2415-Insurance Underwriters

Job Title: 

Insurance Underwriters

Job Description: 

Insurance underwriters identify and measure the risks associated with an activity, determine whether this risk is insurable and what the terms of that acceptance are They assess a risk according to the likelihood of a claim being made by weighing up a number of factors and asking for detailed information from prospective clients (policyholders).


Tasks include:

  • receiving and assessing proposals and propositions for insurance from brokers and clients
  • identifying and evaluating the risks associated with a proposal
  • calculating premiums, providing quotations and, if acceptable to the client, issuing policies
  • negotiating and placing reinsurance contracts
  • advising on, negotiating terms for and placing insurance contracts for large or special types of projects, installations or risks
Additional Notes: 

This unit group includes

Insurance underwriters

This unit group excludes

Insurance agents (3321)
Insurance brokers (3321)

Specific Occupations: 

Insurance underwriter

International Careers(ISCO): 
Source Of Info: 

Source: SINGAPORE STANDARD OCCUPATIONAL CLASSIFICATION 2015, Department of Statistics, Ministry of Trade & Industry, Republic of Singapore