Carrers in insurance underwriters

Careers

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In Insurance Underwriters Introduction Eligibility Job Prospects Remuneration Institutes

Introduction

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As long as Insurance is considered a necessity for people and business, there will be scope for underwriters. To 'underwrite' means to accept liability for possible losses by clients. Underwriters calculate the financial risk of insuring a business or an entity, for prospective and current clients. Underwriters are active in different lines of insurance business, such as auto, home, commercial and farm insurance, individual, life and group life and health.

Eligibility

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Degree in finance and business administration with course in accounting. For health and life insurance underwriting, a degree in medical or paramedical field is important

Job Prospects

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Being an Insurance underwriter is an excellent career option in the financial sector, to be more specific in the Insurance career. People who enjoy analyzing information and are detail oriented find underwriting a suitable and satisfying job option. It is expected that the need for underwriters will remain constant throughout time, as insurance is considered to be a necessity for individuals and businesses both in good times and in times of crisis. It is considered as a profession that is less subject to recession compared to other career fields.

Remuneration

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An Insurance Underwriter earns an average salary of Rs 342,797 per year.

Institutes Institute for Finance, Banking Bangalore/Bengalooru, Karnataka.

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and

Insurance,

Amity School of Insurance and Actuarial Sciences, Noida, Delhi NCR. MAEER's MIT College of Insurance, Pune, Maharashtra.

Institute Of Insurance And Risk Management, Arunachal Pradesh-Other, Arunachal Pradesh.