In the case of mortgage applications, the Underwriter will look at the credit history as well as assets, loan amount as well as home assessment and medical history. For insurance applicants, an Underwriter will look at the medical history prior to deciding whether or not to approve the application based on the risks presented.
An Underwriter&apos;s duties are as follows:
<ul>
 <li>The Insurance Underwriters: The Insurance Underwriters have to decide on the amount of insurance coverage that is required for clients by assessing their risk and their exposure.</li>
 <li>Mortgage Underwriters: In determining the risk of default, or the possibility that the borrower will not be able to pay back the loan They take into consideration things like credit scores which helps the lender understand the financial condition of the borrower.</li>
</ul>

The job role of Underwriter in India is expected to witness steady growth in the market. Over the past 10 years, there has been a significant rise in employment opportunities for Underwriters, with an increasing demand for their skills in various sectors such as insurance, banking, and finance. the projected growth of this position in the next decade remains positive, indicating sustained opportunities for employment. The expanding insurance industry and the need for risk assessment are key factors contributing to the rise in employment prospects for Underwriters in India. Overall, the job outlook for Underwriters in India is promising, with a favorable market and ample opportunities for growth.

How to Learn

As an Underwriter with 3-6 years of experience in India, you will be responsible for:<ul><li>Evaluating insurance applications and determining the level of risk involved based on information provided by the applicant.</li><li>Reviewing and analyzing financial statements, credit reports, and other relevant data to make informed decisions about insurance coverage.</li><li>Calculating appropriate premium amounts based on risk assessment and market conditions to ensure profitability for the insurance company.</li><li>Collaborating with clients, brokers, and other stakeholders to address queries, provide recommendations, and negotiate terms for insurance policies.</li></ul>

Roles & Responsibilities

Average take home Salary for a Underwriter in India is around $8345 per year

Salary Breakup

They are employed by banks that deal with mortgages and loans. They are accountable for analyzing the risk of loans based on information on the application. They also review other details on an application for loan to make sure that it is correct.

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Underwriter

Salary Breakup

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