Property Casualty Underwriter Job Description [Updated for 2025]

In an increasingly complex and risky world, the emphasis on Property Casualty Underwriters has never been more critical.

With growing property assets and evolving risks, the demand for skilled professionals who can assess, quantify, and manage these risks escalates.

But let’s delve deeper: What’s truly expected from a Property Casualty Underwriter?

Whether you are:

• A job seeker seeking to understand the true nature of this role,
• A hiring manager outlining the perfect candidate,
• Or simply fascinated by the world of property casualty underwriting,

You’re in the right place.

Today, we present a customizable Property Casualty Underwriter job description template, designed for effortless posting on job boards or career sites.

Let’s dive right in.

Property Casualty Underwriter Duties and Responsibilities

Property Casualty Underwriters play a crucial role in the insurance industry by evaluating the risks involved in insuring people and assets.

They determine coverage amounts and premiums for insurance policies based on this risk assessment.

Property Casualty Underwriters have the following duties and responsibilities:

• Evaluating insurance applications to decide coverage amounts and premiums
• Determining whether to provide insurance based on risk assessment
• Reviewing insurance policies for compliance with company rules and state regulations
• Consulting with actuaries, legal experts, and others to write policy terms that minimize risk for the company
• Keeping up-to-date with changes in the insurance industry and adjusting policies and coverage as necessary
• Meeting with insurance agents and clients to discuss policy details and answer questions
• Using computer software to perform data analysis and make risk assessments
• Negotiating terms with policyholders or their legal representatives
• Investigating available information from various sources to determine the validity of applications
• Performing regular reviews of existing policies and making changes or cancellations as necessary

 

Property Casualty Underwriter Job Description Template

Job Brief

We are seeking a diligent Property Casualty Underwriter to evaluate risk and potential returns on insurance plans.

The Property Casualty Underwriter’s responsibilities include analyzing information on insurance applications, determining the risk of insuring a client, and writing and finalizing insurance policies.

A successful candidate will have excellent analytical skills and a thorough knowledge of the insurance industry.

Ultimately, the role of the Property Casualty Underwriter is to ensure profitability through careful risk assessment and management.

 

Responsibilities

• Assessing insurance proposals and applications to determine the level of risk
• Determining premiums and amounts of coverage
• Writing policies that cover financial loss due to property damage, injuries or liability
• Negotiating and drawing up contracts
• Ensuring that policy requirements are met
• Reviewing insurance applications for compliance and adherence
• Evaluating recommendations from underwriting software
• Contacting field representatives, medical personnel, and others to obtain further information
• Deciding whether to offer coverage

 

Qualifications

• Proven work experience as an underwriter, Insurance Agent or similar position
• Solid understanding of insurance policies and ability to interpret technical information
• Aptitude in decision-making and working with numbers
• Experience with analytical software
• Proficiency in MS Office
• Strong analytical skills
• Attention to detail
• BSc degree in Business, Finance or relevant field

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Property Casualty Underwriter
• Work Environment: Office setting with options for remote work. Some travel may be required for client meetings or site visits.
• Reporting Structure: Reports to the Underwriting Manager or Risk Assessment Manager.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $65,000 minimum to $95,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Property Casualty Underwriter Do?

Property Casualty Underwriters work in the insurance industry and play a vital role in evaluating insurance applications to decide whether to provide insurance, and under what terms.

They assess risk factors associated with the applicant and the property in question, such as the property’s condition, location, and the applicant’s history of claims.

These factors are all taken into consideration to determine whether insuring the property would be a profitable venture for the insurance company.

Property Casualty Underwriters must possess a deep understanding of insurance policies and coverage.

They should be able to interpret complex information from various sources and make informed decisions based on this data.

The underwriters are also responsible for setting the premiums, which are the amounts charged for insurance coverage.

They determine this based on the level of risk associated with insuring the property.

They often work closely with insurance agents and brokers, providing them with underwriting decisions and assisting them in developing insurance proposals for potential clients.

Property Casualty Underwriters also review existing policies and may adjust coverage or premiums based on changes in risk.

They also handle renewals and modifications to existing policies, always ensuring the insurance company maintains a profitable balance of risk.

 

Property Casualty Underwriter Qualifications and Skills

A proficient Property Casualty Underwriter should have the skills and qualifications that align with your job description, such as:

• Knowledge of property and casualty insurance principles, practices, and contracts to correctly evaluate and manage risk.
• Strong analytical skills to carefully analyze a variety of complex information like financial data, loss control reports, and risk management plans.
• Excellent decision-making skills to make accurate underwriting decisions that balance potential risk and profitability for the company.
• Superior negotiation skills to effectively negotiate terms, conditions, and pricing with brokers and agents.
• Excellent communication skills to clearly express underwriting decisions and negotiate with clients or brokers effectively.
• Detail-oriented with a high degree of accuracy in documentation, data analysis, and report writing.
• Ability to work under pressure and meet deadlines for underwriting and risk assessments.
• Customer service skills to maintain strong relationships with brokers, agents, and clients, ensuring a high level of satisfaction and retention.
• Knowledge of industry-specific software and technology to manage and process underwriting information efficiently.

