Bookmark and Share Scholarships

What is the Insurance underwriting process?


The most complicated aspect of the insurance business is the underwriting of policies. Using a wide assortment of data, insurers predict the likelihood that a claim will be made against their policies and price products accordingly. To this end, insurers use actuarial science to quantify the risks they are willing to assume and the premium they will charge to assume them. Data is analyzed to fairly accurately project the rate of future claims based on a given risk. Actuarial science uses statistics and probability to analyze the risks associated with the range of perils covered, and these scientific principles are used to determine an insurer's overall exposure. Read More

Career Videos

Scholarship Video Matches

Our Career Video Library includes 100's of videos. Feel free to Browse the videos that interest you.

A Day in the Life of an Insurance Underwriter A Day in the Life of an Insurance Underwriter Blue Arrow
A Day in the Life of an Actuarial Scientist A Day in the Life of an Actuarial Scientist Blue Arrow
A Day in the Life of an Economist A Day in the Life of an Economist Blue Arrow