Insurance Underwriting Assistant: Key Skills, Qualifications and Career Path
Learn about the key skills, qualifications, and career path for a Insurance Underwriting Assistant
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Practice Now »What is a Insurance Underwriting Assistant?
An Insurance Underwriting Assistant supports senior underwriters in evaluating risks and determining coverage terms for insurance policies. They perform crucial administrative tasks, such as gathering client information and data analysis, to assist in the decision-making process within the pensions and insurance industry.
Skills
- Strong attention to detail and accuracy in data entry and analysis
- Excellent communication skills, both written and verbal, to effectively communicate with clients and colleagues
- Ability to work independently and as part of a team, with a strong work ethic and time management skills
- Knowledge of insurance policies and regulations, including risk assessment and underwriting guidelines
- Proficiency in computer software and databases, including Microsoft Office and insurance-specific software
- Strong problem-solving skills and ability to think critically to resolve issues
- Ability to maintain confidentiality and handle sensitive information with discretion
- Strong customer service skills to provide support to clients and agents
- Flexibility and adaptability to changing priorities and deadlines
- Knowledge of financial and accounting principles, including basic math skills
Qualifications & Education
- No minimum academic requirements
- Typically possess GCSEs/S grades
- On-the-job training provided
- NVQs/SVQs available in some areas
- Apprenticeships available
- Professional qualifications available in some areas
Career Path
Frequently Asked Questions
To become an assistant underwriter in the UK, you will need relevant insurance experience, preferably within the European or London Market. You should also have good verbal and written communication skills, good MS Office skills (especially Excel), experience of working to varying and sometimes tight deadlines, the ability to work independently, and strong analytical skills.
Yes, underwriting can be a stressful job.
An insurance underwriting assistant provides research and clerical support to determine whether clients qualify for insurance policies. They gather financial and statistical information and letters with the information provided by an underwriter.
Identify your strengths and weakness in a realistic Insurance Underwriting Assistant mock interview, under 10 minutes
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