CompGeo Salary Survey Benchmark Job Summary and Competencies

Insurance Underwriters

The Benchmark Job Description below represents the specific Position Characteristics of the job used in the Salary Survey. Benchmark Job Descriptions should be inspected carefully to review the degree of matching between an organizations' Job and the Salary Survey Benchmark. Matching internal Jobs to Salary Survey Benchmark Jobs should not be done on Job Title alone. A thorough comparison of Salary Survey Benchmark to Internal Job Descriptions is recommended. A good overlap should exist on any comparisons used on critical Job Dimensions and Competencies.
 
CompGeo Occupation Group: Insurance
Job Family: Underwriting
Benchmark Title: Insurance Underwriters
 
Summary Job Description Tasks
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications. Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.
 
Decline excessive risks.
 
Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies.
 
Evaluate possibility of losses due to catastrophe or excessive insurance.
 
Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe profitable distribution of risks, using reference materials.
 
Review company records to determine amount of insurance in force on single risk or group of closely related risks.
 
Authorize reinsurance of policy when risk is high.
 
 
CompGeo Occupation Group: Insurance
Job Family: Underwriting
Benchmark Title: Insurance Underwriters
 
Important Knowledge Competencies Competency Description
Medicine and Dentistry Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
 
English Language Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
 
Customer and Personal Service Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
 
Mathematics Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
 
Clerical Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
 
Education and Training Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
 
Computers and Electronics Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
 
Administration and Management Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
 
Therapy and Counseling Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
 
Sales and Marketing Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
 
 
CompGeo Occupation Group: Insurance
Job Family: Underwriting
Benchmark Title: Insurance Underwriters
 
Important Skill Competencies Competency Description
Reading Comprehension Understanding written sentences and paragraphs in work related documents.
 
Active Listening Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
 
Judgment and Decision Making Considering the relative costs and benefits of potential actions to choose the most appropriate one.
 
Speaking Talking to others to convey information effectively.
 
Critical Thinking Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
 
Writing Communicating effectively in writing as appropriate for the needs of the audience.
 
Complex Problem Solving Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
 
Time Management Managing one's own time and the time of others.
 
Social Perceptiveness Being aware of others' reactions and understanding why they react as they do.
 
Active Learning Understanding the implications of new information for both current and future problem-solving and decision-making.
 
Coordination Adjusting actions in relation to others' actions.
 
Systems Analysis Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
 
Mathematics Using mathematics to solve problems.
 
Monitoring Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
 
Service Orientation Actively looking for ways to help people.
 
Systems Evaluation Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
 
Learning Strategies Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
 
 
CompGeo Occupation Group: Insurance
Job Family: Underwriting
Benchmark Title: Insurance Underwriters
 
Important Ability Competencies Competency Description
Written Comprehension The ability to read and understand information and ideas presented in writing.
 
Oral Comprehension The ability to listen to and understand information and ideas presented through spoken words and sentences.
 
Oral Expression The ability to communicate information and ideas in speaking so others will understand.
 
Written Expression The ability to communicate information and ideas in writing so others will understand.
 
Inductive Reasoning The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
 
Deductive Reasoning The ability to apply general rules to specific problems to produce answers that make sense.
 
Speech Clarity The ability to speak clearly so others can understand you.
 
Problem Sensitivity The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
 
Near Vision The ability to see details at close range (within a few feet of the observer).
 
Speech Recognition The ability to identify and understand the speech of another person.
 
Information Ordering The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
 
Category Flexibility The ability to generate or use different sets of rules for combining or grouping things in different ways.
 
Selective Attention The ability to concentrate on a task over a period of time without being distracted.
 
Mathematical Reasoning The ability to choose the right mathematical methods or formulas to solve a problem.
 
Flexibility of Closure The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
 
Number Facility The ability to add, subtract, multiply, or divide quickly and correctly.
 
 
CompGeo Occupation Group: Insurance
Job Family: Underwriting
Benchmark Title: Insurance Underwriters
 
Tools/Technology Example Product Category
Anodas Software Limited Phoenix Enterprise resource planning ERP software
 
CSC nbAccelerator Enterprise resource planning ERP software
 
Consilience Software Maven Insurance Automation Suite Enterprise resource planning ERP software
 
Database software Data base user interface and query software
 
Fair Isaac Enterprise Decision Management for Insurance Enterprise resource planning ERP software
 
FileNet Content Manager Document management software
 
Fiserv Advanced Underwriting Financial analysis software
 
LabOne NET Financial analysis software
 
Microsoft Excel Spreadsheet software
 
Microsoft PowerPoint Presentation software
 
Microsoft Word Word processing software
 
NIIT Technologies WinRisk Financial analysis software
 
QualCorp FormsPlus Enterprise resource planning ERP software
 
RGA AURA Financial analysis software
 
RGA Facultative Application Console Financial analysis software
 
SIS SEMCI PARTNER Enterprise resource planning ERP software
 
Skywire Software InsBridge Enterprise resource planning ERP software
 
Spreadsheet software Spreadsheet software
 
Valen Technologies Risk Manager Financial analysis software
 
Web browser software Internet browser software
 
Word processing software Word processing software
 
10-key calculators Calculators or accessories
 
Desktop computers Desktop computers
 
Notebook computers Notebook computers
 
Personal computers Personal computers
 
 
CompGeo Occupation Group: Insurance
Job Family: Underwriting
Benchmark Title: Insurance Underwriters
 
Prerequisite Qualification Category Education and Experience Level
Required Level of Education Bachelor's Degree
 
On-the-Job Training Over 6 months, up to and including 1 year
 
Related Work Experience Over 2 years, up to and including 4 years
 
 
CompGeo Occupation Group: Insurance
Job Family: Underwriting
Benchmark Title: Insurance Underwriters
 
Alternate Job Title(s)
Account Underwriter
Automobile and Property Underwriter
Bond Underwriter
Commercial Lines Underwriter
Commercial Underwriter
Customer Service Representative
Health Underwriter
Insurance Analyst
Insurance Underwriter
Insurance Writer
Life Underwriter
Marine Underwriter
Personal Lines Underwriter
Property Underwriter
Reviewer
Reviewer Sales
Risk Analyst
Underwriter
Underwriting Account Representative
Underwriting Consultant
Underwriting Director
Underwriting Manager
Underwriting Service Representative
 
CompGeo Occupation Group: Insurance
Job Family: Underwriting
Benchmark Title: Insurance Underwriters
 
 
.
 
CompGeo Professional Salary Survey and Total Compensation Forecast Options
 
Professional Total Compensation Forecast Library
Regional Online Access Subscription Options. Online Salary Survey Forecast Library Subscriptions include Access To All 23 CompGeo Salary Survey Career Occupation Groups covering thousands of Salary Survey Benchmarks with Salary and Compensation Forecasts over a eight year time period - an unmatched feature in the Salary and Compensation Forecast Business Realm.. Direct Pay, Fringe Benefit Costs and Total Compensation Forecasts included. Compensation Forecasts are present for all CompGeo Salary Survey Benchmarks along with Salary Survey Aging Factors for ea ch Projection Date. All Salary Survey Forecast Reports include a Companion Excel Salary Survey Forecast Data Sheet.
 
CompGeo Professional Salary Survey Report and Forecast Samples
CompGeo Salary Survey Report Samples
Samples and Pricing for all CompGeo Online Professional Report and Online Forecast Library Subscription Options.
 
 
 
Copyright © 1995 - 2018 International Compensation Technologies and The Clayton Wallis Company.
All Rights Reserved World Wide ictcw.com
Member, WorldatWork - Formerly American and Canadian Compensation Associations (ACA/CCA)