Job & Education Database

Insurance Underwriter

Fit for youth without SEE:
No

Insurance underwriters decide whether to provide insurance and under what terms. They evaluate insurance application and determine coverage amounts and premiums. Insurance underwriters work closely wi ... learn more

Employment Option

Self Employment Ratio

%

Education

Bachelor of Business Administration (BBA) Bachelor of Computer Information System (BCIS) r of Business Administraion in Banking & Insurance (BBA-BI) BBS

Academic Education

Possible Employers

Career in Detail

Insurance underwriters decide whether to provide insurance and under what terms. They evaluate insurance application and determine coverage amounts and premiums. Insurance underwriters work closely with actuaries, risk and claims managers to ensure a balance between attracting and retaining customers through competitive insurance premiums and being able to cover any potential losses from claims. Insurance underwriters specialize in one type of insurance among general insurance, life insurance, commercial insurance and reinsurance.

Insurance Underwriters usually do the following

Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.
Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies.
Evaluate possibility of losses due to catastrophe or excessive insurance.

Abilities and other Requirements

Income and other Facilities

Entry Salary / Income
Rs. (not set) - (not set)

Working Context

ISCO - International Standard Classification of Occupations

Security and Army Professionals
Skilled Urban Skilled Rural
Supporting Operations

The table illustrates the segregation of occupations according to the level of education & experience. The segregation is such that the 'Professionals' have the highest amount of education and/or experience then are the 2 skilled labour (Urban & Rural) and Supporting Occupations with assemblers, operators etc. Security and Army have a wider range of both education and experience and are governmental jobs.

The boxes highlighted are the ones associated with Insurance Underwriter . According to ISCO, jobs can have various levels of education and/or experience which thus puts them in different boxes as visualized in the table.

Relevant Education

Bachelor of Business Administration (BBA) Bachelor of Computer Information System (BCIS) r of Business Administraion in Banking & Insurance (BBA-BI) BBS

Education strongly relevant

Duration Fee (Rs) Access without SEE
BBS
Professional
4 Year(s) 32,000 -
160,000
No
Bachelor in Business Studies (BBS) program of 4 years for all universities. Except for Mid Western University where it is divided in 8 semesters. Upon graduation, a student should be equipped to function as a manager in business, industry and government. The graduate should also have a variety of career opportunities in different sectors of business including entrepreneurship and create much needed jobs for others. Go to education page
BBA
Professional
4 Year(s) 340,000 -
1,400,000
No
Bachelor of Business Administration program is to develop socially responsive, creative, and result oriented management professionals to fill up the middle level managerial positions in the rapidly growing business sector in Nepal and aboard. The specific objectives of BBA Program are to - Prepare students to take up middle level managerial positions in the business sector. - Develop student's skill in job oriented business management capable of understanding and solving practical business problems creatively. - Provide professional management education with a blend of computer and management information system courses. Go to education page
BBA-BI
Professional
4 Year(s) 0
No
BBA-BI is a four years, 8 semesters bachelor degree program by different university. The objective of this course to develop sound knowledge and proper conceptual underpinning of business management, banking, finance and insurance. It also make students independent, critical and creative thinkers with analytical and problem solving skills with competent in written and oral communication. Go to education page
BBM
Professional
4 Year(s) 695,500
No
The BBM program of Faculty of Management, Tribhuvan University is designed for aspiring business leaders and managers of the future. The BBM graduates are equipped with the necessary knowledge, skills and self-confidence to assist in effective and successful management, within constantly changing and highly competitive national and global business environment. This course has been designed with the objective of producing middle-level managerial manpower in the sectoral areas. Main objective of this course is to develop student's skill in creative thinking, decision making, leadership,communication and gain understanding of operations in a dynamic business environment change parallel knowledge of entrepreneurship skills. Go to education page

Education moderately relevant

Duration Fee (Rs) Access without SEE
BCS
Professional
3 Year(s) 0
No

Ideal Qualities

Work activities, only mental: You prefer your work to be mental in nature, without much physical activity. You should consider looking for jobs where you are mostly required to sit in one place and come up with ideas or handle information. Some examples would include desk jobs and jobs involving scientific research.

