BriefYour role
Also known as Insurance risk consultant · Insurance underwriter · Accident and sickness insurance underwriter · Automobile insurance underwriterand 8 more
Casualty insurance underwriter · Commercial insurance underwriter · Commercial lines underwriter · Commercial property underwriter · Commercial underwriter · Fire insurance underwriter · Group insurance underwriter · Insurance adviser
Underwriting Analyst is a role in Insurance. The family covers underwriting, claims, actuarial, broking, sales and insurance operations. The core skill is insurance pricing, reserving and product economics, and the main work is credit risk and lending decisions and insurance underwriting, claims and policy.
The EFO level names are the common scale; job titles differ between employers.
| Level | What the work looks like | Typical years | Typical job titles |
|---|---|---|---|
| L1 Starting out | Learns the job; executes defined tasks with supervision | 0-2 | Banks: Analyst, Junior Analyst, Associate (asset servicing), Trainee, GraduateAsset servicers: Junior, Specialist (entry), Officer |
| L2 Independent | Owns a process end to end; trains L1; first contact for the team's clients | 2-5 | Banks: Analyst / Senior Analyst, AssociateAsset servicers: Specialist, Senior Specialist, Senior Officer |
| L3 Senior or specialist | Deep expertise; handles exceptions and change; represents the function in projects | 5-9 | Banks: Senior Associate, AVP, Assistant ManagerAsset servicers: Senior Specialist, Expert, Team Lead (small team) |
| L4 Leads a team or an area | Manages people or a large process; owns budgets or controls; escalation point | 8-14 | Banks: VP, Manager, Senior ManagerAsset servicers: Team Lead, Manager, Head of Section |
| L5 Leads the function | Accountable for the function in a legal entity or region; sets priorities and standards | 12+ | Banks: Director, Executive Director, Managing Director, Head of functionAsset servicers: Head of Department, Director |
Specialisations share most of the role and differ in the skills listed here.
Also known as Assurance account manager · Assurance branch manager · Assurance lead · Assurance office manager
Critical skills: Insurance pricing, reserving and product economics, Credit analysis and creditworthiness, Descriptive statistics and distributions
Critical skills: Insurance pricing, reserving and product economics, Credit analysis and creditworthiness, Descriptive statistics and distributions
Also known as Home office insurance underwriter · Property and automobile underwriter · Property insurance assessor · Property insurance underwriter
Critical skills: Insurance pricing, reserving and product economics, Credit analysis and creditworthiness, Descriptive statistics and distributions
Each role lists its skills with a tier and a weight. The weights of one role add up to 100 percent.
Source: the EFO role catalogue, built from the ESCO classification and reviewed by the editors.
The percentage is the skill's share of the role; the bars are drawn relative to the anchor skill, which is shown full.
The work the role takes part in.
The L3 salary range for this role, with its sources, will appear here when the salaries section opens.
Roles that need many of the same skills, by weighted skill overlap, with the skills you would need to add.
81% skill overlap
To add: Reinsurance fundamentals
62% skill overlap
To add: Forecasting methods and time series, Python for data analysis, Asset-liability management and rate risk
60% skill overlap
To add: Forecasting methods and time series, Python for data analysis, Asset-liability management and rate risk
54% skill overlap
To add: Credit risk models (IFRS 9, IRB), Basel framework and capital, Prudential and regulatory reporting (COREP, FINREP, US call reports)
54% skill overlap
To add: Credit risk models (IFRS 9, IRB), Basel framework and capital, Prudential and regulatory reporting (COREP, FINREP, US call reports)
52% skill overlap
To add: Credit risk models (IFRS 9, IRB), Basel framework and capital, Corporate governance