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Insurance rater skills for your resume and career

Updated January 8, 2025

1 min read

Quoted expert

Tom Faulconer JD, CPCU, CLU, ChFC, CASL,CFP(r)

Below we've compiled a list of the most critical insurance rater skills. We ranked the top skills for insurance raters based on the percentage of resumes they appeared on. For example, 58.0% of insurance rater resumes contained cancellations as a skill. Continue reading to find out what skills an insurance rater needs to be successful in the workplace.

6 insurance rater skills for your resume and career

1. Cancellations

Here's how insurance raters use cancellations:

Interpreted issuance and rating instructions from Underwriters for new business, renewals, policy quotes, endorsements and cancellations.
Processed manual and system Direct *Notice of Cancellations, non-renewals and reinstatements.

2. Commercial Property

Here's how insurance raters use commercial property:

Identify and pursue potential insurance clients with focus on commercial property, contractor, and small business accounts.
Worked as Commercial Property and Casualty Rater.

3. Policy Changes

Here's how insurance raters use policy changes:

Prepared insurance policy quotes for new businesses and policy changes for existing customer.
Communicated regularly with sales offices to process policy changes within the time service guidelines to ensure customer satisfaction.

4. Audit Transactions

Here's how insurance raters use audit transactions:

Analyze new business applications, renewal instructions, policy change requests and audit data to produce policy and/or audit transactions
Interpret and apply Underwriting, Audit, Bureau and Company guidelines to accurately rate and code audit transactions.

5. Workers Compensation

Here's how insurance raters use workers compensation:

Documented incoming Workers Compensation incident reports.
Handled the manual rating and endorsements of various commercial insurance policies including: automobile, workers compensation, and umbrella policies.

6. Premium Charges

Here's how insurance raters use premium charges:

Prepared quote and set premium charges for customer transactions.
Calculate premium charges based on proper rate selection, rules and company policy and procedure.

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What insurance rater skills would you recommend for someone trying to advance their career?

Tom Faulconer JD, CPCU, CLU, ChFC, CASL,CFP(r)

Clinical Professor, Butler University

Being an agent provides freedom. Most agents set their own hours meaning there is time for family and other activities. Of course, since it is a commission-based position, the harder you work, the more you make! Plus, property and casualty agents (home, auto and commercial lines) can build up their client list to the point where they make a very good living just off renewal commissions. At that point, an agent can truly work whenever they want and still get paid. (That takes a few years to get to, though.)

As to dislikes, being a commissioned salesperson is difficult for some people. And the freedom that comes with being an agent is a double-edged sword. If someone takes advantage and doesn't work very hard, they won't last very long! And, depending on the company, etc., paperwork can be pretty extensive!

Do you want to know more?

List of insurance rater skills to add to your resume

The most important skills for an insurance rater resume and required skills for an insurance rater to have include:

Cancellations
Commercial Property

Policy Changes
Audit Transactions

Workers Compensation
Premium Charges

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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