What is United Group Underwriters?
Asked by: Mrs. Marietta Senger Sr. | Last update: September 25, 2025Score: 4.3/5 (10 votes)
What is United underwriters?
United Underwriters, Inc. is a national Brokerage General Agency in business to help producers streamline their insurance business, increase their productivity and GET THEIR CLIENTS INSURED!
What is the job description of a group underwriter?
Job Description:
The successful candidate will be responsible for the risk selection and pricing of Group Life, Disability, Health, Dental and Critical Illness benefits. This includes renewing our existing business, providing pricing and advice on plan change requests as well as assessing new business opportunities.
What does an underwriter company do?
Underwriters determine whether to approve applicants for insurance coverage and, if approved, at what level to set premiums. Detail oriented. Underwriters must stay focused when reviewing insurance applications because each item may affect the coverage decision.
What does a group benefits underwriter do?
The underwriting process for group health insurance typically requires detailed information about the group members. This includes demographic data, medical history, and information on pre-existing conditions. The underwriter uses this data to assess the risk and calculate premiums.
A DAY IN THE LIFE OF AN UNDERWRITER | MY CAREER PATH TO UNDERWRITING
Can underwriters make a lot of money?
Being an underwriter is typically a job that pays above-average wages. The U.S. Bureau of Labor Statistics (BLS) reports that underwriters make between $47,000 and $126,000 per year. On average, they earn $76,390 each year and get paid $36 per hour.
What is the main purpose of insurance underwriters work?
What Is an Insurance Underwriter? Insurance underwriters are professionals who evaluate and analyze the risks involved in insuring people and assets. Insurance underwriters establish pricing for accepted insurable risks. The term underwriting means receiving remuneration for the willingness to pay a potential risk.
How do underwriters get paid?
An underwriter is any party, usually a member of a financial organization, that evaluates and assumes another party's risk in mortgages, insurance, loans, or investments for a fee, usually in the form of a commission, premium, spread, or interest.
Why has my loan application gone to the underwriters?
Mortgage underwriting is what happens behind the scenes once you submit your application. It's the process a lender uses to take an in-depth look at your credit and financial background to determine if you're eligible for a loan.
Is underwriting a tough job?
Is being an Entry Level Insurance Underwriter a hard job to learn? Becoming an Entry Level Insurance Underwriter can be challenging due to the complexity of the job, the need for specialized knowledge, and the responsibility of assessing and mitigating risks.
Do you need a degree to be an underwriter?
Education. To become an underwriter, you typically need a bachelor's degree. There isn't a specific discipline (there's no degree in underwriting) but courses in mathematics, business, economics, and finance are beneficial in this field as they can certainly translate to any of the work you'll be doing.
What is the job description of an underwriter?
Underwriter Job Responsibilities:
Analyze financial data related to loan requests. Evaluate loan documents are to insure accuracy and completeness. Perform risk assessments on potential loan recipients based on credit rating, borrowing history, and other specific risk factors.
How do you become a group underwriter?
Qualifications Requires a BA/BS degree or 2 years of experience in medical large group underwriting. 5+ years of group insurance underwriting experience in the medium-to-large market (100+ employees).
Can underwriters work from home?
The job duties of a remote insurance underwriter focus on assessing the risk in insurance policies. In this virtual position, you work from home or from a remote office to evaluate the risk of each client who has applied. You may also review insurance coverage for excessive risk.
Why do companies use underwriters?
Underwriters assess the degree of risk within a given business. Underwriting helps to set fair borrowing rates for loans, establish appropriate insurance premiums, and create a market for securities by accurately pricing investment risk.
Who is the United insurance Group?
United Insurance Group Agency, Inc. has been a leader in the senior insurance market since 1983. Today, UIG is one of the fastest-growing insurance marketing organizations in the country. As we grow, we serve the insurance needs of not only seniors but individuals at all stages of life.
Can a loan be denied after underwriting?
Yes. Many lenders use third-party “loan audit” companies to validate your income, debt and assets again before you sign closing papers. If they discover major changes to your credit, income or cash to close, your loan could be denied.
Does underwriting mean loan is approved?
Underwriting is the process by which the lender decides whether an applicant is creditworthy and should receive a loan. An effective underwriting and loan approval process is a key predecessor to favorable portfolio quality, and a main task of the function is to avoid as many undue risks as possible.
How worried should I be about underwriting?
There's no reason for a borrower to worry or stress during the underwriting process if they get prequalified. They should keep in contact with their lender and try not to make any major changes that could have a negative impact on this critical process. That includes taking out new debt or making a big purchase.
Do underwriters watch your bank account?
The underwriter will look at your bank accounts to make sure you have the funds for a sufficient down payment. They'll also ask for an explanation if the funds were recently deposited into your account to verify that you didn't receive a loan that could impact your DTI.
Do underwriters check credit score?
A mortgage underwriter will: Look at your credit history. This includes an investigation of your credit report, credit score and payment record.
Do loan officers talk to underwriters?
Loan officers and underwriters do work together but from a distance. A loan officer works directly with the borrowers and provides the necessary information to the underwriter, who then evaluates the information.
Do insurance underwriters talk to customers?
To do so, underwriters don't communicate directly with the insured – instead they work with agents and brokers who are responsible for passing on insurance policy information to their customers.
What is the difference between a loan underwriter and an insurance underwriter?
For example, an underwriter for a health insurance company will review medical details, while a loan underwriter will assess factors like credit history. An underwriter's job is complex.
What are some common tasks performed by insurance underwriters?
Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property. Decline excessive risks. Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.