AI Assistant for Insurance Underwriters

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

Considerable Preparation Needed

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Core Responsibilities

  • 1Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.(Core task)
  • 2Decline excessive risks.(Core task)
  • 3Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.(Core task)
  • 4Evaluate possibility of losses due to catastrophe or excessive insurance.(Core task)
  • 5Review company records to determine amount of insurance in force on single risk or group of closely related risks.(Core task)
  • 6Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe, profitable distribution of risks, using reference materials.(Core task)
  • 7Authorize reinsurance of policy when risk is high.(Core task)

Top Skills Required

Reading Comprehension
Active Listening
Writing
Critical Thinking
Speaking
Judgment and Decision Making
Active Learning
Complex Problem Solving
Monitoring
Social Perceptiveness

Knowledge Areas

English LanguageCustomer and Personal ServiceMathematicsSales and MarketingAdministrativeEconomics and AccountingLaw and GovernmentComputers and Electronics

Technology & Tools Used

In-Demand Technologies

C++Microsoft AccessMicrosoft ExcelMicrosoft Office software

Other Tools

Anodas Software Limited PhoenixConsilience Software Maven Insurance Automation SuiteCSC nbAcceleratorDatabase softwareDelphi TechnologyFair Isaac Enterprise Decision Management for InsuranceFannie Mae Desktop UnderwriterFiserv Advanced UnderwritingIBM FileNet Content ManagerLabOne NETLexisNexis

Daily Work Activities

Getting Information
Making Decisions and Solving Problems
Analyzing Data or Information
Working with Computers
Establishing and Maintaining Interpersonal Relationships
Processing Information
Communicating with People Outside the Organization
Organizing, Planning, and Prioritizing Work

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