Question 1: Employment opportunities for Commercial Insurance Underwriters in the USA:
1. Senior Underwriter
00 - $96,000.00 /year
- Qualifications: intermediate level of understanding of commercial casualty insurance coverages, forms/filings, underwriting standards and competitive practices; ability to independently analyze complex financial statements, hazards, coverage, losses, pricing terms, and competitive positions; demonstrated ability to make disciplined underwriting decisions while reaching new business, retention and other goals; effective mathematical, interpersonal (relationship building, persuasion, etc.), and organizational skills; bachelor's degree (or equivalent) and a minimum of 3 years' underwriting experience; Energy experience preferred; commitment to making progress towards attaining the CPCU
2. Commercial Lines Underwriting Assistant
- Salary: $40,900.00 - $45,000.00 /year
- Qualifications: High School diploma, or equivalent; Technical competence in underwriting/rating systems desired; rating and entry expertise in multiple Commercial Lines preferred, Worker's Comp, Auto, package a plus; in-depth knowledge of underwriting guidelines for the transactions within authority limit (renewals, endorsements, cancellations, etc.) desired; must have mathematical skills and the ability to interpret and execute underwriting instructions accurately; be detail oriented with good follow-through skills; working knowledge of PCs and software applications; proficient keyboard skills; good communication skills, both oral and written, are essential.
3. Consulting Underwriter
- Base Pay: $99,000.00 - $128,000.00 /year
- Qualifications: expert knowledge of commercial property & casualty products, insurance operations, finance and actuarial concepts, regulatory environment, reinsurance, account management, underwriting, and producer management; professional skills required include analyzing and problem solving, adaptability, decision making, building relationships, courage, innovation, working effectively with others, communicating effectively, negotiation, influencing others, applying financial acumen, focusing on service, executing well, planning and organizing work, and achieving results; advanced degree or equivalent training; CPCU designation (or equivalent); 10 to 15 years' experience in excess/umbrella, including at least 5 in energy sector.
Question 2. I think State should regulate the insurance industry and establish basic rules and requirements in this sphere. Federal governments can be given an opportunity to develop rules for the proper implementation of the national norms, but not to establish local insurance norms that may differ in this situation in different parts of the country, as differences on local levels may lead to difficulties in implementing insurance law for the people who are travelling, living in different parts of the USA, etc.
Question 3. I wouldn’t change the situation as the larger amount\group of people normally have legal representatives and lawyers they can afford, and smaller consumer very often is left aside, probably unprotected, not aware about their legal rights, who cannot afford legal aid and therefore needs to be educated, protected and taken care of by legislator with special attention.
Question 4. The Chartered Life Underwriter (CLU) designation is the oldest financial credential in existence. The American college charges $599 per course in the CLU program, as well as a one-time non-refundable fee of $135 for beginning students. The total price of the curriculum is $4,927 unless the student has taken previous coursework that counts toward CLU requirements. Any life insurance agent, broker, or wholesaler who decides to make a career out of selling life products should seriously consider …