Find out how much an Insurance Underwriter earns across various companies in Nigeria.
Insurance underwriters decide if applications for insurance cover (risks) should be accepted and if so, what the terms of that acceptance are. They assess a risk according to the likelihood of a claim being made by weighing up a number of factors and asking for detailed information from prospective clients (policyholders). The aim is to minimise losses for their company and help to make a profit. Most underwriters specialize in one type of insurance.
Insurance underwriters work closely with actuaries, risk and claims managers to ensure a balance between attracting and retaining customers through competitive insurance premiums (fees) and being able to cover any potential losses from claims.
Insurance Underwriter salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, professional experience and even the hiring company. Jobzilla Nigeria analyzes the market remunerations and helps you negotiate your pay with confidence.
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