GeneraliInsurance Underwriter
Mar. 2006 - Mar. 2017Serbia• Risk Assessment: Reviewing and analyzing applications for life insurance coverage to determine the level of risk involved.
• Medical Underwriting: Evaluating medical records, laboratory test results, and other medical information provided by applicants or obtained through medical examinations to assess their health status and identify any per-existing conditions or health risks.
• Financial Underwriting: Reviewing financial documents and information to assess the applicant's financial stability, including income, assets, debts, and other financial obligations.
• Risk Classification: Assigning risk classifications or rating categories to applicants based on their individual risk profiles, which determines the premium rates they will be charged for life insurance coverage.
• Decision Making: Making underwriting decisions on whether to approve, modify, or decline applications for life insurance coverage based on the risk assessment and underwriting guidelines.
• Policy Issuance: Issuing life insurance policies to approved applicants, specifying the coverage amounts, premium rates, policy terms, and any conditions or exclusions. • Underwriting Review: Conducting periodic reviews of existing policies to reassess risk factors, update underwriting information, and determine whether any changes to coverage or premium rates are warranted.
• Risk Management: Monitoring and managing the overall risk exposure of the insurance company's life insurance portfolio by ensuring that underwriting decisions align with risk management objectives and profitability targets.
• Compliance and Regulation: Ensuring compliance with applicable laws, regulations, and industry standards governing life insurance underwriting practices, including privacy laws and anti-discrimination regulations.