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Insurance Underwriter Jobs Grand Island NE

Local resource for insurance underwriter jobs in Grand Island. 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.

Employment Services
(308) 385-6300
724 W Koenig St
Grand Island, NE

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Hansen Employment & Counseling
(308) 382-7350
2608 Old Fair Rd
Grand Island, NE

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Advance Services
(308) 382-1500
3310 W Capital Ave
Grand Island, NE

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Employment Services
(308) 385-6300
724 W Koenig St
Grand Island, NE

Data Provided By:
Hansen Employment & Counseling
(308) 382-7350
2608 Old Fair Rd
Grand Island, NE

Data Provided By:
Essential Personnel
(308) 381-4400
2121 N. Webb Rd.
Grand Island, NE
Main Industries / Positions
Admin & Clerical, Light Industrial, Management

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Associated Staffing Inc
(620) 663-5124
2222 W 2nd St
Grand Island, NE

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Essential Personnel, Inc.
(308) 381-4400
2121 N Webb Rd Ste 209
Grand Island, NE
Main Industries / Positions
office clerical, industrial, health care, professional management
Type of Service
temporary, temporary/part time, part time

Essential Personnel
(308) 381-4400
2121 N. Webb Rd.
Grand Island, NE
Main Industries / Positions
Admin & Clerical, Light Industrial, Management

Data Provided By:
Advance Services
(308) 382-1500
3310 W Capital Ave
Grand Island, NE

Data Provided By:
Data Provided By:

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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