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Underwriter
Underwriters examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property. They decline excessive risks. Underwriters write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company-underwriting policies. Underwriters evaluate possibility of losses due to catastrophe or excessive insurance. Underwriters decrease the value of a policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe profitable distribution of risks, using reference materials. Underwriters review company records to determine amount of insurance in force on single risk or group of closely related risks. Underwriters authorize reinsurance of a policy when risk is high.
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