Marg Career Library - Insurance Underwriters

Overview:

Examine individual insurance applications to determine the level of risk involved and whether or not they should be accepted.

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Allow for policy reinsurance when the risk is significant.
Reduce the value of the policy when the risk is poor, and use reference materials to identify suitable endorsements or apply rating to ensure a safe and lucrative risk distribution.
Assess the likelihood of losses due to a disaster or excessive insurance.
Examine corporate data to assess the amount of insurance coverage in place for a single risk or a set of risks that are closely connected.
Examine papers to establish the degree of risk posed by factors such as the applicant's health, financial situation and worth, and the property's condition.