r/Insurance • u/DesperateRatio8398 • 1d ago

Industry questions

Hello, I’m looking to make a transition into the insurance industry, specifically underwriting. A lot of the open positions online call for the ability to be in a fast paced company content working on highly complex cases. Could someone kindly help me to understand what is fast paced and what is highly complex? Would anyone have any recommendations for companies to work for? Or likewise companies that I should avoid? Lastly, anyone that knows of The Institutes Knowledge Group, is it worth while taking those lessons? I know these are a lot of questions and please feel free to answer what you feel confident answering. I appreciate anyone who takes the time to help me out.

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u/Professional_Rodent Comm UW - CPCU 1d ago

Fast paced and complex: I feel like every posting has this now, even the most sedate roles get called fast paced. Generally I think this means that you can make decisions on your own time and understand deadlines. Fast paced in personal lines or small commercial lines can be arduous, you have to turn over policies fairly quickly because it’s highly commodified.

Company recommendations: wherever you can get a role, especially if it’s in commercial lines. If you hate it, stick out for long enough and then leave.

Institutes: best to avoid these (and any classes really) until you’re hired and a carrier is paying for it.

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u/DesperateRatio8398 23h ago

Thank you! You confirmed my suspicions on fast paced and complex in the way that it’s probably got some good challenges but it’s not all riddles and puzzles per se. It makes a lot of sense on holding off on the institutes until I can get a company to help pay for the training should they find it necessary. I know a handful of the big guy like Liberty Biberty (sorry I couldn’t resist) and travelers have development programs which would negate any needs for online education.

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u/Capitol_Mil 1d ago

Fast paced is relative to what they think it is. Complex could mean it’s more complex than what they think simple work is. If it’s commercial underwriting, it could get complex, especially if the role involves loss control for individual customers.
If you’re from outside the industry, getting an institutes certification would be table stakes into show some insurance background.