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Ins Underwriter Franchise Auto Dealerships - Odenton, MD
Career Insights for Insurance Underwriter (General)
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What they do
An Insurance Underwriter evaluates and measures risk and advises businesses in insurance, banking and securities. Recommends customers to be approved for insurance coverage, and develops policies and premium levels. Reviews loan applications, evaluates credit-worthiness of loan applicants and analyzes the investment risk of a loan for the bank. Evaluates risk in different types of securities and advises clients on investments that will yield highest profits.
$77,783 / year median in the U.S.
-15% projected decline
Job Description
REMOTE WORK FROM HOME POSSIBLE
Insurance Underwriter Underwriting Commercial Lines Franchise Automobile Truck Boat Dealerships Open Lots Property Casualty Excess Surplus Reinsurance General Liability _ . Manage portfolio of dealers open lot risks for franchised new car dealerships to ensure profitable growth. Coverages include: Comprehensive and Collision, False Pretense, Economic Loss, Weather Reimbursement, Spot Delivery Coverage, etc.- Review new and renewal applications for trucking insurance coverage.
- Assess, identify and calculate risk of loss for policyholders with complex risks.
- Define terms and conditions of the coverage.
- Establish premium rates.