Commercial Underwriter? Scanning Staff?(In an insurance company)?
Hi.
Can someone tell me what a commercial underwriter and a
scanning staff does surrounded by an insurance company?
Also, can you also tell me whether these positions
1) 100% commission based earnings
2) 100% stable salary (Non-commission based)
3) based earnings + commission
?
Have a nice day.
Answers:
Sounds like this is a position next to the actual insurance company??
if so it will be a salaried position with possible bonus based on policies issued, or loss ratio... depending on the company they will require abundantly of experience for an underwriting position, however I know at least one company no name... (the one with the talking lizard) they merely want warm bodies to fill cubicles....
Well, I can tell you first hand seeing as I hold done both of these jobs in the company I work for. I started within the insurance company I work for now as an "Imaging Specialist" where you scan documents into the computer, it's plentifully of scanning, data entry, etc. Pretty boring. But a worthy way to get your foot within the door.
I am now an Underwriter... I decide whether or not to issue the policies that individuals are applying for. I look at their health, background, build, risk, etc to want whether or not we can insure them.
I've also worked in Client Services before, servicing contained by force policies. Making changes to policies such as beneficiary and ownership changes, reinstating policies after they enjoy lapsed (due to non-payment), processing policy loans, etc.
None of my jobs in the insurance company own been commission based (commissions usually turn along more with selling insurance, we don't have anyone contained by our home office who sells. For that, we own independent brokers across the country). Source(s): First hand experience!
Depends on the agency.
Usually, an underwriter quotes and services commercial policies - assigning appropriate premiums, finding the markets, varying policies as needed, negotiating between the carriers and the clients. It's usually remuneration, but can be base with commission if it's, for example, at a wholesaler, where on earth you're expected to primarily sell insurance. You'll probably be required to have several years of insurance experience, preferably commercial lines, and plausible a license as well.
Scanning staff is clerical - you scan documents into the computer, and label them so they can be retrieved. VERY BORING. It's probably hourly. No insurance experience crucial. Source(s): agent, 21+ years
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Can someone tell me what a commercial underwriter and a
scanning staff does surrounded by an insurance company?
Also, can you also tell me whether these positions
1) 100% commission based earnings
2) 100% stable salary (Non-commission based)
3) based earnings + commission
?
Have a nice day.
Answers:
Sounds like this is a position next to the actual insurance company??
if so it will be a salaried position with possible bonus based on policies issued, or loss ratio... depending on the company they will require abundantly of experience for an underwriting position, however I know at least one company no name... (the one with the talking lizard) they merely want warm bodies to fill cubicles....
Well, I can tell you first hand seeing as I hold done both of these jobs in the company I work for. I started within the insurance company I work for now as an "Imaging Specialist" where you scan documents into the computer, it's plentifully of scanning, data entry, etc. Pretty boring. But a worthy way to get your foot within the door.
I am now an Underwriter... I decide whether or not to issue the policies that individuals are applying for. I look at their health, background, build, risk, etc to want whether or not we can insure them.
I've also worked in Client Services before, servicing contained by force policies. Making changes to policies such as beneficiary and ownership changes, reinstating policies after they enjoy lapsed (due to non-payment), processing policy loans, etc.
None of my jobs in the insurance company own been commission based (commissions usually turn along more with selling insurance, we don't have anyone contained by our home office who sells. For that, we own independent brokers across the country). Source(s): First hand experience!
Depends on the agency.
Usually, an underwriter quotes and services commercial policies - assigning appropriate premiums, finding the markets, varying policies as needed, negotiating between the carriers and the clients. It's usually remuneration, but can be base with commission if it's, for example, at a wholesaler, where on earth you're expected to primarily sell insurance. You'll probably be required to have several years of insurance experience, preferably commercial lines, and plausible a license as well.
Scanning staff is clerical - you scan documents into the computer, and label them so they can be retrieved. VERY BORING. It's probably hourly. No insurance experience crucial. Source(s): agent, 21+ years
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