Martyn R is a Risk Manager for Chaucer Insurance. "In terms of a business, there's lots of different things that could go wrong, or stop us achieving the things that we want to do as a business. And my job is to try and look forward and see what that could be, and help the business prevent that happening... I think when I first came down to work in the insurance industry I didn't know what to expect... just the fact that I've been relatively successful and enjoyed my work so far, and had the opportunity to travel and meet lots of nice people, make lots of good friends, has been reward enough in itself."
More information about insurance underwriters
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Insurance underwriters identify and measure the risks associated with an activity, determine whether this risk is insurable and issue insurance polices which provide financial compensation in the event of loss.
There are no formal academic requirements, although many employers expect entrants to study for and attain the associateship examinations of the Chartered Insurance Institute. Entrants to professional examinations usually require GCSEs/S grades and A levels/H grades, an Advanced GNVQ/GSVQ Level III, or a BTEC/SQA award.
- Receives and assesses proposals and propositions for insurance from brokers and clients
- Identifies and evaluates the risks associated with a proposal
- Liaises with insurance surveyors, actuaries and risk managers where the risks associated with a proposal are not clear
- Calculates premiums, provides quotations and, if acceptable to the client, issues policies
- Ensures that the insurance policy clearly defines the liabilities accepted and any exceptions or exclusions
- Negotiates terms of reinsurance contracts.
for this job
|Public admin. & defence||2,733|
|Head offices, etc||2,050|
|Services to buildings||1,274|