwriter may be learned on through on the job training. Therefore the majority of underwriters start their jobs as trainees.

What does an Insurance Underwriter do?

The function of insurance companies is to protect organizations and individuals from financial loss as a result of unforeseen circumstances. They do this by assuming billions of dollars of risk each year. These risks include such things as car accidents, property damage and illness. An insurance underwriter decides whether or not insurance is provided and under what terms. Underwriters are needed to calculate and identify the risk of loss for policyholders; they also establish who receives a policy. Further, they determine an adequate premium and write policies that cover this risk. There is a fine line since the insurance company might lose customers to a competitor if the underwriter appraises risks too conservatively. Conversely if the underwriter is too liberal then the insurance company could end up paying excessive claims.

Using their computers the underwriters analyze information in the insurance applications to determine if the risk is acceptable. Their primary job is to make sure that it will not result in a large loss for the insurance companies. There are often reports that supplement the applications for insurance. These reports contain loss control representatives' data, medical records, reports from data vendors and actual studies. The underwriters must then determine whether or not to issue the policy and to determine the appropriate premium to charge when a policy is issued.

What skills or qualities do I need to become an Insurance Underwriter?

Most large insurance companies prefer college graduates who have a degree in business administration, or other respected financial courses, for entry level underwriting positions. A bachelor's degree in almost any field with courses in business law and accounting provide a good general educational background. Some course work in computers is also desirable due to the fact that computers are now such an integral part of the job.

More often than not new employees will start as underwriter trainees or assistant underwriters. Their job is usually to collect information on applications and evaluate routine applications with supervision from an experienced risk analyst. They may also be assigned to studying case files to become familiar with factors associated with certain types of losses. Some of the larger insurers do offer work study training programs. With the more experience the trainee gains they are assigned policy applications that are more complex.

Other qualifications...

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