Underwriting

I have eleven years Life Underwriting experience and the desired knowledge to become a successful Life Underwriter. I aspire to contribute my experience and knowledge to underwrite life applications and help families recover financially after the loss of a loved one. I began my career at State Farm as an Underwriting Assistant in Life Company, Variable Products. My position entailed ordering necessary documents such as medical records, MVRs and OSTs for the Underwriter to accurately review each…

diversification of services and the specialization of players in certain lines of insurance alleviate rivalry to an extent. For instance, State Farm, Allstate, Liberty Mutual and Berkshire Hathaway are only engaged in non-life insurance, following different underwriting business models, while large insurers, MetLife, Prudential and New York Life Insurance operate in then life-insurance segment. However, most of the players present similar business models and offer similar services which leads to…

Additionally, e-business not only promises to expedite the work process, but also to make it cost-efficient (Chatterjee, Segars, & Watson, 2006). Therefore, Northern Insurance implemented an e-business strategy by making a huge investment on the Technical Underwriting Financial System (TUFS) (McKeen & Smith,…

mortgage loans with significant defects such as misrepresentation, inaccurate data, or inadequate documentation. Responsibility for validation of the data and authenticity of the documentation is delegated to functions within the quality control and underwriting areas of operation. Written reports are completed including the results of the prefunding reviews. The defects and resolutions will be reported to Management upon…

Strengths State Farm is one of the top ten global insurance companies based on revenue. It is one of the largest companies, including the largest in Property & Casualty mutual companies in the world. State Farm insures more autos and homes than any other company in the US, with over 20% market share. Since the size and rankings of the company is so great it puts State Farm ahead of its peers, such as Vanguard & Northern Trust, in the financial industry. State Farms brand recognition can be…

There are two types of expense ratios that are used to measure efficiency. Costs expenditure associated with underwriting activity is described as underwriting expenses. Loss adjustment expenses on the other hand, is the expenses associated with investigating and settling insurance claims while earned premiums refer to the portion of written premiums that have been earned during the…

Financial Ratios & Health Insurance Industry How do financial managers know which company is better than the other? How do organizations know their capital management is meeting industry standards? Organizations and financial managers can use financial ratios to make comparisons. Financial ratios are comparison ratios, in which are used to assess the financial stability and operational performance of a company (Block, Hirt & Danielson, 2011). Financial ratios have many benefits to financial…

Guild Mortgage Company (“Guild”) is in receipt of your correspondence dated September 20, 2016 from the Consumer Financial Protection Bureau (“CFPB”). Guild appreciates the opportunity to review and respond to your concerns. In your correspondence you express your disappointment with the decision to deny your loan application even though you provided the requested documentation. You also indicate you were discriminated against and given no valid reason for your loan denial. Guild…

President (VP) of Credit Risk/Underwriting Support will meet at minimum semi-annually each calendar year to review Nationstar’s Credit Overlays to ensure they are current and consistent with Credit Risk analysis data. The SVP Credit Risk and VP-Credit Risk/Underwriting Support will include competitive data and feedback from the lines of business where credit overlays may indicate Nationstar is an outlier or uncompetitive based upon loan performance and/or volume. Underwriting – When loans are…

years. I really want to make sure I give back more to the organization than it given to me by the time I graduate. In order to ensure that I meet my goal of two internships in college and to have a job in the excess and surplus lines of insurance underwriting after college, I have been taking the proper steps to learn as much as I can about the industry, as well as apply to the companies that I would like…