Job description Insurance Underwriter near London (ON)

Find out what work is like for an insurance underwriter in Canada. This work description is applicable to all Insurance underwriters (NOC 12202).

Insurance underwriters

Description

Insurance underwriters review and evaluate insurance applications to determine insurance risks, insurance premiums and extent of insurance coverage according to company policies. They are employed at head and branch offices of insurance companies.

Work week duration

Insurance underwriters usually work between 35 to 40 hours per week.
Between 35 to 40 hours

Job duties

Here are some of the main activities and tasks that Insurance underwriters have to perform, and some of the physical demands they involve:

  • Review individual and group applications for automobile, fire, health, liability, life, property, marine, aircraft and other insurance
  • Evaluate new and renewal applications to determine insurance risks, insurance premiums, extent of insurance coverage and other conditions of the insurance contract using medical reports, rate tables and other documents and reference materials; adjust premiums, coverage or risk itself to make acceptance of new and renewal applications possible
  • Approve sale of insurance policies and ensure compliance with government regulations
  • Provide recommendations on individual or group insurance plan designs
  • Provide underwriting advice and answer inquiries from clients and from insurance agents, consultants and other company personnel
  • Prepare underwriting reports and update insurance forms when necessary.

Physical demands Help - Physical Demands

  • Sitting

Workplaces and employers

Here are the typical workplaces where Insurance underwriters are employed and some of their main characteristics:

  • Head offices of insurance companies
  • Branches of insurance companies

Work environment Help - Physical Work Environment

  • Indoors, environmentally controlled

Physical proximity from others Help - Physical proximity from others

  • Somewhat close (e.g. share office)

Related job titles

Here are some other related job titles that are found in the same occupational category (NOC 12202), and a list of similar occupations:

  • group underwriter
  • insurance underwriter
  • liability underwriter
  • property underwriter

Similar occupations Help - Similar occupations

Sources Occupational and Skills Information System & National Occupational Classification

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