Insurance Underwriter Resume Example

Common Responsibilities Listed on Insurance Underwriter Resumes:

  • Analyze and evaluate insurance applications to determine risk and establish premiums
  • Review and assess medical records, credit reports, and other documents to determine eligibility for coverage
  • Develop and maintain relationships with agents and brokers to ensure accurate and timely processing of applications
  • Monitor and review existing policies to ensure compliance with regulations
  • Negotiate terms and conditions of coverage with customers
  • Develop and implement underwriting guidelines and procedures
  • Monitor and analyze industry trends to identify potential risks and opportunities
  • Develop and maintain relationships with reinsurers to ensure adequate coverage
  • Analyze and evaluate claims to determine coverage and liability
  • Prepare and present reports to management on underwriting activities
  • Train and mentor junior underwriters on underwriting procedures and processes

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Insurance Underwriter Resume Example:

An effective Insurance Underwriter resume should emphasize the candidate's ability to develop and implement underwriting guidelines and procedures, as well as their skills in analyzing and evaluating insurance applications to determine risk and establish premiums. Additionally, showcasing experience in training and mentoring junior underwriters, monitoring industry trends, and negotiating terms and conditions of coverage with customers can further demonstrate the candidate's expertise and value to potential employers. Highlighting quantifiable achievements, such as improvements in processing time, accuracy, policy sales, and customer satisfaction, can help set the candidate apart from the competition.
Harrison Lockhart
harrison@lockhart.com
(101) 112-2233
linkedin.com/in/harrison-lockhart
@harrison.lockhart
Insurance Underwriter
Experienced Insurance Underwriter with 4 years of expertise in risk assessment, policy sales, and team management. Developed and implemented underwriting guidelines resulting in a 20% reduction in processing time and a 15% increase in accuracy. Negotiated terms and conditions of coverage with customers, resulting in a 25% increase in policy sales and a 10% increase in customer satisfaction.
WORK EXPERIENCE
Insurance Underwriter
03/2022 – Present
Harborview Insurance
  • Developed and implemented underwriting guidelines and procedures, resulting in a 20% reduction in processing time and a 15% increase in accuracy of risk assessment.
  • Negotiated terms and conditions of coverage with customers, resulting in a 25% increase in policy sales and a 10% increase in customer satisfaction.
  • Trained and mentored junior underwriters on underwriting procedures and processes, resulting in a 30% improvement in their performance and a 15% increase in team productivity.
Insurance Analyst
03/2020 – 03/2022
Crestview Insurance
  • Analyzed and evaluated insurance applications to determine risk and establish premiums, resulting in a 20% increase in policy sales and a 10% increase in revenue.
  • Monitored and reviewed existing policies to ensure compliance with regulations, resulting in a 15% reduction in policy cancellations and a 10% increase in customer retention.
  • Prepared and presented reports to management on underwriting activities, resulting in a 25% improvement in decision-making and a 20% increase in operational efficiency.
Insurance Analyst
03/2019 – 03/2020
Horizon Insurance
  • Reviewed and assessed medical records, credit reports, and other documents to determine eligibility for coverage, resulting in a 20% reduction in fraudulent claims and a 15% increase in policy accuracy.
  • Analyzed and evaluated claims to determine coverage and liability, resulting in a 25% reduction in claim processing time and a 20% increase in customer satisfaction.
  • Monitored and analyzed industry trends to identify potential risks and opportunities, resulting in a 30% improvement in risk assessment and a 25% increase in policy sales.
SKILLS & COMPETENCIES
  • Risk assessment and analysis
  • Underwriting guidelines and procedures
  • Negotiation and communication
  • Training and mentoring
  • Insurance application evaluation
  • Regulatory compliance monitoring
  • Report preparation and presentation
  • Document review and assessment
  • Claims analysis and evaluation
  • Industry trend analysis
  • Customer service and satisfaction
  • Time management and efficiency
  • Attention to detail
  • Decision-making
  • Teamwork and collaboration
COURSES / CERTIFICATIONS
Associate in Commercial Underwriting (ACU)
04/2023
The Institutes
Chartered Property Casualty Underwriter (CPCU)
04/2022
The Institutes
Associate in Personal Insurance (API)
04/2021
The Institutes
Education
Bachelor of Science in Risk Management and Insurance
2016 - 2020
Ball State University
Muncie, IN
Risk Management and Insurance
Actuarial Science

Top Skills & Keywords for Insurance Underwriter Resumes:

Hard Skills

  • Risk Assessment and Analysis
  • Underwriting Guidelines and Procedures
  • Insurance Policy Review and Analysis
  • Financial Analysis and Modeling
  • Regulatory Compliance Knowledge
  • Claims Investigation and Analysis
  • Data Analysis and Interpretation
  • Insurance Industry Knowledge
  • Loss Control and Prevention
  • Contract Review and Analysis
  • Customer Service and Communication
  • Negotiation and Decision Making

Soft Skills

  • Attention to Detail and Accuracy
  • Analytical and Critical Thinking
  • Decision Making and Risk Assessment
  • Communication and Interpersonal Skills
  • Time Management and Prioritization
  • Adaptability and Flexibility
  • Customer Service and Relationship Building
  • Problem Solving and Conflict Resolution
  • Teamwork and Collaboration
  • Organizational and Planning Skills
  • Emotional Intelligence and Empathy
  • Ethics and Integrity

Resume Action Verbs for Insurance Underwriters:

  • Analyzed
  • Evaluated
  • Assessed
  • Underwrote
  • Mitigated
  • Negotiated
  • Scrutinized
  • Appraised
  • Approved
  • Calculated
  • Investigated
  • Delegated
  • Collaborated
  • Communicated
  • Reviewed
  • Recommended
  • Implemented
  • Monitored

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Resume FAQs for Insurance Underwriters:

How long should I make my Insurance Underwriter resume?

