If your talking about life insurance, they're looking to see how many people die on average in that group in a year. With health insurance they're looking for the average payout for medical coverage for that group in a given year. They use this to determine rates.
For someone that is mathematically inclined, enjoys working indoors, and has an interest in insurance, becoming an insurance underwriter could be a great idea. An insurance underwriter is an individual who works for an insurance agency to determine the level of risk associated with giving an insurance policy to an individual or company. Based on the level of risk associated with giving the insurance policy, the insurance underwriter will then be able to determine the appropriate premium that the person or company will be charged. Insurance underwriters are used in all field of insurance including auto insurance, medical insurance, and life insurance. Underwriters are needed to not only determine the risk of giving insurance to an individual, but to a large group or corporation as well. As the complexity associated with underwriting certain forms of insurance increases, the level of experience and educations required from the underwriter will increase as well. In general, people who underwrite auto insurance or life insurance for individuals do not require as much education as an individual who underwrites policies for group or corporate plans for life or medical insurance. Underwriters of less complex transactions will normally require no more than a high school degree. Underwriters who underwrite far more complex transactions will normally require bachelor’s degrees in finance, actuary, or insurance. Underwriters with bachelor’s degrees can normally expect a starting, entry level salary of $40,000 to $50,000 per year. Those in the middle of their career, or with managerial experience, could expect to earn up to 50% more. In general, insurance underwriting could be a great entry position into the world of corporate insurance. After gaining a few years of experience as an underwriter, many underwriters look to gain position further up the corporate ladder for major insurance companies. These positions could include managerial positions of underwriters, regulating the underwriting process, or getting a position attempting to sell insurance plans to either individuals or corporations.
The best place to look for cheap insurance online is to look search "cheap online insurance" and go from there. From previous experience there is many online insurances that are very cheap but it depends what exactly you are looking for.
Yes you can but you may not get as good a deal as a big company. You would look for group insurance.
Look for another insurance company. There are Insurance companies that do high risk, however, be prepared to pay higher monthly premiums. If you cannot be covered, look into a one man group. Michael FindYourPolicy.com
GMAC Insurance offers affordable homeowners insurance. They have a good rating and look like they have lots of satisfied customers. However, this depends on the homeowners situation - some may experience unaffordable insurance due to their high risk.
You can look at either fidelity or all state. I have experience with both companies and they both should suit any of your needs for your insurance. They are great.
Obviously an insurance company need to be able to "pay out" in the case of a valid claim. Therefore the funds ultimately needed are those needed to cover the entire risk. The way it works is the risk is spread amongst a large pool of underwriters (who can afford to lose the amount staked), who for putting their money up for the risk get a percentage return each year from the client premiums. One also needs a team of assessors to look at claims and make sure there is no fraud going on. Thus an insurance business needs to have a handle on the risk relating to the insurance policies and a pool of underwriters, it is a complex business to get into and not just "an amount of money" need to start a business.
An underwriter is a person who works for the insurance company and who reviews applications for insurance to see if they meet the requirements of the insurance company and also that they told the truth on their application. They also review the rating of the insurance product to be sure the policy is properly rated.
For seniors, the first place to look is the AARP. They offer group rates on many different kinds of insurance.
You should always have individual Life Insurance even if you have group insurance. You should get personally owned insurance as young as you can as it will ultimately cost less. Most group plans are not protable however it sounds like yours is. This means you can convert it without any further evidence of insurability. If your health is good to excellent it may be less costly to look at other insurance options thru a broker. At that time the underwriting is based on your age and health and a few other criteria.
There are a lot of places that you can go to look for travel insurance. One place that you can check out for to look for travel insurance is www.travelguard.com/
There are many great places to look for van insurance online. The best place to look for van insurance online is to visit a car insurance website such as Geico or State Farm.