12202 – Insurance underwriters



12202 – Insurance underwriters
Insurance underwriters review and evaluate insurance applications to determine insurance risks, insurance premiums and extent of insurance coverage according to company policies. They are employed at head and branch offices of insurance companies.


Index of titles
Accident and sickness underwriter - insurance
Assistant underwriter - insurance
Automobile and home insurance consultant
Automobile underwriter - insurance
Boiler and machinery underwriter - insurance
Casualty insurance products analyst-designer
Casualty underwriter - insurance
Commercial underwriter - insurance
Farm underwriter - insurance
Fire underwriter - insurance
Group underwriter
Group underwriter - insurance
Head office underwriter - insurance
Home office underwriter - insurance
Insurance rating analyst
Insurance underwriter
Junior underwriter - insurance
Liability underwriter
Life underwriter
Marine and aircraft underwriter - insurance
Marine underwriter - insurance
Package underwriter - insurance
Personal lines underwriter
Property underwriter
Property underwriter - insurance
Public liability underwriter - insurance
Reinsurance underwriter - insurance
Senior underwriter - insurance
Surety underwriter - insurance
Underwriter - insurance


Main duties
This group performs some or all of the following duties:
Review individual and group applications for automobile, fire, health, liability, life, property, marine, aircraft and other insurance
Evaluate new and renewal applications to determine insurance risks, insurance premiums, extent of insurance coverage and other conditions of the insurance contract using medical reports, rate tables and other documents and reference materials; adjust premiums, coverage or risk itself to make acceptance of new and renewal applications possible
Approve sale of insurance policies and ensure compliance with government regulations
Provide recommendations on individual or group insurance plan designs
Provide underwriting advice and answer inquiries from clients and from insurance agents, consultants and other company personnel
Prepare underwriting reports and update insurance forms when necessary.


Employment requirements
Completion of secondary school and some general insurance experience or a bachelor's degree, college diploma or some post-secondary education is required.
Several years of on-the-job training and completion of insurance industry underwriting courses and training programs are required.


Additional information
Completion of educational programs through the Insurance Institute of Canada or its provincial counterparts entitles insurance underwriters to professional recognition as a Chartered Insurance Professional (CIP) and, with additional university courses, as a Fellow, Chartered Insurance Professional (FCIP).
Progression to management positions in the insurance industry is possible with experience.


Insurance agents and brokers (63100)
Insurance manager (in 10020 Insurance, real estate and financial brokerage managers)