| Category: | Insurance agency, |
|---|---|
| Address: | 10000 Wayne Rd, Romulus, MI 48174, USA |
| Postal code: | 48174 |
| Phone: | (734) 718-0867 |
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Job Description. As a commercial underwriter, you'll work for an insurance company, investigating commercial applicants who want to be insured by your employer. Your company may offer life, health, property, casualty, or other types of insurance. You'll determine whether the applicant is too high of risk or if they will prove to be too costly ...
Commercial underwriters' salaries vary depending on their level of education, years of experience, and the size and industry of the company. They may also earn additional compensation in the form of commissions and bonuses. Median Annual Salary: $72,500 ($34.86/hour) Top 10% Annual Salary: $153,000 ($73.56/hour)
Commercial underwriters analyze the credit qualifications of an applicant, including financial history, account statements, and outstanding loan applications, if any. They identify potential credit risks for the loan request and advice the applicants for alternative loan options according to their needs and qualifications. A commercial ...
Commercial underwriters make the most in Washington with an average salary of $70,976. Whereas in Massachusetts and New York, they would average $70,277 and $67,024, respectively. While commercial underwriters would only make an average of $65,408 in New Jersey, you would still make more there than in the rest of the country.
Commercial underwriters specifically perform this analysis in the context of commercial or business applicants for insurance companies. These professionals might assess applicants for property, casualty, life, health or other insurance policies and determine how expensive those applicants may be to insure. This information is an important part ...
Commercial underwriters are typically employed by insurance companies, financial institutions, accounting firms, marketing firms, and other businesses. However, as a commercial underwriter, you'll mostly work for an insurance firm, conducting investigations into commercial applicants who wish to be insured by your company. Commercial ...
Commercial Underwriter Responsibilities: Working closely with the sales and brokerage departments to obtain relevant documentation from clients. Screening and assessing new applications according to predetermined criteria. Ensuring that all relevant personal information on the client is captured accurately. Investigating a client's medical ...
Buy a Reliable Vehicle: Commercial underwriters can spend as much as 25% of their time traveling, so a reliable vehicle and a valid driver's license is important. Insurance Commercial Underwriter Job Requirements. There are bachelor's degree programs in insurance and risk management. This is ideal for underwriters, actuaries and other ...
Commercial underwriters are typically employed by insurance companies. According to the U.S. Bureau of Labor Statistics (BLS), as a commercial underwriter, you will use specialized software to evaluate the potential risks of insuring a prospective business (www.bls.gov). You will also calculate the premium and write the policies for coverage.
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