Underwriting

Underwriters assess and price risks for insurance. They evaluate applications, decide if a risk is acceptable, and determine the level of cover, premium, and any special terms. Their decisions are guided by actuarial data, regulatory frameworks, and market knowledge. A deep understanding of legal and financial structures helps underwriters protect the insurer’s solvency while ensuring fair outcomes for customers.

Career Pathway Explainer

Paula to include a video explaining the Career Pathway.

Career Pathway Explainer

Description.

Choose your path

New Entrant

I’m learning how underwriters assess and price risk. I understand key insurance terms, how policies are structured, and how to refer risks based on my authority limits.

Advancing

I’ve gained experience in the insurance industry and achieved my APA designation. I now work more independently, handling a broader range of tasks across personal, commercial, or health insurance.

Specialising

I’ve achieved my CIP designation and continue to complete 15 hours of CPD annually to keep my knowledge current. At this stage, I’m working as a first-line manager or team leader in a regulated, specialist underwriting role.

Expert

I’ve achieved my MDI designation and continue to complete 15 hours of CPD annually to maintain my professional standing. I work as a middle or senior manager in a senior technical role, with a deep understanding of insurance concepts and strategic influence across functional areas