dcsimg

Career Story: Underwriting Unit Leader For A Health Insurance Company

Underwriting Unit Leader For A Health Insurance Company

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.

Popular Schools offering Insurance Programs

 
Results:  10
Matching School Ads

Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!

Selected Campus Locations:
  • Online

With an education from an Art Institutes school, imagine what you could create.

Selected Campus Locations:

Turn your talents into a career at nationally recognized and accredited Platt College.

Selected Campus Locations:
  • Ontario
Selected Programs:
  • Business Management

At UEI College, we want you to succeed. We’re like a family and we want you to be a part of it.

Selected Campus Locations:
  • Fresno

As a student at South University, Online Programs, you will receive the same quality instruction, variety of learning options and level of service found at the campus locations.

Selected Campus Locations:
  • Online

Abilene Christian University is a national leader in Christian higher education and a place where students, faculty, staff and alumni make a real difference in the world.

Selected Campus Locations:
  • Online

Change the World with American University

Be a part of something bigger than yourself.

Selected Campus Locations:
  • Online

At Post University, we believe you shouldn’t have to put your life on hold to further your education.

Selected Campus Locations:
  • Online

100% Online & No Standardized Testing

Selected Campus Locations:
  • Online

Additional Career Stories for Insurance Underwriters

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.

All Types

You are visiting:

What are Career Stories?

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:

  • a typical day or project
  • tips and advice
  • best and worst parts
  • educational background
  • previous experience

Browse hundreds of Career Stories

More Details On This Career

Please also see our detailed information about Insurance Underwriters, including:

Back to Top