Careers

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In
Insurance Underwriters
Introduction
Eligibility
Job Prospects
Remuneration
Institutes

Introduction

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As long as Insurance is considered a necessity for

people and business, there will be scope for
underwriters. To 'underwrite' means to accept liability
for possible losses by clients. Underwriters calculate the
financial risk of insuring a business or an entity, for
prospective and current clients. Underwriters are active
in different lines of insurance business, such as auto,
home, commercial and farm insurance, individual, life
and group life and health.

Eligibility

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Degree in finance and business administration with course

in accounting. For health and life insurance underwriting,
a degree in medical or paramedical field is important

Job Prospects

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Being an Insurance underwriter is an excellent career option

in the financial sector, to be more specific in the Insurance
career. People who enjoy analyzing information and are detail
oriented find underwriting a suitable and satisfying job
option. It is expected that the need for underwriters will
remain constant throughout time, as insurance is considered
to be a necessity for individuals and businesses both in good
times and in times of crisis. It is considered as a profession
that is less subject to recession compared to other career
fields.

Remuneration

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An Insurance Underwriter earns an average salary of Rs

342,797 per year.

Institutes
Institute for Finance, Banking
Bangalore/Bengalooru, Karnataka.

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and

Insurance,

Amity School of Insurance and Actuarial Sciences, Noida,

Delhi NCR.
MAEER's MIT College of Insurance, Pune, Maharashtra.
Institute Of Insurance And Risk Management, Arunachal
Pradesh-Other, Arunachal Pradesh.