How can I become an insurance underwriter?

How to Become an Insurance Underwriter

• Answer:

  Insurance underwriters are an important part of insurance companies' teams. Underwriters calculate loss from policyholders, write policies and establish rates to cover the losses from the policyholders. They determine whether to issue insurance policies to policyholders. Basically, in this job, you will need strong computer skills, strong accounting skills and good customer service skills. Read on to learn more. Difficulty: Moderately Easy Instructions Go to college. You will likely need a Bachelor's Degree to be hired as an insurance underwriter. Most insurance companies prefer that your degree is in business, finance, economics or accounting, though having taken courses in these subjects may be enough. Get a job with an insurance company as an underwriter. If you have no experience, you will go through a period of training where you study files and learn how to write policies and assess risk. Expect to need continuing education to keep up in the complex field of writing insurance policies. Each insurance company will require different education and may or may not offer incentives or pay for the education (though most will). You can earn designations such as Associate in Commercial Underwriting (ACU) and Associate of Personal Insurance (API) with your continuing education. Speak to your insurance company to see if they want to you get these designations.