Insurance Underwriter Florida

An insurance company's greatest asset is the insurance underwriter. They act as a buffer between a company and any financial loss. Their risk assessments form the basis of many of the company's financial decisions.


1. Local Companies

International Rickshaw
407-421-9936
P.O. Box 410
Windermere, FL
Manpower International
(850) 473-8011
185-D W. Airport Blvd.
Pensacola, FL
Moneymakingpros.com
941-400-2490
15 Paradise Plaza #167
Sarasota, FL
Hollander Leonard C Clu
(561) 477-0553
11404 Boca Woods Ln
Boca Raton, FL
Davis Drew Insurance Agency Inc
(352) 728-1234
1009 N 14th St
Leesburg, FL
Lerner Keith Clu
(352) 373-3000
Gainesville, FL
Dickert Jim Clu Chfc
(386) 328-2221
510 S Palm Ave
Palatka, FL
Goodwin Robert W Clu
(904) 355-8335
2019 Dellwood Ave
Jacksonville, FL
Whitlock Robert H Clu
(239) 489-1212
Fort Myers, FL
Resnick Ralph Clu
(305) 640-0466
3750 NW 87th Ave
Doral, FL


2. The Role of the Insurance Underwriter

An insurance underwriter determines the acceptable amount of risk for any given insurance policy. By reviewing the background of any applicant, an insurance underwriter can determine if that applicant meets the necessary qualifications for coverage under an insurance policy. By using statistics based on mortality and morbidity rates, underwriters can determine a person’s likelihood of acquiring an illness, having an accident, or dying prematurely. These statistics are used to help underwriters keep the companies they represent profitable. By limiting a company’s exposure to financial loss, by examining risk on a case-by-case basis, a single underwriter can save a company millions of dollars a year. There are very few other careers where such massive responsibility is shouldered by so few.

Underwriters have the final say on whether an insurance policy is issued at the standard rate, or whether it receives a sub-standard rating for a higher premium. Insurance underwriters can also determine that an applicant does not meet the criteria and is an unacceptable risk. If an insurance underwriter makes this determination they can deny an applicant completely. Since insurance companies share much of their client information this denial of insurance can make it difficult, if not impossible for this person to get coverage from other companies in the future.

Underwriters must remain unbiased in their decisions and must remain consistent. If underwriters judge too harshly too often the company they represent may get a reputation for being unfair and overly critical of applicants. In this way, an insurance underwriter may cost a company more money than they save.

3. Considerations Underwriters Use

There are many factors that determine rates for prospective clients. Underwriters have to thoroughly examine the backgrounds of those interested in the policies they underwrite. For instance, underwriters in the life and health insurance fields must look at the applicant’s age, weight, occupation, mental health history, physical health history, family medical history, geographical location, and family status. These are important factors to use to determine an applicant’s mortality rate.

An insurance underwriter who deals in the property and casualty sector of insurance must look for other key factors that could make the applicant less profitable to the company. These underwriters must examine: the property location to determine if it is in a flood plain or other high risk area, the crime rate in that area to determine if loss is more likely, criminal history of applicants to determine if they are high risk, rental and ownership history to determine if the applicant is responsible, the frequency of claims in the past, and even whether or not the applicant has an aggressive breed dog. Examining these factors can either greatly increase or provide discounts on monthly premiums.

4. Underwriter Tools of the Trade

Throughout the course of their career, underwriters must use many tools in their jobs to help them learn more about those they are providing their services to. To assist them in their jobs, an insurance underwriter has a variety of tools at their disposal. These tools include computer software that gives access to driving records and claims records. This software will allow underwriters to enter an applicant’s information and will return a rate based on that information.

Before an insurance underwriter can put this software to use they must first do some legwork that will give them the information they need to input into this software. One of the first things underwriters use to do this part of their jobs is the applicants Medical Information Bureau (MIB) report. This report serves as a clearinghouse for insurance companies that store health related data such as underwriting denials, substandard issue rates, and the reasoning behind this. The MIB report is not used by all insurance companies; it is a completely optional membership. The MIB report can be requested by an applicant at any time.

Another tool used by the insurance underwriter is the mortality and morbidity rate table. The mortality table allows underwriters to determine if a person at a specific age and health is going to live long enough to pay enough premiums to be profitable to the company. Insurance companies do not want to write policies for someone who may pass away before their next birthday. The morbidity table is used to determine how likely it is that a person of a given age and history will be exposed to a disease or illness. Underwriters use this tool to track the number of diseases or illnesses throughout a given population.

5. Featured Local Company

Manpower International

(850) 473-8011
185-D W. Airport Blvd.
Pensacola, FL
www.us.manpower.com

Permanent Placement, temporary and temp to hire staffing. Assessments and training.

