As long as insurance is considered a necessity, there will be a need for underwriters. Underwriters calculate the financial risk of insuring businesses and entities. A degree in finance, business administration or a medical field is required. Underwriting is considered a stable career less affected by economic downturns. The average salary of an underwriter in India is Rs. 342,797 per year. Several institutes in India provide education programs related to insurance and underwriting.
2. Introduction
As long as Insurance is considered a necessity for
people and business, there will be scope for
underwriters. To 'underwrite' means to accept liability
for possible losses by clients. Underwriters calculate
the financial risk of insuring a business or an entity, for
prospective and current clients. Underwriters are active
in different lines of insurance business, such as auto,
home, commercial and farm insurance, individual, life
and group life and health.
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3. Eligibility
Degree in finance and business administration with
course in accounting. For health and life insurance
underwriting, a degree in medical or paramedical field is
important
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4. Job Prospects
Being an Insurance underwriter is an excellent career option
in the financial sector, to be more specific in the Insurance
career. People who enjoy analyzing information and are
detail oriented find underwriting a suitable and satisfying job
option. It is expected that the need for underwriters will
remain constant throughout time, as insurance is considered
to be a necessity for individuals and businesses both in good
times and in times of crisis. It is considered as a profession
that is less subject to recession compared to other career
fields.
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5. An Insurance Underwriter earns an average salary of Rs
342,797 per year.
Remuneration www.entranzz.com
6. Institutes
Institute for Finance, Banking and Insurance,
Bangalore/Bengalooru, Karnataka.
Amity School of Insurance and Actuarial Sciences, Noida,
Delhi NCR.
MAEER's MIT College of Insurance, Pune, Maharashtra.
Institute Of Insurance And Risk Management, Arunachal
Pradesh-Other, Arunachal Pradesh.
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7. Institutes
Institute for Finance, Banking and Insurance,
Bangalore/Bengalooru, Karnataka.
Amity School of Insurance and Actuarial Sciences, Noida,
Delhi NCR.
MAEER's MIT College of Insurance, Pune, Maharashtra.
Institute Of Insurance And Risk Management, Arunachal
Pradesh-Other, Arunachal Pradesh.
www.entranzz.com