Style of Working, rather playful: You love being creative and doing new things, even though you don’t mind to also follow a given solutions from time to time. You should consider looking for jobs where you most of the time you can create new things. Such jobs can be found among others in Media, handicrafts and design.

Information Processing, only detailed: You prefer to focus on a specific aspect of your work and to go deeper into the details. You should consider jobs that require you to focus and pay great attention to the details of what you are doing, and avoid jobs which require you to look at the bigger picture. Some examples would include jobs like bookkeeping, data management, software coding, fine arts, handicrafts or translation

Flexibility, very low: You prefer to have a fixed work routine with little or no change every day. You should consider looking for jobs where you are required to go to an office at a specific time each working day. Some examples would include desk jobs and running a shop.

Value orientation, only idealistic: You believe that your work must have meaning behind it, without any material importance. You should consider looking for jobs that will give you some personal satisfaction while doing it. Some examples would include teaching and doing social work.

Pursuit of Success, low: Having a personal life is important to you. You don’t want your social and family relationships to suffer from dedicating time to your work. You should consider looking for jobs that will not interfere with your private life. Avoid jobs which require you to dedicate a lot of your free time to your work

Motivation to Create, very low: You prefer to implement already existing ideas rather than come up with your own ways of doing things. You should consider looking for jobs where you will be given clear and explicit instructions on what you have to do, or where there is already an established way of doing things. Avoid jobs where you have to think of your own ways of doing things

Motivation to Lead, low: You prefer to stay in the background and allow others to direct the group. You prefer to let others make up their own minds. You should consider looking for jobs where you can do what you want and not have to tell others what to do. Avoid jobs where you will be required to lead a group of people

Competition oriented, very low: You do not enjoy competing with others, and you do not often compare yourself to others. You prefer to focus only on your own accomplishments. You should consider looking for jobs where your work is valued on its own merit . Avoid jobs where your performance is often compared to others’ performance.

Analysis orientated, high: You like to spend a lot of time thinking before you make a decision. You believe that it is important to consider everything before acting. You should consider looking for jobs where you are required to think carefully before acting. Avoid jobs where you need to make decisions quickly without much time for thinking.

Team oriented, high: It is easy for you to cooperate and collaborate with others. You enjoy working with a team on tasks and projects. You should consider looking for jobs where you will be required to work with a team to perform tasks. Avoid jobs that will require you to work on your own.

Self-confidence, very high: You have a high amount of self-confidence. It is easy for you to present yourself in front of others. You should consider looking for jobs where you will have to make presentations in front of groups of people. Avoid jobs where you will not be encouraged to talk to other people.

Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.
Write to field representatives, medical personnel, and others to obtain further information, quote rates, or explain company underwriting policies.
Evaluate possibility of losses due to catastrophe or excessive insurance.

Employment Condition

Self Employment Ratio

%

Possible Employers

Size of Employment

At the moment there are people working in this job in Nepal.

Job Demand

Shows the demand of the career (1st being the highest and the last being over-saturated).


60 = very high: This job is very high in demand. You can easily find employment or will be able to sell your service easily as a self employed person.

50 = high: This job is high in demand. With a certain talent you will find a job.

40 = medium: The demand for this job is medium. You should have chances in finding a job, but you might need to be flexible regarding your working place or in self employment, might have to compete with a few other professionals about the work.

30 = low: The demand for this job is low. Only a few vacancies are published. Academic proficiency as well as experience is required to be even considered for applying for this sort of jobs.

20 = saturated: There is no more demand for this profession in the labour market. Only if existing staff is released, new people are hired.

10 = over-supplied: There are many graduates already waiting for a job in this profession. You might have to consider a long waiting list or have to prove extraordinary talent to find a job in this profession.

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