Regional Articles
- Insurance Underwriter Alachua FL
- Insurance Underwriter Altamonte Springs FL
- Insurance Underwriter Apopka FL
- Insurance Underwriter Arcadia FL
- Insurance Underwriter Atlantic Beach FL
- Insurance Underwriter Auburndale FL
- Insurance Underwriter Avon Park FL
- Insurance Underwriter Bartow FL
- Insurance Underwriter Belle Glade FL
- Insurance Underwriter Belleview FL
- Insurance Underwriter Beverly Hills FL
- Insurance Underwriter Boca Raton FL
- Insurance Underwriter Bonifay FL
- Insurance Underwriter Bonita Springs FL
- Insurance Underwriter Boynton Beach FL
- Insurance Underwriter Bradenton FL
- Insurance Underwriter Brandon FL
- Insurance Underwriter Brooksville FL
- Insurance Underwriter Bushnell FL
- Insurance Underwriter Callahan FL
- Insurance Underwriter Cantonment FL
- Insurance Underwriter Cape Coral FL
- Insurance Underwriter Casselberry FL
- Insurance Underwriter Chipley FL
- Insurance Underwriter Clearwater FL
- Insurance Underwriter Clermont FL
- Insurance Underwriter Clewiston FL
- Insurance Underwriter Cocoa Beach FL
- Insurance Underwriter Cocoa FL
- Insurance Underwriter Crawfordville FL
- Insurance Underwriter Crestview FL
- Insurance Underwriter Crystal River FL
- Insurance Underwriter Dade City FL
- Insurance Underwriter Dania FL
- Insurance Underwriter Davenport FL
- Insurance Underwriter Daytona Beach FL
- Insurance Underwriter Debary FL
- Insurance Underwriter Deerfield Beach FL
- Insurance Underwriter Defuniak Springs FL
- Insurance Underwriter Deland FL
- Insurance Underwriter Delray Beach FL
- Insurance Underwriter Deltona FL
- Insurance Underwriter Destin FL
- Insurance Underwriter Dover FL
- Insurance Underwriter Dunedin FL
- Insurance Underwriter Dunnellon FL
- Insurance Underwriter Edgewater FL
- Insurance Underwriter Englewood FL
- Insurance Underwriter Eustis FL
- Insurance Underwriter Fernandina Beach FL
- Insurance Underwriter Fort Lauderdale FL
- Insurance Underwriter Fort Myers Beach FL
- Insurance Underwriter Fort Myers FL
- Insurance Underwriter Fort Pierce FL
- Insurance Underwriter Fort Walton Beach FL
- Insurance Underwriter Frostproof FL
- Insurance Underwriter Gainesville FL
- Insurance Underwriter Green Cove Springs FL
- Insurance Underwriter Gulf Breeze FL
- Insurance Underwriter Haines City FL
- Insurance Underwriter Hallandale FL
- Insurance Underwriter Havana FL
- Insurance Underwriter Hawthorne FL
- Insurance Underwriter Hernando FL
- Insurance Underwriter Hialeah FL
- Insurance Underwriter Hobe Sound FL
- Insurance Underwriter Holiday FL
- Insurance Underwriter Hollywood FL
- Insurance Underwriter Homestead FL
- Insurance Underwriter Homosassa FL
- Insurance Underwriter Hudson FL
- Insurance Underwriter Immokalee FL
- Insurance Underwriter Indialantic FL
- Insurance Underwriter Interlachen FL
- Insurance Underwriter Inverness FL
- Insurance Underwriter Jacksonville Beach FL
- Insurance Underwriter Jacksonville FL
- Insurance Underwriter Jensen Beach FL
- Insurance Underwriter Jupiter FL
- Insurance Underwriter Key Biscayne FL
- Insurance Underwriter Key Largo FL
- Insurance Underwriter Key West FL
- Insurance Underwriter Keystone Heights FL
- Insurance Underwriter Kissimmee FL
- Insurance Underwriter Labelle FL
- Insurance Underwriter Lady Lake FL
- Insurance Underwriter Lake City FL
- Insurance Underwriter Lake Mary FL
- Insurance Underwriter Lake Placid FL
- Insurance Underwriter Lake Wales FL
- Insurance Underwriter Lake Worth FL
- Insurance Underwriter Lakeland FL
- Insurance Underwriter Land O Lakes FL
- Insurance Underwriter Largo FL
- Insurance Underwriter Leesburg FL
- Insurance Underwriter Lehigh Acres FL
- Insurance Underwriter Live Oak FL
- Insurance Underwriter Longwood FL
- Insurance Underwriter Loxahatchee FL
- Insurance Underwriter Lutz FL
- Insurance Underwriter Lynn Haven FL
- Insurance Underwriter Macclenny FL
- Insurance Underwriter Madison FL
- Insurance Underwriter Maitland FL
- Insurance Underwriter Marathon FL
- Insurance Underwriter Marco Island FL
- Insurance Underwriter Marianna FL
- Insurance Underwriter Mary Esther FL
- Insurance Underwriter Melbourne Beach FL
- Insurance Underwriter Melbourne FL
- Insurance Underwriter Merritt Island FL
- Insurance Underwriter Miami Beach FL
- Insurance Underwriter Miami FL
- Insurance Underwriter Miami Lakes FL
- Insurance Underwriter Middleburg FL
- Insurance Underwriter Milton FL
- Insurance Underwriter Monticello FL
