Underwriters for personal lines typically assess individual customers of insurance agencies to decide whether or not they are eligible to receive the agency's services. They make these determinations based on each individual's risks, including with a review of paperwork such as tax returns, financial statements, credit bureau information, and other relevant documentation. They also need to evaluate potential clients' needs associated with the requested insurance. Underwriters for personal lines must answer all customer questions and respond to their inquiries in a timely, helpful manner. They also need to effectively provide information about their company's products, ensure that clients' files remain accurate and up to date, and be able to explain to others within their organization why they made particular credit-related decisions.
Underwriter, Personal Lines Tasks
Manage underwriting territory and select new business based on analysis of their profitability.
Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
Underwrite, submit, approve or pend loans, and present decisions to management.
Monitor existing policies for compliance with company guidelines.