Entry-level jobs as an Insurance Underwriter are available among many insurance companies as they play a crucial role in their daily operations. The educational requirements for this position include completing secondary education and possessing a college or university bachelor's degree in Administration, Business Management, Economics, Finance, Mathematics, or Statistics. 

There are several paths you can take to become an Insurance Underwriter. Applicants with at least two years of previous work experience in Retail, Sales, or Customer Service will have increased chances of being selected. Some companies may require that you have a master's degree in business administration (MBA) or a Certified Insurance Counselor (CIC) designation. You can also become an Insurance Underwriter through on-the-job training.

Career paths for Insurance Underwriters vary depending on the size of the company you work for and your experience level. Most Underwriters start out working in entry-level positions, such as trainees or risk analysts. As you gain experience, you may move up to senior underwriter or manager positions. Some Underwriters also become Insurance Brokers or Agents.

What is required to become an Insurance Underwriter

• Outstanding mathematical, statistical, and numerical skills

Insurance Underwriters calculate potential risks and losses based on statistics, work with long and complex spreadsheets, calculate premiums, and take care of payment arrangements. Mathematical and statistical skills are necessary for completing an Underwriter's daily tasks.

• Exceptional communicational and interpersonal skills

Underwriters must communicate clearly to create strong and communicative relationships with customers and coworkers. They are also regularly in contact with medical experts and other specialists to collect reports based on examinations. Lastly, they should be adept in listening carefully and understanding clients' inquiries to assess and resolve any issues promptly. They should have a friendly manner to engage in positive interactions with clients. 

• Excellent time management and organizational skills

A good Insurance Underwriter can take on several tasks at the same time and is comfortable working in a dynamic, fast-paced environment both independently and as part of a team.