Standard Occupational Classification (SOC): Insurance Underwriters

Insurance underwriters in healthcare are responsible for evaluating insurance applications and determining whether to accept or reject them based on the applicant’s risk level. They review information such as medical records, employment history, and financial stability to assess the applicant’s risk of making a claim.

Insurance underwriters in healthcare may work for an insurance company or a healthcare organization. They typically have a background in finance, business, or a related field, and may also be required to hold a license in order to practice. Insurance underwriters use their knowledge of insurance policies and regulations, as well as their analytical skills, to make informed decisions about which applicants to accept and at what cost. They may also be responsible for reviewing and renewing existing insurance policies, as well as adjusting premiums based on changes in an insured individual’s risk level.