The Underwriter's job in the Insurance industry is to understand and quantify the risk of a life insurance and other insurance products. Underwriters both assess risk of loss, and assess the appropriate premium to cover this risk. Underwriters often have a strong background in business, accounting or actuarial work. Ease with using insurance industry proprietary software, as well as data banks, is also important.

Responsibilities Include

  • Understanding the all of the risks associated with an insurance product
  • Familiarity with a broad range of economic, demographic, and other trends affecting the assessment of risk
  • Ability to work with outside sources of information including medical reports, actuarial studies and external data banks
  • Implementing the firm's policies and procedures

Earning Potential

$41,000-$60,000/year
Avg Salaries from Canadian job sites

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Required & Recommended Credentials and Courses

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