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Insurance Underwriter Jobs Saint Simons Island GA

Local resource for insurance underwriter jobs in Saint Simons 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.

Saic
(912) 638-4680
121 Shore Rush Dr
Saint Simons Island, GA

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Personnel Support
(912) 261-9611
650 Scranton Rd.
Brunswick, GA
Main Industries / Positions
Admin & Clerical, Light Industrial, Service

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Personnel Staffers
(912) 261-9611
650 Scranton Rd
Brunswick, GA

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Express Employment Professionals
(912) 280-0700
664 Scranton Rd
Brunswick, GA

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Malcolm M. Kitchens Associates
(912) 638-5276
PO Box 21710
St. Simons island, GA

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Malcolm M. Kitchens Associates
(912) 638-5276
PO Box 21710
St. Simons island, GA

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Personnel Depot
(912) 267-1000
13 Saint Andrews Ct
Brunswick, GA

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Premier Resources, Accounting Placement Services
(912) 267-7151
PO Box 21053
SSI, GA
 
Source 21 Inc
(912) 264-9630
1708 Norwich St
Brunswick, GA

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Saic
(912) 638-4680
121 Shore Rush Dr
Saint Simons Island, GA

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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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