Assist in the development and monitoring of premium rates. Employers typically prefer at least five years of relevant experience for this position; many also prefer knowledge of the particular type of underwriting performed at the hiring organization.
Underwriter assistants must be comfortable using computer software programs to determine whether to approve or deny an applicant for insurance coverage. Additionally, they must be well organized, pay close attention to detail, skilled at multitasking, and efficient. Enter, review and maintain accurate records of new policies and renewals.
In all fields, assistant underwriters must cultivate good relationships with clients and be able to obtain client information quickly and accurately. However, they may work overtime, especially to assist underwriters with analyzing a large number of insurance applications.
Bureau of Labor Statistics. Assistant underwriters typically work as a subordinate to an underwriter and work in an office environment during regular business hours, although travel may occasionally be required for risk assessment.
They learn common insurance applications and various risk factors. Main Responsibilities Underwriter assistants provide support to underwriters and independent agents.
Professional Skills In this field, good communication and technical skills are very important. Depending on the size of the company, some underwriter assistants may work in an office focusing on particular types of insurance, such as commercial or life insurance.
Underwriter assistants also must be detail-oriented, especially when helping underwriters determine the risk for providing insurance to a client. Assist business development of new business opportunities with sales and marketing efforts.
In, people were employed in the U.
Under the guidance of underwriters and supervisors, they may analyze applications and screen applicants based on certain criteria. They may answer questions concerning a policy status or billing error on behalf of an underwriter or agent.
Working Environment Underwriter assistants work for a variety of employers including insurance companies, brokerage firms and businesses.
Work Experience Many underwriter assistants get their feet wet through training programs offered through companies and insurance associations, such as the Insurance Institute of America.Sep 17, · An entry-level Underwriting Assistant with less than 5 years of experience can expect to earn an average total compensation of $39, based on salaries provided by anonymous users.
Average total compensation includes. Underwriting Assistant average salary is $66, median salary is $- with a salary range from $51, to $82, Underwriting Assistant salaries are collected from government agencies and companies. Each salary is associated with a real job position.
Underwriting Assistant salary statistics is not exclusive and is for reference only. Underwriting Assistant in Colorado How much does a earn in Colorado? The average Underwriting Assistant salary in Colorado is $48, as of September 01,but the range typically falls between $41, and $54, If you are looking for a position in the insurance field, consider becoming an underwriter assistant.
According to killarney10mile.com, underwriters begin their careers as underwriter assistants performing a variety of tasks, such as collecting information on clients seeking insurance.
The average annual pay for an Insurance Underwriter Assistant Across the U.S. is $55, a year.
An Insurance Underwriter Assistant annual salary ranges from $21, to $, nationally. The average salary for an Underwriter is $58, per year in the United States.
Salary estimates are based on 5, salaries submitted anonymously to Indeed by Underwriter employees, users, and collected from past and present job advertisements on Indeed in the past 36 months.Download