NOC 12202 - Insurance underwriters

Job Summary Assess insurance applications and determine risk exposure to support underwriting decisions. Apply industry guidelines and data analysis to develop policy terms and premium rates. Number of Positions 4 Main Duties Evaluate insurance applications, financial records, medical information and other documentation to determine eligibility and risk level. Analyze risk factors and calculate appropriate premium rates, coverage limits and policy exclusions in accordance with underwriting guidelines. Review and renew existing policies, adjusting terms based on claims history, market conditions and updated risk assessments. Collaborate with insurance brokers, agents, claims staff and other stakeholders to clarify coverage, resolve issues and ensure accurate documentation. Prepare and maintain thorough underwriting files, reports and correspondence for audit, regulatory compliance and management review. Use underwriting software, databases and analytical tools to perform risk modeling, ...