UK Career Advice

Underwriting Manager: Key Skills, Qualifications and Career Path

Career Overview
Interview Questions

What is a Underwriting Manager?

An Underwriting Manager oversees a team of insurance underwriters, ensuring they accurately identify and assess the potential risks associated with providing insurance coverage to clients. They also play a critical role in decision making about issuing insurance policies, setting premiums, and determining the terms of coverage.

How do I become a Underwriting Manager?

An Underwriting Manager oversees a team of insurance underwriters, ensuring they accurately identify and assess the potential risks associated with providing insurance coverage to clients. They also play a critical role in decision making about issuing insurance policies, setting premiums, and determining the terms of coverage.

What would you like to know?

What does it take to become an Underwriting Manager?

Skills, education, personality, career progression

Job demand for an Underwriting Manager

Job ads, popular location, season to apply



Skills

  • Risk assessment and analysis
  • Strong knowledge of insurance policies and regulations
  • Excellent decision-making and problem-solving abilities
  • Effective communication and negotiation skills
  • Attention to detail and accuracy in evaluating insurance applications
  • Proficiency in data analysis and interpretation
  • Ability to manage and prioritize multiple tasks and deadlines
  • Strong analytical and critical thinking skills
  • Knowledge of industry trends and market conditions
  • Ability to work well in a team and collaborate with various stakeholders

Qualifications & Education

  • No formal academic requirements
  • Associateship examinations of the Chartered Insurance Institute (expected by many employers)
  • GCSEs/S grades
  • A levels/H grades
  • Advanced GNVQ/GSVQ Level III
  • BTEC/SQA award

Career Path

Underwriting Manager
Risk Manager
Insurance Claims Manager
Insurance Operations Director
Chief Risk Officer
Underwriting Director
Chief Underwriting Officer
Product Development Manager
Product Development Director
Actuarial Analyst
Actuarial Manager
Chief Actuary
Commercial Underwriter
Senior Commercial Underwriter

Frequently Asked Questions

What does an underwriting manager do?

An underwriting manager in the UK is responsible for overseeing the review and approval process for complex cases. They define and establish procedures for risk criteria, application and renewal, and acceptance and rejection.

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