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Underwriting internship skills for your resume and career

Updated January 8, 2025
4 min read
Below we've compiled a list of the most critical underwriting internship skills. We ranked the top skills for underwriting interns based on the percentage of resumes they appeared on. For example, 26.2% of underwriting internship resumes contained internship program as a skill. Continue reading to find out what skills an underwriting internship needs to be successful in the workplace.

15 underwriting internship skills for your resume and career

1. Internship Program

An internship program is a work experience offered by an organization for a limited period of time that helps the internee learn about their field of choice. Typically, undergraduate students undertake internship programs to gain experience and learn relevant skills from an experienced person in the field.

Here's how underwriting interns use internship program:
  • Promoted to Underwriter Associate within four months of the internship program.
  • Participated in IMG's Internship Program.

2. Risk Management

Risk management is the method of recognizing, evaluating, and managing risks to an organization's resources and profits. Financial insecurity, regulatory liability, strategic management mistakes, incidents, and natural hazards are just some of the challenges or dangers that could arise. For digitalized businesses, IT security vulnerabilities and data-related threats, as well as risk management techniques to mitigate them, have become top priorities.

Here's how underwriting interns use risk management:
  • Aided risk management SVP to establish underwriting guidelines.
  • Assisted in creating a new pricing model for Multinational Risk Management.

3. PowerPoint

Here's how underwriting interns use powerpoint:
  • Created dynamic MS Excel sheets, PowerPoint presentations and assisted with technology.

4. Underwriting Process

Here's how underwriting interns use underwriting process:
  • Assisted underwriting process for professional liability insurance renewals, solely supporting a team of five underwriters.
  • Apprenticed the entire underwriting process of property insurance under the direction of experienced underwriters.

5. Financial Statements

A financial statement is a report of an individual or a company that includes all the information about the declared assets, the use of money, income, and also the contribution of shareholders over a certain period.

Here's how underwriting interns use financial statements:
  • Obtained required documents from borrowers (insurance certificates, updated financial statements, collateral information etc).
  • Input and analyze financial statements, qualitative accounts and work in progress to company system for further analysis by superiors.

6. Real Estate

Real estate is land that has buildings on it. This kind of property consists of permanent improvements either natural or man-made, which include, houses, fences, bridges, water trees, and minerals. There are 4 types of real estate namely; residential real estate, commercial real estate, industrial real estate, and vacant land.

Here's how underwriting interns use real estate:
  • Planned & attended underwriting, title insurance, and real estate conferences to address changes in applicable laws and policies.
  • Worked independently analyzing consumer credit reports, tax returns, income statements and real estate appraisals.

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7. Data Analysis

Here's how underwriting interns use data analysis:
  • Conducted research, data analysis, development and design of the finished product.

8. Insurance Policies

Here's how underwriting interns use insurance policies:
  • Marketed property and casualty insurance policies to retain existing client base during the difficult economic period.
  • Consulted and advised agents and policyholders on insurance policies.

9. Data Entry

Data entry means entering data into a company's system with the help of a keyboard. A person responsible for entering data may also be asked to verify the authenticity of the data being entered. A person doing data entry must pay great attention to tiny details.

Here's how underwriting interns use data entry:
  • Performed basic insurance related clerical work and data entry.
  • Provided system and technical support such as typing/data entry, report running, and spreadsheet management.

10. Loss Runs

A document that documents the history of claims made against a commercial insurance policy is called a loss run. It is comparable to a credit report and it includes information involving the date of the claim, a description of the event and the amount paid. Normally, a loss run will record five years of claim history.

Here's how underwriting interns use loss runs:
  • Evaluated renewal loss runs, addressing any frequency and/or severity concerns and improving profitability.
  • Updated contacts, payrolls, and loss runs in system database.

11. Due Diligence

Due diligence refers to the process of auditing, investigating, or reviewing done to confirm the authenticity of relevant facts. In addition to this, it also refers to the evaluation of a party's financial records to determine whether one should enter into a transaction with the said party or not.

Here's how underwriting interns use due diligence:
  • Visited corporate clients and participated the due diligence research including filling application materials and providing sponsor documents
  • Trained in the areas of title, due diligence in the title industry, and types of policies.

12. Commercial Property

Here's how underwriting interns use commercial property:
  • Demonstrated high level, proven ability to underwrite all commercial property casualty lines for designated territory.
  • Negotiate best position and pricing on commercial property insurance policies.

13. Insurance Business

Here's how underwriting interns use insurance business:
  • Research specifically focused on credit score variables affecting group insurance business risk and claim potential.
  • Developed knowledge about the commercial insurance business through exposure to the underwriting operation.

14. Underwriting Guidelines

Underwriting guidelines are a set of rules and requirements an insurer provides to its agents and underwriters. The underwriter then uses these instructions to judge the prospective insured, whether to accept, modify or reject it. These guidelines help the insurers set the criteria for the customer and let them know the amount of money that should be offered to the client, or whether not to offer an insurance policy in the first place.

Here's how underwriting interns use underwriting guidelines:
  • Determined applicants' suitability for insurance coverage according to underwriting guidelines.
  • Mitigate company losses by verifying rates and assuring compliance with all underwriting guidelines and procedures utilizing various systems and resources.

15. Financial Data

Here's how underwriting interns use financial data:
  • Performed research on claims, location data, loss costs, state filings, and financial data.
  • Gather and analyze financial data to support the structuring and approval of loans.
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List of underwriting internship skills to add to your resume

Underwriting internship skills

The most important skills for an underwriting internship resume and required skills for an underwriting internship to have include:

  • Internship Program
  • Risk Management
  • PowerPoint
  • Underwriting Process
  • Financial Statements
  • Real Estate
  • Data Analysis
  • Insurance Policies
  • Data Entry
  • Loss Runs
  • Due Diligence
  • Commercial Property
  • Insurance Business
  • Underwriting Guidelines
  • Financial Data
  • Risk Analysis
  • Balance Sheet
  • General Liability
  • SQL
  • Cash Flow
  • Business Applications
  • Financial Analysis
  • Policy Changes
  • Market Research
  • NYC
  • Market Trends
  • Motor Vehicle
  • Credit Reports
  • Loan Applications
  • Life Insurance
  • Loss Ratio
  • Insurance Applications
  • Tax Returns
  • Assess Risk
  • Data Collection
  • Imageright
  • Insurance Quotes
  • Insurance Coverage
  • Policy Holders
  • Historical Data
  • Insurance Brokers
  • Rent Rolls
  • Production Reports

Updated January 8, 2025

Zippia Research Team
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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