- Insurance Underwriter Mount Dora FL
- Insurance Underwriter Mulberry FL
- Insurance Underwriter Naples FL
- Insurance Underwriter Navarre FL
- Insurance Underwriter New Port Richey FL
- Insurance Underwriter New Smyrna Beach FL
- Insurance Underwriter Niceville FL
- Insurance Underwriter Nokomis FL
- Insurance Underwriter North Fort Myers FL
- Insurance Underwriter North Miami Beach FL
- Insurance Underwriter North Palm Beach FL
- Insurance Underwriter North Port FL
- Insurance Underwriter Ocala FL
- Insurance Underwriter Ocoee FL
- Insurance Underwriter Odessa FL
- Insurance Underwriter Okeechobee FL
- Insurance Underwriter Oldsmar FL
- Insurance Underwriter Opa Locka FL
- Insurance Underwriter Orange City FL
- Insurance Underwriter Orange Park FL
- Insurance Underwriter Orlando FL
- Insurance Underwriter Ormond Beach FL
- Insurance Underwriter Oviedo FL
- Insurance Underwriter Palatka FL
- Insurance Underwriter Palm Bay FL
- Insurance Underwriter Palm Beach FL
- Insurance Underwriter Palm Beach Gardens FL
- Insurance Underwriter Palm City FL
- Insurance Underwriter Palm Coast FL
- Insurance Underwriter Palm Harbor FL
- Insurance Underwriter Palmetto FL
- Insurance Underwriter Panama City Beach FL
- Insurance Underwriter Panama City FL
- Insurance Underwriter Pensacola FL
- Insurance Underwriter Perry FL
- Insurance Underwriter Pinellas Park FL
- Insurance Underwriter Plant City FL
- Insurance Underwriter Polk City FL
- Insurance Underwriter Pompano Beach FL
- Insurance Underwriter Ponte Vedra Beach FL
- Insurance Underwriter Port Charlotte FL
- Insurance Underwriter Port Orange FL
- Insurance Underwriter Port Richey FL
- Insurance Underwriter Port Saint Lucie FL
- Insurance Underwriter Punta Gorda FL
- Insurance Underwriter Quincy FL
- Insurance Underwriter Riverview FL
- Insurance Underwriter Rockledge FL
- Insurance Underwriter Ruskin FL
- Insurance Underwriter Safety Harbor FL
- Insurance Underwriter Saint Augustine FL
- Insurance Underwriter Saint Cloud FL
- Insurance Underwriter Saint Petersburg FL
- Insurance Underwriter Sanford FL
- Insurance Underwriter Sarasota FL
- Insurance Underwriter Satellite Beach FL
- Insurance Underwriter Sebastian FL
- Insurance Underwriter Sebring FL
- Insurance Underwriter Seffner FL
- Insurance Underwriter Seminole FL
- Insurance Underwriter Shalimar FL
- Insurance Underwriter Spring Hill FL
- Insurance Underwriter Starke FL
- Insurance Underwriter Stuart FL
- Insurance Underwriter Summerfield FL
- Insurance Underwriter Sun City Center FL
- Insurance Underwriter Tallahassee FL
- Insurance Underwriter Tampa FL
- Insurance Underwriter Tarpon Springs FL
- Insurance Underwriter Tavares FL
- Insurance Underwriter Titusville FL
- Insurance Underwriter Valrico FL
- Insurance Underwriter Venice FL
- Insurance Underwriter Vero Beach FL
- Insurance Underwriter Wauchula FL
- Insurance Underwriter Wesley Chapel FL
- Insurance Underwriter West Palm Beach FL
- Insurance Underwriter Wildwood FL
- Insurance Underwriter Williston FL
- Insurance Underwriter Winter Garden FL
- Insurance Underwriter Winter Haven FL
- Insurance Underwriter Winter Park FL
- Insurance Underwriter Winter Springs FL
- Insurance Underwriter Yulee FL
- Insurance Underwriter Zephyrhills FL
Related Local Events
Webinar
Dates: 9/2/2008 - 9/2/2008
Location: Online
Pembroke Pines FL
View Details

Membership Breakfast
Dates: 9/9/2008 - 9/9/2008
Location: TBA
Pembroke Pines FL
View Details

Annual Business Excellence Luncheon & Awards Luncheon
Dates: 9/16/2008 - 9/16/2008
Location: Thrasher Horne Conference Center
Orange Park FL
View Details

Business Card Exchange
Dates: 9/18/2008 - 9/18/2008
Location: TBA
Pembroke Pines FL
View Details

Business & Health Expo Presented by St. Vincent?s HealthCare rights today.oday.ent; The Churches and the Civil Rights Movement.in Freedom to Operate, Build Defensive Pate
Dates: 9/25/2008 - 9/25/2008
Location: Thrasher Horne Conference Center
Orange Park FL
View Details
Rate Article
     
Articles Insider

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Educational Content Home Appliances Real Estate Resources
Business Services Entertainment Home Electronics Software
Career Family Home Services Technology
Cars Fashion Internet Telecommunications
Chamber of Commerce Financial Services Legal Trade Shows
Computer Hardware Franchise Miscellaneous Travel
Construction Health Nightlife Weddings
Education Holidays Online Database World History