Insurance underwriters assess business risks and liability policies and make decisions about commercial property. They inspect the conditions of businesses’ properties, analyse inspection policies, assist with real estate and rent issues, prepare loan contracts and handle commercial risks in order to align them with business practices. Insurance underwriters analyse various information from prospective customers in order to assess the likelihood that they will report a claim. They work to minimise risk for the insurance company and make sure that the insurance premium aligns with the associated risks. they can be specialists in life insurance, health insurance, reinsurance, commercial insurance, mortgage insurance.

Tasks

Tasks include -
(a) Obtaining information about customers’ circumstances necessary to determine appropriate type of insurance and conditions;
(b) Negotiating with customers to determine type and degree of risk for which insurance is required;
(c) Explaining details of insurance and conditions, risk coverage premiums and benefits to customers;
(d) Assisting clients to determine the type and level of coverage required, calculating premiums and establishing method of payment;
(e) Negotiating and placing reinsurance contracts;
(f) Advising on, negotiating terms for and placing insurance contracts for large or special types of projects, installations or risks.