 

Property Casualty Underwriter Experience Requirements

To start a career as a Property Casualty Underwriter, individuals should have a bachelor’s degree in finance, business, or a related field.

Entry-level candidates may have 1 to 2 years of experience, often through an internship or a part-time role in a financial or insurance firm.

They may also gain practical experience in roles such as Assistant Underwriter, Insurance Agent, Risk Analyst, or other similar positions in the insurance industry.

Candidates with more than 3 years of experience are likely to have developed their skills in evaluating insurance applications, determining coverage amounts and premiums, and understanding insurance markets and risk management.

These individuals may have worked in roles such as Insurance Underwriter or Insurance Claims Adjuster.

Those with more than 5 years of experience are generally considered seasoned professionals.

They may have some leadership experience and could be ready for a Senior Underwriter or Underwriting Manager position.

These individuals are expected to have a strong understanding of insurance laws and regulations, and be able to handle complex cases that involve substantial financial risk.

In some cases, employers may prefer candidates with professional certifications like the Chartered Property Casualty Underwriter (CPCU) designation, which demonstrates advanced knowledge in the field.

 

Property Casualty Underwriter Education and Training Requirements

Property Casualty Underwriters generally require a bachelor’s degree in business, finance, economics, or a related field.

These programs provide students with a foundation in risk assessment, insurance policies, and financial management, which are crucial skills for underwriters.

Along with formal education, underwriters also need a solid understanding of property and casualty insurance, including the various types of policies and the risks associated with them.

Some positions may require Property Casualty Underwriters to hold a specialized certification such as the Chartered Property Casualty Underwriter (CPCU) designation.

This certification signifies a high level of professional expertise and knowledge in the field of property and casualty insurance.

Underwriters must also partake in continual education to stay updated on changing insurance laws, regulations, and best practices.

Experience in the field of insurance, particularly in areas related to property and casualty, could be advantageous.

Strong analytical, decision-making, and communication skills are also essential for success in this role.

 

Property Casualty Underwriter Salary Expectations

A Property Casualty Underwriter can expect an average salary of $70,987 (USD) per year.

The actual earnings may vary depending on factors such as experience, qualifications, geographical location, and the size and reputation of the employing company.

 

Property Casualty Underwriter Job Description FAQs

What skills does a Property Casualty Underwriter need?

Property Casualty Underwriters need strong analytical skills to evaluate insurance applications and calculate risks.

They need to have excellent attention to detail to review complex documents and identify discrepancies.

Good communication and interpersonal skills are also crucial for liaising with brokers and policyholders.

Knowledge of legal and insurance industry regulations is also important.

 

Do Property Casualty Underwriters need a degree?

While not always required, many employers prefer Property Casualty Underwriters to have a bachelor’s degree in business, finance, economics, or a related field.

Some prefer candidates with professional certification such as the Chartered Property Casualty Underwriter (CPCU) designation.

This profession does require a keen understanding of insurance principles, laws and regulations, risk assessment, and financial planning.

 

What should you look for in a Property Casualty Underwriter resume?

On a Property Casualty Underwriter’s resume, look for a bachelor’s degree in a related field, relevant experience in underwriting, and familiarity with property casualty insurance.

Certifications like CPCU designation should be highlighted.

Strong analytical, decision-making, and communication skills should also be evident.

Experience with underwriting software or tools is a plus.

 

What qualities make a good Property Casualty Underwriter?

A good Property Casualty Underwriter has strong analytical skills, allowing them to accurately assess risk and make informed decisions.

They have a keen attention to detail, which enables them to spot inconsistencies or inaccuracies in application information.

They’re also excellent communicators, capable of explaining complex insurance terms and conditions to clients.

Good underwriters are also proactive and can anticipate potential issues before they arise.

 

Is it challenging to hire Property Casualty Underwriters?

Hiring Property Casualty Underwriters can be challenging due to the high level of expertise and experience required for the role.

Employers often seek candidates with a solid background in underwriting, a deep understanding of insurance principles, and strong analytical skills.

Therefore, it’s important to provide attractive job offers, opportunities for professional growth, and a supportive work environment to attract the best candidates.

 

Conclusion

So, there you have it.

Today, we’ve uncovered the true essence of being a Property Casualty Underwriter.

And guess what?

It’s not just about assessing risks.

It’s about defining the financial stability of businesses and individuals, one policy at a time.

With our comprehensive Property Casualty Underwriter job description template and real-world examples, you’re poised to make your next move.

But why stop there?

Dive deeper with our job description generator. It’s your key to creating precision-crafted job listings or refining your resume to perfection.

Remember:

Every policy is a part of the bigger picture.

Let’s shape that future. Together.

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