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Medical Underwriter

Overview, Education, Careers Types, Skills, Career Path, Resources

Medical Underwriters assess health risks for insurance. They analyze medical records, determine policy eligibility, and manage healthcare costs. Vital for insurance firms.

Average Salary

₹6,00,000

Growth

medium

Satisfaction

medium

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Functional Skills

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

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    Medical Terminology and Anatomy
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    Risk Assessment and Evaluation
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    Data Analysis and Interpretation
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    Underwriting Guidelines and Policies
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    Communication and Interpersonal Skills
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    Critical Thinking and Problem-Solving
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    Attention to Detail
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    Decision-Making and Judgment
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    Knowledge of Insurance Products
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    Computer Literacy and Software Proficiency
Soft Skills

Communication, teamwork, and critical thinking to ensure seamless project execution.

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    Analytical Skills
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    Decision-Making
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    Communication Skills
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    Attention to Detail
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    Problem-Solving
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    Time Management
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    Empathy and Compassion
Technical Skills

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

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    Medical Terminology and Coding
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    Medical Record Analysis
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    Risk Assessment and Evaluation
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    Underwriting Principles and Practices
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    Data Analysis and Interpretation
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    Communication and Interpersonal Skills
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    Knowledge of Insurance Products
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    Regulatory and Compliance Knowledge
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    Computer Skills and Software Proficiency
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    Problem-Solving and Analytical Skills
Duties and Responsiblities

Task

95%

Evaluate medical records and assess risk factors to determine insurance eligibility and pricing for Indian applicants.

90%

Analyze complex medical histories and lab results to identify pre-existing conditions and potential health risks specific to the Indian population.

85%

Collaborate with medical professionals in India to gather additional information and clarify medical details for accurate risk assessment.

80%

Apply underwriting guidelines and pricing models to determine appropriate coverage terms and premiums for individual and group policies in India.

75%

Stay updated on current medical trends, treatment options, and healthcare regulations in India to ensure accurate and informed underwriting decisions.

70%

Communicate underwriting decisions and requirements to agents, brokers, and applicants in a clear and concise manner, addressing any concerns or questions.

65%

Document underwriting decisions and maintain accurate records of medical information, risk assessments, and policy terms in compliance with company policies and regulatory requirements.

60%

Participate in training and development programs to enhance medical knowledge, underwriting skills, and understanding of the Indian healthcare system.

55%

Assist in the development and refinement of underwriting guidelines and pricing models based on emerging medical trends and risk factors in India.

Work Activities

95%

Evaluate medical risk factors from applications and medical records to determine insurability.

92%

Approve or decline applications based on risk assessment and company guidelines for insurance policies.

90%

Thoroughly examine medical histories, lab results, and physician statements to assess health conditions.

88%

Analyze statistical data to identify trends in mortality, morbidity, and other risk factors.

85%

Utilize specialized software to input data, calculate risk scores, and manage underwriting workflows.

82%

Communicate with medical professionals, agents, and applicants to gather additional information or clarify details.

80%

Ensure compliance with legal and regulatory requirements related to medical underwriting practices.

78%

Participate in ongoing training to stay updated on medical advancements and underwriting techniques.

75%

Manage a portfolio of cases, prioritizing and processing applications efficiently.

72%

Contribute to the development and refinement of underwriting guidelines and procedures.

70%

Conduct quality checks on underwriting decisions to ensure accuracy and consistency.

Detailed Work Profile

Interests