Find & Apply For Underwriting Assistant Jobs In Your Location
Underwriting Assistants support underwriters by collecting data, analyzing risks, and documenting insurance policies. They verify accuracy, handle customer queries, and assist with policy renewals. Efficiency and attention to detail are essential. They ensure timely processing by adhering to deadlines and regulatory requirements. Below you can find different Underwriting Assistant positions in and around your location.
Industry Trends & Salary Expectations
Underwriting Assistants play a crucial role in the insurance sector by supporting underwriters in the risk assessment and policy issuance processes. - Entry-level Underwriting Assistant salaries range from $35,000 to $45,000 per year - Mid-career Underwriting Specialist salaries range from $45,000 to $60,000 per year - Senior Underwriting Manager salaries range from $70,000 to $90,000 per year The profession of underwriting can be traced back to the 17th century at Lloyd's of London, where ship owners and merchants gathered to secure insurance coverage for their ventures. Underwriting Assistants have been integral in managing paperwork and preliminary risk assessments since then. Over the years, the role of the Underwriting Assistant has expanded significantly due to advancements in technology and the increasing complexity of insurance products. Today, they utilize sophisticated software to manage data and support risk analysis, enhancing their role from administrative support to a more technical focus. Current trends in the underwriting field include the integration of artificial intelligence and machine learning to better predict risk outcomes, the use of big data for more accurate customer profiling, and an increased emphasis on streamlined, customer-friendly processes. These advancements have transformed the duties and skills required of Underwriting Assistants, making their role more dynamic and integral to the insurance industry.
