HomeCognitive Ability Tests
Insurance Underwriter Test
Test duration:
22
min
No. of questions:
11
Level of experience:
Entry/Mid/Expert

Insurance Underwriter Test

iMocha’s insurance underwriter test enables recruiters and hiring managers to hire a job-fit candidate quickly and make unbiased decisions. This test helps to reduce hiring costs by 45% and increase the interview-to-selection ratio by 62%. Our insurance underwriter online test is helpful for Insurance Companies, Reinsurance Companies, and brokers.

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Capgemini
Deloitte
The United Nations
The United Nations
Fujitsu
The United Nations

Insurance Underwriter Test Assessment

Insurance underwriters review individual applications for insurance to evaluate the degree of risk involved and determine acceptance of applications. They decide if applications for insurance cover (risks) should be accepted and, if so, what the terms of that acceptance are. 

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The aim is to minimize losses for the company and help to make a profit. They effectively grow the assigned book of business and develop a market share of profitable business while protecting a company from financial loss through accurate and effective underwriting techniques and methodologies. They provide input/contribute to establishing effective underwriting policies and guidelines. Determining risk is a complex process; the job relies on sensible judgment and meticulous attention to detail. The underwriter must ensure that accurate quotes are produced that are competitive to the customer yet profitable for the company.

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Typical duties include:

  • Examining insurance proposals.
  • Collecting background information and assessments of risk.
  • Analyzing statistical data using specialist computer programs.
  • Writing quotes and negotiating the terms with brokers and clients.
  • Determining premiums.
  • Preparing insurance policies terms and conditions.
  • Liaising with insurance brokers and customers.

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KEY SKILLS REQUIRED: 

  • ANALYTICAL SKILLS - Quantitative Aptitude, Abstract Reasoning 
  • GOOD MATH AND STATISTICS SKILLS - Quantitative Aptitude 
  • ATTENTION TO DETAIL. 
  • VERBAL AND WRITTEN COMMUNICATION SKILLS - Verbal Ability 
  • GOOD JUDGEMENT - Logical Reasoning 
  • EXCEPTIONAL CUSTOMER SERVICE AND RELATIONSHIP BUILDING SKILLS - Logical Reasoning 
  • FAMILIARITY WITH BUSINESS PROCESS IMPROVEMENT, TROUBLESHOOTING, AND CREATIVE PROBLEM-SOLVING - Quantitative Aptitude 
  • STRONG READING COMPREHENSION AND ANALYSIS SKILLS - Verbal Reasoning 
  • MUST BE HIGHLY DETAIL-ORIENTATED WITH ADVANCED ORGANIZATION SKILLS REQUIRED, INCLUDING THE ABILITY TO MANAGE MANY RESPONSIBILITIES EFFECTIVELY AT ONCE. 
  • PROFICIENT IN MICROSOFT OFFICE SUITE AND INTERNET UTILIZATION. - MS Word
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Test Summary

VERBAL ABILITY 

Verbal ability is essential because grammar and vocabulary are prerequisites for good spoken and written English. 

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VERBAL REASONING 

Reading comprehension indicates an ability to comprehend and reason with the concepts on a written page. 

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QUANTITATIVE APTITUDE 

Quantitative ability will indicate analytical thinking and problem-solving ability. 

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LOGICAL REASONING 

Logical reasoning is assessed through  

  • Statement/Conclusion 
  • Cause /Effect and 
  • Statement/Fact questions 

These questions will indicate the quality of deductive and inductive reasoning, contributing to Critical thinking ability.

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ABSTRACT REASONING 

Abstract reasoning indicates the ability to think, identify logical patterns, learn new skills and solve complex problems. It is an indicator of fluid intelligence and shows an ability to strategize. 

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STATISTICS AND PROBABILITY 

The topics include chai-square, ANOVA, t-test, variances, confidence intervals, p-values, probability distributions, etc.

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MS WORD 

The questions are about Keyboard shortcuts, Keyboard Combinations, Page orientations, Tables, Charts, formatting, and commands. 

Test Details: 60 Questions, 80 minutes 

  • Verbal ability - 10 Questions 10 minutes 
  • Verbal reasoning - 08 Questions 14 minutes 
  • Quantitative Aptitude - 16 Questions 18 minutes 
  • Logical reasoning - 10 Questions 15 minutes 
  • Abstract reasoning - 08 Questions 13 minutes 
  • Statistics & Probability - 08 Questions 10 minutes 
  • MS Word - 08 Questions 10 minutes
Useful for hiring
  • Insurance Companies
  • Reinsurance Companies
  • Brokers
Test Duration
22
min
No. of Questions
11
Level of Expertise
Entry/Mid/Expert
Topics Covered
Shuffle

Examining insurance proposals

iMocha’s insurance underwriter test helps recruiters and hiring managers evaluate candidates' understanding of validating insurance forms to sort out valid ones.

Writing quotes and negotiating the terms with brokers and clients

This insurance underwriter online test assesses a candidate’s ability to negotiate terms and conditions with broker and client.
Shuffle

Preparing insurance policies terms and conditions

This test helps to evaluate a candidate’s ability to prepare insurance policies' terms and conditions.
Shuffle

Liaising with insurance brokers and customers

Our assessment helps to evaluate candidates’ knowledge about liaising with insurance brokers and customers.
Shuffle

Determining premiums

Our assessment evaluates the candidate’s knowledge about determining premiums for insurance.
Shuffle

Collecting background information and assessments of risk

Our assessment helps to evaluate candidate’s ability to analyze background information before approving insurance form
Sample Question
Choose from our 100,000+ questions library or add your own questions to make powerful custom tests.
Question type
MCQ
Topics covered
Core research skills
Difficulty
Easy

Question:

Q 1. You are asked to give a presentation on an unfamiliar topic. What should you do?

Perform an internet search and include everything you think is relevant.
Find someone with expertise on the topic and ask them for help.
Cover only the basic principles and leave time for questions.
Speak to people who are familiar with the topic and gather their opinions.
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