Detail oriented
Underwriting Managers must pay attention to details when examining documentation.
Underwriting Managers
Descriptions & Duties
- Underwriting Managers formulate and implement company's underwriting policy. They review insurance applications and supporting materials. They also evaluate risks involved and determine premiums extent of cover. Underwriting Managers may specialise in underwriting one type of insurance such as accident, fire and marine, and are designated accordingly. They also coordinate and supervise the work of subordinates.
Generic Competencies
Physical Abilities
Physical abilities
- Physical strength
- Eye hand coordination / precision / dexterity
Importance:1 (Max:5)
Skill is rarely required
Technology Skills
Technology skills
- Computer literacy
- Application of technology
Importance:4 (Max:5)
Skill is frequently required
Cognitive Abilities
Cognitive abilities
- Creativity
- Visualisation
- Logical thinking
Importance:3 (Max:5)
Skill is basically required
Comprehension And Expression
Comprehension and expression skills
- Reading comprehension
- Oral / written expression
Importance:5 (Max:5)
Skill is required all the time
Social Skills
Social skills
- Communication
- Negotiation
- Persuasion
Importance:4 (Max:5)
Skill is frequently required
Organisation And Execution Skills
Organisation and execution skills
- Planning
- Organising
- Judgement
- Decision making
Importance:5 (Max:5)
Skill is required all the time
Problem Solving Skills
Problem solving skills
- Ability to solve simple and complex problems effectively and efficiently
Importance:5 (Max:5)
Skill is required all the time
Management Skills
Management skills
- Leadership
- Management of finance / time / people / other resources
Importance:5 (Max:5)
Skill is required all the time
Trade Specific Competencies
Analytical skills
Underwriting Managers must evaluate information carefully and be able to make final decision.
General Requirements
Academic qualification
A recognised bachelor's degree in business administration, finance, insurance or equivalent
Career Path & Salary
Private Sector
Monthly Salary $10,000-$20,000
Monthly Salary $30,000-$40,000
Monthly Salary $60,000-$80,000
Work Environment
- Underwriting Managers generally work in an office setting. They need to work overtime to meet deadlines.
