Job Title: Underwriting Unit Leader
Type of Company: I work for a health insurance company headquartered in Connecticut.
Education: BA, Communication Sciences, University of Connecticut
Previous Experience: I worked as an underwriter at Cigna and then transferred to another major insurance company as an underwriter. I was subsequently promoted to Underwriting Unit Leader.
Job Tasks: I manage a team of seven renewal underwriters. We provide medical renewals (rate increases) for groups that have between 125-3,000 eligible (or full-time) employees. My team calculates the needed renewal increase by looking at the group's historical claims experience in relation to the premium they are currently paying and using that claims history to evaluate what the needed increase is. My day-to-day responsibilities include providing the underwriters the support they need to do their jobs. For the most part, I answer their questions, help them with aspects of the job they're unfamiliar with, and provide them with feedback on their performance.
Best and Worst Parts of the Job: The best part of the job is that every day is different from the previous. Each group we deal with is different and has its own unique challenges. The days go by very fast.
The worst part of the job is that there are peak periods. The busiest time of the year is between July and the end of November. During that time, we are working on our January renewals (which is our busiest renewal month). The company I work for needs to make a fair profit. Sometimes (especially in this economy), the sales team as well as the groups that are receiving the rate increases get upset about the rate increases.
Job Tips: Take a negotiating course, as there is a lot of internal and external negotiating in this job. Taking a negotiating course will prepare you with the different methods to use when you are working through a negotiation.
Take a writing Course. We write many e-mails that explain why we are implementing a particular rate increase. A writing course will help you write concise and easy to read e-mails.
Take an algebra course. We use simple algebra in our day-to-day jobs.
These schools offer particularly quick info upon request, and we have written detailed profiles for each (click school names to see the profiles).
Request info from multiple schools, by clicking the Request Info links.
What They’re Known For
Founded in 1946 and located in the heart of central New York, Utica College is a regionally accredited, independent, private institution that features many of the advantages of a large university — such as undergraduate and graduate degree options, excellent academics, and outstanding faculty — with the intimacy and high degree of personal attention more closely associated with smaller private institutions.
Lower Tuition Cost Than Many Other Universities. Classes Start Soon.
The goal of earning a master’s degree should be defined by you, not by your circumstances. No matter which path you’ve chosen, a graduate degree can help you advance with your current organization, explore opportunities with a new company, or even start fresh in a new industry. When you earn your master's degree, you’re opening new opportunities for career development that can make a difference for you and your family. Through flexible class scheduling, dedicated career advisors and quality programs, NAU strives to provide a caring and supportive learning environment to ensure your success as a student.
Choosing a school and a new career path can be a very overwhelming process.
San Joaquin Valley College - A Private Junior College.
At UEI College, we want you to succeed. We’re like a family and we want you to be a part of it.
Iowa Wesleyan University is a transformational learning community whose passion is to educate, empower and inspire students to lead meaningful lives and careers.
Johns Hopkins University Carey Business School has brought the philosophy of business with humanity in mind to a part time format.
Baker College is proud to be the largest independent college in Michigan with the most focused approach to education and training available. With one of the highest graduate employment rates in the country, our mission is to help our students find meaningful employment.
The inside stories from people actually working in the field.
Click a story title to show the story, and click the title again to hide it.
Career Stories are concise, real-world career overviews written by people relating their personal career experiences and wisdom. They provide invaluable insights and mentoring advice to students and career changers.
Most stories include:
Please also see our detailed information about Insurance Underwriters, including: