Underwriter Jobs

Role Overview

Underwriting can be a satisfying career for people who enjoy analysing information and paying attention to detail. In addition, underwriters must possess good judgment in order to make sound decisions. Excellent communication and interpersonal skills are also essential, as much of their work involves dealing with agents and other professionals.  

With the aid of computers, underwriters analyze information to determine if a risk is acceptable and will not result in a loss.   

Qualifications, Skills and Experience 

For entry level underwriting jobs, most large companies prefer university graduates who have a degree in business administration or finance, with courses or experience in accounting. However, a bachelor’s degree in almost any field—plus courses in business law and accounting—provides a good general background and may be sufficient to qualify. Computer knowledge is essential.  

The best job prospects will be for underwriters with the right skills and credentials, such as excellent computer and communication skills, coupled with a background in finance.

Career Progression Path 

New employees usually start as underwriter trainees or assistant underwriters. They may help collect information on applicants and evaluate routine applications under the supervision of an experienced risk analyst.

As trainees gain experience, they are assigned policy applications that are more complex and cover greater risks. These require the use of computers for more efficient analysis and processing. Experienced underwriters who complete courses of study may advance to senior underwriter or underwriting manager positions. Some underwriting managers are promoted to senior managerial jobs.  

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Useful Underwriter Links

International Underwriting Association of London
The Association of British Insurers
Lloyd's
Finance & Leasing Association