How to Get an Insurance Underwriter's License

Insurance underwriters work in a specialized area of the industry. Their job is to evaluate insurance applications and determine the risk involved in issuing a policy to a potential client. Underwriters make the decision to accept or reject an insurance application, establish appropriate premium amounts for each policy issued and write policies that sufficiently cover the risks of individual policyholders. Larger insurance companies usually prefer candidates who have a bachelor’s degree, preferably in business administration or finance, or who have insurance-related experience. It is not necessary to get an insurance underwriter’s license, but special certifications known as designations, can be obtained through continuing education programs.
Obtain your college degree if you do not already have one. A bachelor’s degree in most fields, along with courses in business law or accounting, may suffice to get an entry-level job. It is also beneficial to have computer course work, as an underwriter’s job typically involves working with computer programs that assist with risk analysis.
Decide on the area of insurance underwriting in which you want to specialize. Generally, the majority of underwriters specialize in one of four insurance categories: health, life, property and casualty, or mortgage insurance. Life and health insurance underwriters can further specialize in either group or individual policies.
Apply for an entry-level job as an underwriter’s assistance or an underwriter trainee with an insurance company specializing in your area of interest. Frequently, underwriters start off in these positions, and through on-the-job training and continuing education courses, they can acquire a certification also known as a designation.


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