Insurance underwriting

About this practice suite

This suite prepares candidates for insurance underwriting selection in the finance, accounting, banking, and insurance sector with 5 skill areas: numerical reasoning, situational judgment, critical thinking, attention and concentration and data interpretation. Every question was written by Novus editors for this suite — none are taken from live or leaked exams — and the full bank holds 52 scored questions across three modes, plus 8 reserve questions used to vary repeat attempts. Answer keys never ship to the browser: your answers are scored server-side, and results stay on your device.

Skills this suite practises

• Numerical reasoning — Arithmetic, fractions, percentages, ratios, rates, estimation, word problems, and number relationships.
• Situational judgment — Evaluating workplace responses against role-relevant principles.
• Critical thinking — Evaluating evidence, assumptions, arguments, credibility, and alternative explanations.
• Attention and concentration — Sustained focus, selective attention, and accuracy under time pressure.
• Data interpretation — Tables, charts, graphs, dashboards, trends, comparisons, and evidence-based conclusions.

Sample questions from the guided bank

Two of the 10 guided-practice questions, shown exactly as they appear in a session. Answers and explanations are not printed here — keys stay on the server — so open guided practice to answer them and see how you did.

1. Before binding a commercial property risk, an underwriting trainee should primarily verify:

   • A. That the broker's logo looks premium
   • B. That a claim was already paid last week
   • C. That equity analysts like the stock
   • D. Occupancy, construction, protection, exposure, and requested limits/deductibles against guidelines

2. An application omits a prior water-damage claim discovered in a loss run. Best?

   • A. Bind immediately anyway
   • B. Ignore loss runs forever
   • C. Pause and clarify the discrepancy before offering terms
   • D. Increase limits without questions

Practice modes and timing

Guided practice is untimed-feeling and instructional; the mini-test is a short timed check; the full simulation mirrors a complete sitting. All three draw on separate question sets, so moving up a mode never repeats what you practised.

Study outline

Read the study outline for this suite’s skills, timings, and recommended lessons on one printable page, or download its standalone HTML file. The printable page can also be saved as a PDF from your browser.