Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

What Is The Role Of Underwriters Under A Life Insurance Policy?

Published On Oct 18, 2021

The role of an Underwriter inside an insurance company is to evaluate and examine insurance requests in order to determine and assess the risks that the company will be undertaking if an insurance agreement is issued. They calculate the extent of the coverage provided by the policy and the premium depending on the results of their evaluation. Insurance Underwriters are able to decide whether an insurance policy should or should not be issued.

They work closely with Actuaries, Insurance Agents, and Insurance Brokers. Before an Agent or a Broker can close a deal with a potential client, Insurance Underwriters usually have the last say on whether the policy will be processed or not. They are also in charge of evaluating existing customers to decide whether their contract should be renewed or terminated.

Primary Responsibilities of An Underwriter

Here’s a non-exhaustive list of common tasks Insurance Underwriters are required to complete.

Evaluating The Risks Of An Insurance Policy Contract

  • Working in tandem with Actuaries to calculate the risks of insurance policies;
  • studying insurance applications to determine risks; and
  • gathering information on policy applicants (e.g. background checks, medical records, among others).

Calculating Premiums And Other Payments For Insurance Applicants 

  • Analyzing risk reports and medical or property evaluations to determine costs.
  • Deciding the length of coverage of a policy:
  • Negotiating with clients, Insurance Agents, and Brokers;
  • Explaining risks; and
  • Authorizing financial transactions.
  • Risk evaluation

Adjusting Existing Premiums To Ensure That Accounts Remain Profitable

  • Updating information on risks;
  • evaluating if risks have increased or decreased; and
  • accommodating premiums accordingly.

Writing Insurance Policy Agreements

  • Determining coverage; and
  • establishing certain conditions for insurance agreements (e.g. demanding the insured to install a security system on their property or requesting a list of designated drivers of a vehicle).

Staying In Contact With Medical Examiners And Other Experts To Gather Information On A Policy Applicant

  • Asking for and reading expert’s reports based on examinations; and
  • explaining regulations and insurance procedures to them.

Reviewing A Company’s Records When Applying For Group Or Commercial Insurance

  • Evaluating the financial records of the company;
  • meeting with a company representative to negotiate terms; and
  • studying risk factors present in the company.

Evaluating Possible Losses In Case Of A Natural Disaster For Property Insurance

  • Calculating potential human and property losses;
  • evaluating existing policies in accordance to calculations; and
  • adjusting policies to decrease the possibility of losses.

Granting Or Declining Insurance Policies

  • Authorizing insurance policies when risks are low enough;
  • rejecting policy applications when risks are too high; and
  • granting or rejecting policy renewals based on risk reports.

Daily Tasks of An Underwriter

Here's a short list of the daily work that an underwriter has to do.

  • Collecting information on policy applicants.
  • Calculating and evaluating risks.
  • Working with Actuaries to calculate potential risks and losses.
  • Analyzing medical and expert reports.
  • Working with Insurance Agents and Brokers on policy terms.
  • Ensuring all paperwork and reports adhere to applicable regulations.
  • Calculating premiums and taking care of payment arrangements for new clients.
  • Keeping records of existing clients.
  • Adjusting existing insurance policies to ensure minimum losses.


Insurance Underwriters usually work during the standard 9-to-5 office hours, on a Monday through Friday basis. On times where there is more work to be done than usual (e.g. when natural disasters occur), Insurance Underwriters may be required to work extra hours. Their work is almost completely office-based. On certain occasions, Insurance Underwriters may need to travel in order to meet with Brokers or clients, although, in most cases, it happens the other way around.

Also read: 

Can Term Insurance Be Purchased Without An Income Proof?

How to Select the Best Term Insurance Plan for the Tough Times of Life?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

Popularly Opted Term Insurance Sum Assured

People Also Read

Must BuyMust Buy

Why to Buy Life Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 50 Lacs+ happy customers
Find the right life insurance for you
By clicking, I agree to *terms & conditions  and privacy policy.
Find the right life insurance for you
By clicking, I agree to *terms & conditions  and privacy policy.