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An Insurance Underwriter assesses and evaluates insurance applications to determine the level of risk and the appropriate premium to charge. You might work for insurance companies, assessing various types of coverage such as health, life, or property insurance. Insurance Underwriters analyse data, review applicants' information, and make decisions on policy issuance. You’ll ensure that insurance policies align with the company’s risk management guidelines and regulatory requirements.
Insurance Underwriters play a critical role in managing financial risk for insurance companies. You’ll need strong analytical skills, attention to detail, and the ability to make sound decisions. Effective communication skills are essential as you’ll need to explain underwriting decisions and policy details to clients and other stakeholders.
There is one course available for people who want to become an Insurance Underwriter.
Possible job outcomes:
The Master of Actuarial Science is designed to provide students with a deep understanding of actuarial principles and practices. This course equips students with analytical skills to assess financial risks and offers insights into insurance, pensions, and financial planning. It covers a range of topics including probability, statistics, and financial mathematics, essential for actuarial analysis. Ideal for those with a strong interest in mathematics and finance, this course prepares graduates for a challenging and rewarding career in the actuarial profession. .
Average duration: 18 months.
We’ll find nearby campuses and check if you’re eligible for funding in your state.
Here are some potential career pathways within insurance services. Click on an occupation to learn more about the role and the qualifications that can help you get started in this industry.
Insurance Services
Assistant Broker
$960 weekly pay
Assistant Underwriter
Claims Officer
$1,050 weekly pay
Actuarial Analyst
$1,250 weekly pay
Claims Consultant
$1,150 weekly pay
Claims Specialist
Insurance Analyst
Insurance Broker
$1,350 weekly pay
Insurance Claims Assessor
$1,540 weekly pay
Insurance Consultant
Insurance Specialist
Insurance Underwriter
Actuarial Consultant
$1,500 weekly pay
Risk Advisor
Risk Analyst
$1,920 weekly pay