The ideal length for an Insurance Underwriter resume should be no more than one to two pages. However, the length of the resume may vary depending on the individual's experience and career stage. For entry-level or early-career Insurance Underwriters, one page is usually sufficient. Experienced Insurance Underwriters with extensive accomplishments and a longer work history may require two pages, but it's essential to ensure that every piece of information is relevant and valuable. When determining what to include on your resume, prioritize the most relevant and recent experience, skills, and achievements. Focus on the accomplishments that demonstrate your expertise in underwriting and your ability to drive results. Use concise language and bullet points to describe your experience and achievements, avoiding long paragraphs or unnecessary details. Customize your resume for each job application, focusing on the skills and experiences most relevant to the specific Insurance Underwriter role you're applying for. This will help you present a targeted and impactful resume, while also ensuring you stay within the one to two-page limit.

What is the best way to format a Insurance Underwriter resume?

The best way to format an Insurance Underwriter resume is to create a clear, concise, and visually appealing document that effectively showcases your skills, experience, and achievements. Here are some tips and recommendations for formatting an Insurance Underwriter resume: Consistent formatting: Ensure consistency in formatting throughout your resume, including font size, typeface, and spacing. Using a consistent format helps make your resume easy to read and navigate, making it more likely that hiring managers will review your entire document. Clear section headings: Clearly label each section of your resume (e.g., "Summary," "Experience," "Skills," "Education") with bold or underlined headings. This helps guide the reader's eye and makes it easier for them to find the information they're looking for. Use bullet points: Use bullet points to present your experience and achievements in a concise and easy-to-read format. This helps break up large blocks of text and enables hiring managers to quickly scan your resume for relevant information. Reverse chronological order: Present your work experience in reverse chronological order, starting with your most recent position and working backward. This format is preferred by most hiring managers, as it allows them to easily review your career progression and most recent accomplishments. In addition, Insurance Underwriters should focus on highlighting their analytical skills, attention to detail, and ability to make sound judgments. Including specific examples of successful risk assessments and underwriting decisions can help demonstrate your expertise in the field. It is also important to showcase any relevant certifications or licenses, such as the Chartered Property Casualty Underwriter (CPCU) designation.

Which keywords are important to highlight in a Insurance Underwriter resume?

Insurance Underwriters are held to a high standard, and to create a strong resume that showcases your skills and expertise in the insurance underwriting field, it's essential to include relevant keywords and action verbs. These terms will help your resume stand out to hiring managers and applicant tracking systems. Here are some recommendations for keywords and action verbs to consider incorporating into your resume: Keywords: 1. Risk assessment 2. Policy issuance 3. Coverage analysis 4. Premium determination 5. Loss control 6. Compliance 7. Underwriting guidelines 8. Financial analysis 9. Reinsurance 10. Claims management 11. Insurance products (e.g., property, casualty, life, health) 12. Market trends 13. Regulatory requirements 14. Portfolio management 15. Customer service Action verbs: 1. Analyzed 2. Evaluated 3. Assessed 4. Reviewed 5. Negotiated

How should I write my resume if I have no experience as a Insurance Underwriter?

Writing a resume with little to no experience as an Insurance Underwriter can be challenging, but it's not impossible. By focusing on your transferable skills, relevant coursework, and demonstrating your passion for the insurance industry, you can create a resume that stands out to hiring managers and recruiters. Here are some tips to help you craft an effective resume: Emphasize transferable skills: Even if you don't have direct insurance underwriting experience, you likely have transferable skills that are valuable in the field. These can include analytical thinking, attention to detail, risk assessment, communication, and problem-solving. Make sure to highlight these skills throughout your resume. Showcase relevant coursework: If you've taken any courses, either in school or as part of your previous roles, that are related to insurance underwriting, make sure to include them on your resume. This can include courses in risk management, insurance law, finance, or statistics. Explain your understanding of the concepts and how they relate to the insurance industry. Highlight education and certifications: If you have a degree in a relevant field, such as finance, business, or mathematics, be sure to mention it. Additionally, include any insurance underwriting certifications or courses you've completed, such as the Chartered Property Casualty Underwriter (CPCU) or courses from platforms like The Institutes or The National Alliance. Demonstrate your passion for the industry: Lastly, make sure to demonstrate your passion for the insurance industry. This can include any relevant volunteer work, internships, or extracurricular activities. Additionally, explain why you are interested in insurance underwriting and how you plan to contribute to the industry. By following these tips, you can create a resume that showcases your potential as an Insurance Underwriter, even with little to no experience.

Compare Your Insurance Underwriter Resume to a Job Description:

See how your Insurance Underwriter resume compares to the job description of the role you're applying for.

Our new Resume to Job Description Comparison tool will analyze and score your resume based on how well it aligns with the position. Here's how you can use the comparison tool to improve your Insurance Underwriter resume, and increase your chances of landing the interview:

  • Identify opportunities to further tailor your resume to the Insurance Underwriter job
  • Improve your keyword usage to align your experience and skills with the position
  • Uncover and address potential gaps in your resume that may be important to the hiring manager

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