Simple Analytics noscript tracking

Can you describe a time when you had to make a difficult underwriting decision? What was the outcome?

Your Answer

How To Answer This Question?

When answering this question, it's important to demonstrate your analytical skills, attention to detail, and ability to balance risk and reward. Start by briefly describing the context of the situation, including the specifics of the underwriting decision you had to make. Explain the factors you considered, the challenges you faced, and the steps you took to arrive at your decision. Be sure to highlight any tools or methodologies you used to assess the risk. Finally, discuss the outcome of your decision, including any lessons learned or how it impacted the business. For example:

"In my previous role, I was faced with an application from a high-risk client. The challenge was to determine whether we could offer coverage without exposing the company to undue risk. I conducted a thorough analysis of the client's financial history, industry trends, and potential risk factors. After careful consideration and consultation with senior underwriters, I decided to offer coverage with specific exclusions and a higher premium. This decision not only mitigated potential losses but also provided the client with necessary coverage. The outcome was positive, as the client accepted the terms, and we maintained a profitable relationship."

Apply for a job using video applications

Stand out from the crowd with video applications! Make your video applications in minutes and show the real you.

Made By @n4cr