I have seen a job advertised for an underwrite for an insurance company but what exactly does the job entail?

Question

And is it hard?

Answer 1

Job Description for: UNDERWRITING CLERK

Compiles data and performs routine clerical tasks to relieve UNDERWRITER (insurance) of minor administrative detail, using knowledge of underwriting and policy issuing procedures: Reviews correspondence, records, and reports to select routine matters for processing. Routes risk-involved matters to UNDERWRITER (insurance) for evaluation. Prepares requisitions for and reviews credit and motor vehicle reports and results of investigations to compile and summarize pertinent data onto underwriting worksheets. Consults manuals to determine rate classifications and assigns rates to pending applications, using adding machine. Corresponds with or telephones field personnel to inform them of underwriting actions taken. Maintains related files.

Job Tasks for: Insurance Underwriters
Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.

Decline excessive risks.

Evaluate possibility of losses due to catastrophe or excessive insurance.

Review company records to determine amount of insurance in force on single risk or group of closely related risks.

Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies.

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.

Authorize reinsurance of policy when risk is high.

Answer 2

http://dictionary.reference.com/browse/underwrite

Answer 3

If you don't know, you're not qualified.