How to Train an Underwriter

An underwriter is a professional trained to assess the risks of undertaking a certain business venture. According to the United States Bureau of Labor Statistics, 67 percent of underwriters are employees in the insurance sector, who act as a link between the insurance company and prospective customers. A well-trained expert underwriter is vital in ensuring increased profits in a company or organization.

Instructions

    • 1

      Place the newly employed underwriter in a trainee or assistant position. Put him under the supervision of an employee who is an expert risk analyst in your field; he will act like a role model. Instruct him to partake in the meetings organized with the supervisor and take notes on how he converses with potential clients and the techniques he employs when evaluating the risks and benefits before engaging in a business with a particular client. The supervisor is also available to answer any questions he may have concerning the job.

    • 2

      Assign her basic tasks such as, collecting information on prospective customers and studying risk factors associated with routine applications. This presents the initial information that she should acquaint herself with, when dealing with a potential client.

    • 3

      Provide in-depth internal training to the trainee underwriter. This involves organizing training sessions with experts in the field or employees in your own department who will avail information on the businesses undertaken for example, terms set for allowing customers to get insurance and how you calculate the policies. Train him on the popular techniques employed in evaluating certain risks.

    • 4

      Evaluate her performance to see if she is progressing in her work. Increase the quantity and quality of the workload you assign to her. Allocate her more complex assignments based on, the results of your evaluation.

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