If you’re a precise, detail-oriented math whiz, you’ll be handsomely rewarded with a career in insurance underwriting – TD Insurance is always looking for bright young underwriters! To "underwrite" means to agree to accept responsibility for possible losses by clients. Insurance underwriters review and evaluate applications for insurance to determine risks, premiums and the extent of coverage. They work primarily for insurance companies which brings them excellent benefits and an admirable salary.
Educational Requirements:
A university degree or college diploma is necessary, and some schools now offer specialty programs in insurance and risk education. A formal training program with the Insurance Institute of Canada, the Life Insurance Institute of Canada or the Canadian Association of Insurance and Financial Advisors is recommended for career advancement.
Job Prospects:
New underwriting software will continue to make workers more productive but will not eliminate the need for human skills. Job prospects are strongest for those with a background in finance and strong computer and communication skills.
Earning Power:
According to monster.ca, Canadian underwriters earn an average annual salary of $55,000.
