- Adhere to underwriting guidelines and execute underwriting and pricing strategies to maintain profitability goals.
- Approve or decline insurance applications within certain limits and issue coverage and prepare referral submission for risks exceeding individual authority.
- Review and analyze risk characteristics on insurance applications, renewals, and change requests.
- Ensure that underwriting activities comply with all industry and government regulations.
- Documentation of Underwriting files including risk analysis and pricing justification in accordance with established underwriting standards.
- Utilize underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages.
- Cultivate relationships with assigned producers to achieve production goals.
- Collaborate closely with the underwriting team to finalize insurance applications efficiently.
- Utilize multiple databases to gather and verify supplementary data for submissions and leverage specialized software to compare risks ensuring accurate policy pricing.
- Process accounts from approved quotes through to policy issuance with accuracy and efficiency.
- Assist in the development of the Underwriting team through sharing knowledge and market intelligence, collaboration, and mentoring relationships.
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