---
name: insurance-underwriter
description: "Occupational skill for the role 'insurance underwriter' (also: commercial underwriter, group insurance underwriter, liability risk assessor, casualty insurance underwriter, commercial insurance underwriter, commercial property underwriter). Use when the user asks for typical insurance underwriter work such as: Decline excessive risks.; Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.; Evaluate possibility of losses due to catastrophe or excessive insurance."
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# Insurance Underwriter

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.

## Core workflow

1. Decline excessive risks.
2. Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
3. Evaluate possibility of losses due to catastrophe or excessive insurance.
4. Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe, profitable distribution of risks, using reference materials.
5. Review company records to determine amount of insurance in force on single risk or group of closely related risks.
6. Authorize reinsurance of policy when risk is high.
7. Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.

## How to use this skill

- Read `references/profile.md` for the occupation profile and scope.
- Consult `references/tasks.md` for the full task and activity inventory.
- Check `references/skills.md` for essential vs. optional competences.
- Check `references/tools.md` for the software commonly used in this role.

## Key competences (essential)

- actuarial science
- analyse financial risk
- assess financial viability
- business loans
- claims procedures
- collect property financial information
- create a financial plan
- create cooperation modalities
- create insurance policies
- decide on insurance applications
- insurance law
- manage financial risk
- modern portfolio theory
- obtain financial information
- principles of insurance

## Hot technologies

- Microsoft Access
- Microsoft Outlook
- C++
- Microsoft Office software
- Microsoft Windows
- Microsoft PowerPoint
- Microsoft Excel
- Microsoft Word

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*Sources: ESCO v1.2.1 (http://data.europa.eu/esco/occupation/e937449a-d9e0-4ab7-9ea5-4d3ac673be6d), O*NET 30.3 (13-2053.00). See manifest.json for licensing/attribution.*
