An associate underwriter is a person who is evaluating the risk that you are to the insurance company. From the time you put in an application for insurance, there is an approval process (often called the underwriting process) that is what an associate underwriter is in charge of. when the policy is issued, that means that the underwriting process was complete and you where approved for insurance. The underwriting process is very necessary and important to every insurance company. Risk is how insurance company's factor the cost they will charge you. If you are more or less of a risk than the risk class you were quoted, the company would likely adjust the premiums (payments) accordingly or possibly not issue the policy at all(if you are to much of a risk). For example lets say you are quoted a 50 dollar monthly premium for auto insurance. That cost is calculated from the risk class in which you were quoted, but lets say for example that you had D.U.I. that was not mentioned during the quoting process. A D.U.I. would probably put you in a more risky (costly) class than what you were quoted(someone with out a D.U.I.). It is the underwriters job to see that you are assigned to the correct insurable risk class so that the insurance company collects the correct premium for how much of a risk someone with your background and situation is. If the underwriter discovers you are to much of a risk for that company, they may not insure you at all. If you have life insurance and want to be sure of what you have and what all the facts are for your exact case, get a free analysis from a team of professionals, just so there is no surprises.
What does an auto insurance underwriter do?
It take several years to become an underwirter. Underwriter require high energy levels and strong communication and negotiation skills. I dont believe that you can work at home as an underwriter.
The lead underwriter on the Compaq IPO was Morgan Stanley. It is an American multinational financial services corporation that served as lead underwriter for other large corporations.
The underwriter can require anything they wish.
To be a mortgage underwriter means that one determines if the risk of lending money to an individual is acceptable. Today, mortgage underwriter and banks use computer models to help determine this risk.
Griswell received his Chartered Life Underwriter designation in 1976
The insurance underwriter organization obviously
There are many real estate job titles. Among them are Broker, Agent, Associate Broker, Closing Agent, Loan Processor, Inspector, Loan Underwriter, and Load Documents Closer.
an underwriter is defined as an individual or firm involved in critically analysing and determining risks and what insurance policies to take and which is best to take.
An insurance underwriter usually makes around 50,000 dollars a year. The salary will vary depending on who they work for.