We calculated that 12% of Personal Lines Underwriters are proficient in Insurance Policies, Underwriting Decisions, and Loss Ratio. They’re also known for soft skills such as Analytical skills, Detail oriented, and Interpersonal skills.
We break down the percentage of Personal Lines Underwriters that have these skills listed on their resume here:
- Insurance Policies, 12%
Managed assigned underwriting territory for Pennsylvania personal lines insurance policies for exclusive Nationwide agencies and independent agencies.
- Underwriting Decisions, 9%
Explained underwriting decisions to agents and customers that helped diffuse potentially volatile situations.
- Loss Ratio, 9%
Trained underwriters on auto/property selection and loss ratio management.
- Strong Analytical, 6%
Possess excellent time and desk management skills, including organizing, multi-tasking and use strong analytical skills to make sound decisions.
- Inspection Reports, 5%
Review all correspondence, daily reports, endorsements and inspection reports, and publications pertaining to responsibility.
- Renewal Retention, 5%
Presented quarterly underwriter performance, new policy acceptance and renewal retention data.
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Some of the skills we found on personal lines underwriter resumes included "insurance policies," "underwriting decisions," and "loss ratio." We have detailed the most important personal lines underwriter responsibilities below. Analytical skills can be considered to be the most important personality trait for a personal lines underwriter to have. According to a personal lines underwriter resume, "underwriters must be able to evaluate information from a variety of sources and solve complex problems." Personal lines underwriters are able to use analytical skills in the following example we gathered from a resume: "analyzed regional loss ratio reports and developed strategic plans to help agents increase their profitability for themselves and for the company. " While it may not be the most important skill, we found that many personal lines underwriter duties rely on detail oriented. This example from a personal lines underwriter explains why: "underwriters must pay attention to detail, because each individual item on an insurance application can affect the coverage decision." This resume example is just one of many ways personal lines underwriters are able to utilize detail oriented: "used detailed risk management analysis to accept, reject, or modify automobile and property insurance policies. " Another skill that is quite popular among personal lines underwriters is interpersonal skills. This skill is very critical to fulfilling every day responsibilities as is shown in this example from a personal lines underwriter resume: "underwriters need good communication and interpersonal skills because much of their work involves dealing with other people, such as insurance agents." This example from a resume shows how this skill is used: "cited for excellence in interpersonal communications, teamwork, qc review, flexibility and reliability. " In order for certain personal lines underwriter responsibilities to be completed, the job requires the skill "math skills." According to a personal lines underwriter resume, "determining the probability of losses on an insurance policy and calculating appropriate premiums require mathematical ability." As an example, this snippet was taken directly from a resume about how this skill applies: "mortgage due diligence, quantitative analysis and risk analysis. "
See the full list of personal lines underwriter skills.
We've found that 63.9% of personal lines underwriters have earned a bachelor's degree. Furthermore, 5.2% earned their master's degrees before becoming a personal lines underwriter. While it's true that most personal lines underwriters have a college degree, it's generally possible to become one with only a high school degree. In fact, one out of every seven personal lines underwriters did not spend the extra money to attend college.
Those personal lines underwriters who do attend college, typically earn either a business degree or a insurance degree. Less commonly earned degrees for personal lines underwriters include a psychology degree or a finance degree.
When you're ready to become a personal lines underwriter, you might wonder which companies hire personal lines underwriters. According to our research through personal lines underwriter resumes, personal lines underwriters are mostly hired by Work At Home Vintage Experts, Ledcor, and H. W. Kaufman. Now is a good time to apply as Work At Home Vintage Experts has 40 personal lines underwriters job openings, and there are 6 at Ledcor and 5 at H. W. Kaufman.
If you're interested in companies where personal lines underwriters make the most money, you'll want to apply for positions at Capital Group, AIG, and Chubb. We found that at Capital Group, the average personal lines underwriter salary is $111,779. Whereas at AIG, personal lines underwriters earn roughly $103,629. And at Chubb, they make an average salary of $98,823.
View more details on personal lines underwriter salaries across the United States.
Some other companies you might be interested in as a personal lines underwriter include Wells Fargo, State Farm, and Bank of America. These three companies were found to hire the most personal lines underwriters from the top 100 U.S. educational institutions.