Assessment Template For Insurance Underwriters

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
Insurance Underwriters

Tests

Qustom Questions

Hiring success rate

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87% hiring better

Test Used

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14169 times

Popular Job Roles
Account UnderwriterAutomobile and Property UnderwriterCommercial Lines UnderwriterHealth UnderwriterLife UnderwriterPersonal Lines UnderwriterUnderwriterUnderwriting Consultant

Occupation-Specific

Technology Skills
Enterprise resource planning ERP software
Questions30
Time Limit20 min

Tasks

  • Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
  • Decline excessive risks.
  • Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
  • Evaluate possibility of losses due to catastrophe or excessive insurance.
  • Review company records to determine amount of insurance in force on single risk or group of closely related risks.

Technology Skills

Enterprise resource planning ERP software

Anodas Software Limited Phoenix, Consilience Software Maven Insurance Automation Suite, SIS SEMCI PARTNER, Skywire Software InsBridge

Presentation software

Microsoft PowerPoint

Financial analysis software

Delphi Technology, Fannie Mae Desktop Underwriter, RGA Facultative Application Console, Valen Technologies Risk Manager

Data base user interface and query software

Database software, Microsoft Access

Spreadsheet software

Microsoft Excel

Worker Requirements

Technology Skills
Enterprise resource planning ERP software
Questions30
Time Limit20 min
Skills
Active Listening
Questions25
Time Limit20 min
Knowledge
English Language
Questions30
Time Limit25 min

Skills

Active Listening

Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Critical Thinking

Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.

Reading Comprehension

Understanding written sentences and paragraphs in work-related documents.

Writing

Communicating effectively in writing as appropriate for the needs of the audience.

Speaking

Talking to others to convey information effectively.

Knowledge

English Language

Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Customer and Personal Service

Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

Mathematics

Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Sales and Marketing

Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.

Worker Characteristics

Technology Skills
Enterprise resource planning ERP software
Questions30
Time Limit20 min
Skills
Active Listening
Questions25
Time Limit20 min
Knowledge
English Language
Questions30
Time Limit25 min
Abilities
Written Comprehension
Questions25
Time Limit25 min
Interests
Conventional
Questions25
Time Limit15 min
Work Values
Independence
Questions25
Time Limit25 min
Work Styles
Integrity
Questions30
Time Limit15 min

Abilities

Written Comprehension

The ability to read and understand information and ideas presented in writing.

Inductive Reasoning

The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

Written Expression

The ability to communicate information and ideas in writing so others will understand.

Oral Expression

The ability to communicate information and ideas in speaking so others will understand.

Deductive Reasoning

The ability to apply general rules to specific problems to produce answers that make sense.

Interests

Conventional

Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.

Enterprising

Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.

Investigative

Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.

Work Values

Independence

Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.

Relationships

Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service.

Support

Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical.

Work Styles

Integrity

Job requires being honest and ethical.

Attention to Detail

Job requires being careful about detail and thorough in completing work tasks.

Analytical Thinking

Job requires analyzing information and using logic to address work-related issues and problems.

Dependability

Job requires being reliable, responsible, and dependable, and fulfilling obligations.

Achievement/Effort

Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.

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