An insurance underwriter is a highly skilled person who decides on which insurance applications should be accepted and which should be turned down. He or she assesses a risk according to the likelihood of a claim being made by weighing up a number of factors and asking for detailed information from prospective clients.
If you have a passion for working in insurance field then this job will be a good option for you. Given below are some common interview questions that come up again and again during interviews for the post of insurance underwriter.
1. Please elaborate some of your skills and qualifications?
I have done BA in Business Management from one of the well known collages. I have excellent ability to access any investment plan and evaluate degree of risk involved in it. I have specialization in life, health, property, and casualty field of insurance. I possess very good troubleshooting skills, customer service skills, interpersonal, management, organizational and problem solving skills.
2. Tell us something about the responsibilities and authorities that you had in your previous positions?
I my previous job I performed various tasks, I had to study various insurance proposals, gather and assess background information, calculate possible risk and decide the premium, compute results for appropriate premiums using actuarial information, and negotiate terms with policyholders. I was also responsible for ensuring that premiums are competitive, writing policies and keeping detailed records of policies underwritten and decisions made.
3. What is your strength?
It is a very simple question and employer expects a simple answer for this question. You can say that- I am confident, punctual and organized person with excellent ability to motivate juniors towards obtaining organizational goals. I have the ability to work under pressure and in team as well as in independent work environment.
4. Why do you wish to join insurance sector?
The answer to this question will differ from person to person. The finest way to answer this question is to be as aware of your industry as possible. Talk about facts and figures like the size of the industry, how it is growing and annual growth rate. It is considered a nice way of explaining your motivation for joining insurance sector.
Well these are some important questions that are frequently asked in interviews for the post of insurance underwriter. Do not forget to say “Thank you” to the person or people who interviewed you. All the best to all the prospective candidates!
