Insurance Underwriter Resume Samples, Tips, and Templates

An insurance underwriter is a risk management professional who has a solid background in finance, accounting, law, banking or even technical training. Their main duty is to assess the probability of the ensured risk and determine a price for the premium which is acceptable by the client’s standards and profitable for the company.

Most insurance underwriters tend to focus on a niche, such as life insurance, commercial, auto or reinsurance and become proficient in the specific needs of their sector, sometimes switching between companies, while maintaining the same type of portfolios.

When applying and interviewing for an insurance underwriter job showing good negotiation skills combined with analytical skills can set you apart from the competition.

Tips for Insurance Underwriters Resumes

Analytical Skills

An insurance underwriter is expected to compute the probability of occurrence for the evaluated risk, put an accurate price tag on it and deliver a solution to the client who wants to ensure against the risk. This is a detailed process which takes into account the analysis historical data, negotiating with the issuing company and the clients, drafting the agreement and checking for the coverage of all potential scenarios. Although most mathematical and computational work is automatic, it is important that the underwriter understands the models used in assessing risks, in order to choose the most suitable one.

Negotiation Skills

An underwriter’s duties include meeting with clients, explaining them the risks that they could face, the probabilities thereof and justifying the premiums they have to pay. The most important part of this process is to highlight the positive aspects of owning the insurance in the case the unfortunate event occurs and how this can make a huge difference in the life of the client. Appealing to the experience of past clients with a similar situation or historical events helps in this argumentation.

Cultivating great relations with the banks, broker community and the clients is the key towards long term satisfaction and is also an expression of the high professionalism of the underwriter, who is a risk management professional and a client consultant.

IT Skills

Since the risk models are computed automatically using dedicated software it is mandatory, in the name of efficiency, that the underwriter is comfortable with different computer programs. General computer literacy might be insufficient as these software usually include databases, specific rules and mathematical models, therefore they should be able to go beyond MS Office skills.

Insurance Underwriter’s Resume Samples

The following resume samples and templates for insurance underwriter can help you get a better idea of what your resume can look like.

An insurance underwriter should always adjust their resume to the specific job description and make sure they highlight their strong points.

Additional Insurance Underwriters Resume Tips

• Industry-specific qualifications – Insurances come in a wide variety, therefore if you have in depth knowledge of a certain type, make this information stand out in your resume. Mention any qualifications you obtained, like the Chartered Life Underwriter (CLU) designation and the Registered Health Underwriter (RHU) qualification.
• Law training – Some clients could ask for customized insurance solutions which might be suggested by their lawyers and could work to their advantage. Making the most profitable decision for the employing company in this case is related to the underwriter’s knowledge in laws, specific wording of the policy text and overall proficiency in legislation. For underwriters who come from a legal background this is a plus on their resume.

 

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