Skills & Competencies for Health Underwriter
Health Underwriter job profile
Book a Demo and Receive a Sample Job ProfileJOB SUMMARY for Health Underwriter
Reviews applications for coverage, gathers data, and assesses risk related to qualifying a candidate for health insurance.
JOB RESPONSIBILITIES for Health Underwriter
Calculates and recommends pricing. Performs group and/or individual underwriting.
Health Underwriter SALARY RANGE
BASE 50%
$67,393
TOTAL 50%
$70,902
Job Level
P02
Job Code
HC07000614
Education/Degree
Bachelor's Degree
Reports To
Supervisor or Manager
Health Underwriter Skills and Competencies List
9 hard skills or competencies (industry competencies) for Health Underwriter
1
Industry Competency –
Insurance Industry
Proficiency Level -2
Level 1 Behaviors
(General Familiarity)
Names the commonly used tools and techniques for insurance planning and risk management.
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Level 2 Behaviors
(Light Experience)
Reports any discrepancies encountered in reviewing policy records and documentation.
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Level 3 Behaviors
(Moderate Experience)
Works with insurance agents and team members to update and process insurance policies.
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Level 4 Behaviors
(Extensive Experience)
Recommends alternative insurance claims processing methods to minimize operational costs.
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Level 5 Behaviors
(Mastery)
Stays abreast of the changes in insurance industry laws to ensure our product and service adherence.
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2
Industry Competency –
Insurance Legal and Regulatory Environment
Proficiency Level -2
Level 1 Behaviors
(General Familiarity)
Describes the importance of compliance programs in maintaining an insurance legal and regulatory environment.
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Level 2 Behaviors
(Light Experience)
Documents compliance complaints to track and escalate possible legal violations and ensure prompt resolution.
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Level 3 Behaviors
(Moderate Experience)
Executes market conduct exams to verify the adherence of insurance operations to laws and regulations.
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Level 4 Behaviors
(Extensive Experience)
Reviews root causes of regulatory deficiencies to create corrective action plans and ensure adherence.
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Level 5 Behaviors
(Mastery)
Develops an insurance regulatory framework to promote consumers' protection and achieve policy objectives.
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3
Health Underwriter
- Skill and Competency
Proficiency Level - 3
4
Skill and Competency -
Health Underwriter
Proficiency Level - 4
5
Competency for -
Health Underwriter
Proficiency Level - 5
7 soft skills or competencies (core competencies) for Health Underwriter
1
Core Competencies –
Standard Operating Procedures (SOP)
Proficiency Level -2
Level 1 Behaviors
(General Familiarity)
Discusses the considerations and concerns on applying SOP for the first time.
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Level 2 Behaviors
(Light Experience)
Gathers information on workflows and business controlling points.
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Level 3 Behaviors
(Moderate Experience)
Initiates SOP revisions to support continuous improvement of processes.
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Level 4 Behaviors
(Extensive Experience)
Evaluates the benefits and drawbacks of a specific SOP; oversees the corresponding enhancements.
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Level 5 Behaviors
(Mastery)
Establishes formal policies and procedures to guide the our SOP practices.
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2
Core Competencies –
Risk Management
Proficiency Level -2
Level 1 Behaviors
(General Familiarity)
Lists the common types of risks in a business environment.
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Level 2 Behaviors
(Light Experience)
Generates the period risk status report from the system and distributes it to stakeholders.
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Level 3 Behaviors
(Moderate Experience)
Partners with risk owners to drive risk mitigation by highlighting areas in need of remediation.
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Level 4 Behaviors
(Extensive Experience)
Evaluates the performance of the current risk management framework; suggests enhancements and alternative solutions.
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Level 5 Behaviors
(Mastery)
Establishes policies, procedures, and best practices to guide the risk management activities.
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3
Health Underwriter
- Skill and Competency
Proficiency Level - 3
4
Skill and Competency -
Health Underwriter
Proficiency Level - 4
5
Competency for -
Health Underwriter
Proficiency Level - 5
Summary of Health Underwriter skills and competencies
There are 9 hard skills for Health Underwriter, Insurance Industry, Insurance Legal and Regulatory Environment, Life Insurance, etc.
0 general skills for Health Underwriter.
7 soft skills for Health Underwriter, Standard Operating Procedures (SOP), Risk Management, Critical Thinking, etc.
While the list totals 16 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Health Underwriter, he or she needs to be proficient in Standard Operating Procedures (SOP), be proficient in Risk Management, and be proficient in Critical Thinking.
0 general skills for Health Underwriter.
7 soft skills for Health Underwriter, Standard Operating Procedures (SOP), Risk Management, Critical Thinking, etc.
While the list totals 16 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Health Underwriter, he or she needs to be proficient in Standard Operating Procedures (SOP), be proficient in Risk Management, and be proficient in Critical Thinking.
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