An Underwriting Intern is responsible for analyzing risk in insurance proposals, determining policy terms, and calculating premiums based on actuarial, statistical, and background information. A well-drafted Underwriting Intern Resume mentions the following core duties – examining insurance proposals, collecting background information and assessments of risk, analyzing statistical data using specialist computer programs, writing quotes and negotiating the terms with brokers and clients, determining premiums, deciding the wording of policies, preparing insurance policy terms and conditions, and liaising with insurance brokers and customers.
There are routes into this industry for both university graduates and school leavers. Degree holders from any discipline qualify for this role, although many employers prefer to hire those having a background in accounting, or finance. To ensure success in the field, interns need such skills as – analytical and decision-making skills, an understanding of statistics and probabilities, and negotiation skills.
Objective : An enthusiastic, energetic, passionate strategy analyst who has a solid track record in developing, managing and executing strategic initiatives based on analytics in the financial industry. Possessing extensive knowledge of insurance and financial markets along with continuous use of databases and analytical tools enables evidenced-based decisions to be driven with Senior Executives.
Skills : Statistical Analysis, Responsible, Organization, Learn Quickly, Problem Solving.
Description :
Examined renewal applications, financial statements, and 5500 forms to determine risks of renewing insurance policy.
Examined renewal application, financial statements, and valuations to complete PE Review template and determine risks of renewing insurance policies.
Conducted public class action research to evaluate the risk, monetary value, and frequency of recent claims in various industries.
Conducted research on non-profit organisation.
Notified broker and insured about the addition of an exclusion to their existing policy.
Created certified mail templates.
Sent certified mail.
Experience
2-5 Years
Level
Executive
Education
Bachelor Of Arts In Economics
Underwriting Intern Resume
Objective : Underwriting Intern is Determining necessary steps to process work, Deciding to accept, reject, or modify based on level of authority, and also Consulting with agents and internal partners, Recommending opportunities for business development and service capabilities, Participating in the management of business performance as part of the underwriting team.
Skills : Microsoft Office, R, Customer Service, Data Analysis, Excel, Event Planning, Financial Analysis, Leadership Development, Powerpoint.
Description :
Copied and scanned documents.
Handled sensitive and confidential information.
Input information into database.
Created files as well as filing.
Prepared FedEx packages to be delivered to clients.
Used Excel to create spreadsheets for money spent in certain timeframes.
Contacted life insurance companies via phone, fax, and email requesting policy information or changes.
Experience
2-5 Years
Level
Executive
Education
BA In Computer Science
Underwriting Intern Resume
Objective : As a well-rounded and driven entry-level candidate graduating in with a Bachelor's of Business Administration and Finance degree, please consider me for a financial position with your firm or company. Over the last four years, I have endeavored to maximize my opportunities not only in academics but also in varsity sports, campus organizations, youth leadership and internship opportunities.
Skills : ImageRight, Microsoft Office, Osha.
Description :
Calculated standard renewal and prospective group rates in accordance with regional rating rules and federal and state regulations.
Gathered and examined appropriate documentation and data required to calculate and produce rate renewal packages.
Interpreted actuarial data and applies judgment as to actuarial and underwriting considerations in appropriately pricing products.
Evaluated the appropriateness of group rates.
Monitored and enforced current underwriting policies as they relate to individuals and groups.
Assisted sales personnel in explaining rate calculations and underwriting policy if needed.
Ensured the quality and integrity of account-specific data and information.
Experience
2-5 Years
Level
Executive
Education
BS
Underwriting Intern Resume
Summary : Underwriting Intern with 7+ years of experience in Capturing information from multiple sources, account to company guidelines to support underwriting, Reviewing individual risks for acceptability and handles those within authority, based on company guidelines and standards, Completing assigned Underwriting transactions and tasks within established time and service standard.
Skills : Microsoft Office, Microsoft Excel, Lost Cost Multiplier, Negotiation Skills.
Description :
Worked on a team project with other interns.
Given special projects to do on an as needed basis.
Manipulated data and created graphs to rework premium pricing.
Summarised endorsement information in the underwriting workstation.
Analysed policy level risk in order to contribute to company profitability.
Completed project-based assignments as assigned.
Worked closely with experienced professionals, colleagues, and fellow interns to gain knowledge and develop team-building skills.
Experience
7-10 Years
Level
Management
Education
BS
Underwriting Intern Resume
Objective : Underwriting Intern is Actively participating by asking questions, volunteering answers, and assisting teammates as appropriate, Participating fully with the other interns on any group/team activities, as assigned by the manager, Effectively using online resources, automation tools, and computer software packages.
Skills : Radio production, Radio sales and advertising, Radio programming, Mac iOS software, Adobe Suite, Basic Graphic Design, Microsoft Office Suite, Create and Plan Events, Business Liaisons.
Description :
Reviewed executive management's reporting requirements for the client implementation process.
Assessed the current database content by working with Finance, Underwriting, and Business Technology partners to understand how the data is compiled in the database.
Performed testing of the reporting output to assess duplicate or missing data between departments.
Scoped the current underwriting department reporting output and compare to other internal departments to determine any overlap in reporting.
Developed a reporting database that will enable Finance, Underwriting, and Business Technology to have a single source of data.
