NOC 12202 - Insurance underwriters

Job Summary

Assess insurance applications and determine risk exposure to support underwriting decisions. Apply industry guidelines and data analysis to develop policy terms and premium rates.

Number of Positions

4

Main Duties

• Evaluate insurance applications, financial records, medical information and other documentation to determine eligibility and risk level.
• Analyze risk factors and calculate appropriate premium rates, coverage limits and policy exclusions in accordance with underwriting guidelines.
• Review and renew existing policies, adjusting terms based on claims history, market conditions and updated risk assessments.
• Collaborate with insurance brokers, agents, claims staff and other stakeholders to clarify coverage, resolve issues and ensure accurate documentation.
• Prepare and maintain thorough underwriting files, reports and correspondence for audit, regulatory compliance and management review.
• Use underwriting software, databases and analytical tools to perform risk modeling, portfolio monitoring and trend analysis.

Requirements

• Post-secondary diploma or degree in insurance, finance, business administration, risk management or a related field, or equivalent work experience.
• Minimum of 2 years of experience in underwriting, risk assessment, or a related insurance role.
• Solid knowledge of insurance products, policy wording, coverage types and underwriting principles.
• Proficiency with underwriting systems, databases and standard office software such as spreadsheets.
• Strong analytical and numerical skills with keen attention to detail and sound decision-making ability.
• Effective verbal and written communication skills and the ability to work with brokers, agents and internal teams.

Required Skills

• Risk assessment and underwriting judgment
• Analytical and quantitative problem-solving
• Attention to detail and accuracy
• Effective verbal and written communication
• Proficiency with underwriting software and spreadsheet tools
• Time management and ability to prioritize workload

Benefits

Benefits include competitive wages, supportive work environment, opportunities for growth, training support, and other employer-specific benefits depending on the position and location.

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About GTR Worldwide

We are a Canadian immigration, recruitment, and settlement company based in Canada, with multiple branches across the globe. We support clients who have decided to relocate to the land of opportunities by offering services related to employment, education, immigration, recruitment, and settlement.

At GTR Worldwide, we aim to provide professional Canada visa consultancy and recruitment support to help newcomers feel informed, prepared, and confident. We assist a wide range of clients and agents from around the world and work to build their strengths and confidence so they can pursue opportunities in Canada.

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