Increasingly, risk managers are needed who are well grounded in finance as well as risk management and insurance, since firms must be concerned with financial as well as operational risks. Underwriters decide whether to provide insurance to applicants seeking coverage. An underwriter evaluates an applicant's exposure to risk and decides whether an applicant meets an insurer's standards. An underwriter may also become involved in setting prices for insurance applicants. Consequently insurers need well-trained investment managers who understand financial as well as insurance principles.
Adjusters negotiate insurance claims with people and organizations have experienced insured losses.
The adjuster is responsible for reaching a claim settlement that is fair to all parties. Doing well in this job requires a person who is resourceful, tactful and good with people. Loss control specialists help keep accidents and losses to a minimum. They visit factories, shop floors and businesses to identify potential hazards and help to eliminate them. In the health insurance area, loss control specialists promote preventive health care in the workplace or to limit exposure to certain types of ailments.