Developed an automated reporting process that tracks each client's progress through the implementation cycle.
Created a standard reporting structure that will enable executive management real-time information and metrics in tracking each client's implementation progress.
Experience
2-5 Years
Level
Executive
Education
GED
Underwriting Intern Resume
Objective : Over 4 years of comprehensive experience in business process outsourcing, project/service delivery for large prestige organizations Strong analytical skills to deliver customized business applications & practical client solutions SAS expertise Motivated self- starter, team player with strong communication skills; ability to multi-task & prioritize.
Skills : Wordpress, Basic Html, Basic CSS, Microsoft Word, Google Docs, Audacity, Writing.
Description :
Looked up properties on Google Earth and similar sites to determine if supposed value of home was correct.
Collaborated with seven interns to complete fundraising project with donations given to Cradles to Crayons.
Presented to the CEO, VP, and board on the charity fundraising project using Microsoft Power Point.
Proofread all of the work for the intern charity project.
Made posters and individual team identifiers for our fundraising project utilizing Microsoft Paint.
Started a Why MI article detailing the benefits of mortgage insurance that will be finished by someone on the Marketing team.
Underwrote up to thirty personal insurance policies in a typical eight-hour workday.
Experience
2-5 Years
Level
Executive
Education
Bachelor Of Arts In English
Underwriting Intern Resume
Summary : Underwriting Intern with 10+ years of experience in Assisting team by performing tasks designed to gain an understanding of the Financial Lines marketplace while providing information / research to the team, Presenting findings to the team, Achieving standards established for success in the program by completing daily assignments; planing and prioritising work activities to achieve desired results within necessary time frames.
Skills : Insurance, Portfolio Management, Financial Modeling, Excel, Access, Data Analysis, New Product Development, Underwriting, Personal Lines Insurance, Commercial Lines Insurance.
Description :
Developed knowledge about the commercial insurance business through exposure to the underwriting operation.
Focused on developing the skills necessary for success by assisting professionals with day-to-day job assignments and special projects.
Prepared renewals, new business and endorsement requests by gathering and evaluating exposure data for Mid- Market size accounts.
Initiated and responded promptly to telephone and written inquiries about processing, policy changes requests, billing status, new applications, and ratings which eased the workload of the other underwriter and underwriting assistant teams and kept positive relationships with our brokers and agents.
Evaluated policies, processes, and procedures and recommended changes to management to improve productivity, reduce expense and enhance customer service.
Attended planned education and social activities in order to gain an understanding of the RLI business as well as network.
Analysed and resolved basic issues.
Experience
10+ Years
Level
Senior
Education
Bachelor's
Underwriting Intern Resume
Objective : Underwriting Intern is Maintaining quality service standards and organisation to assure timely service to Trion team; Researching and remaining abreast of the dynamic, competitive insurance environment, new and complex insurance projects, appropriate underwriting techniques and constantly changing legislation that governs business.
Skills : Excel, Word, Powerpoint, SQL, VBA, Access.
Description :
Managed assigned underwriting territory to identify business trends, ensure profitability and build agency relationships.
Worked within specific limits and authority on assignments.
Assisted with migration of policies to a new commercial lines platform
Programmed vetting support.
Data reported assistance
Demonstrated willingness to be engaged and try new things
Participated in department and company meetings
Experience
2-5 Years
Level
Executive
Education
Bachelor Of Science
Underwriting Intern Resume
Objective : Underwriting Intern is Assisting with the evaluation, determination and recommendation of alternative coverage, pricing options, and plan design changes based on economic analysis of available plan elements related to client goals; Performing various reporting for plan change evaluations, budget and reserve calculations, and other on-going reviews.
Skills : Planning, Leadership, Problem Solving Skills.
Description :
Completed training and developing proficiency on the tools to complete analysis
Completed a project with other interns at Nationwide for presentation to senior leadership at the end of the summer.
Worked on a project with other interns in the company
Evaluated risk acceptability based on driver quality, loss history, and overall business operations.
Identified and communicating potential problems to lead underwriters.
Communicated pricing decisions to agents and answer questions.
Worked with supervisor and trainers on assignments with competing priorities by holding themselves and others accountable for results.
Experience
2-5 Years
Level
Executive
Education
MS
Underwriting Intern Resume
Objective : Underwriting Intern is Assisting in the analysis and negotiation of rates and plan options with insurers on behalf of clients to secure optimal, cost-competitive benefit plans; Validating renewals and proposals for accuracy; Assisting with the definition of clients employee contribution modeling and strategies.
Demonstrated ownership of assignments to complete them within expected timeliness and communicate any issues preventing that with your team lead and participate in solutions to those issues.
Continued technical training to gain authority or other responsibilities.
Learned about and use data analysis to identify opportunities for efficiencies in process and product
Displayed initiative to generate solutions in both every day work, as well as projects.
Assisted with general underwriting, financial, and risk analysis support for internal sales teams and their respective consulting clients.
Assisted in preparing plan design and financial analysis for existing and prospective customers by utilizing modeling tools and various reporting techniques.
Assisted with clients’ benefits marketing process, such as: data acquisition, request for proposal (RFP) preparation, vendor question resolution, proposal review and analysis, and client exhibit and presentation preparation.
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