Production Underwriter

Posted about 2 months agoViewed

💎 Seniority level: Middle, 5 years

📍 Location: United States

💸 Salary: 96000.0 - 140000.0 USD per year

🔍 Industry: Insurance

🗣️ Languages: English

⏳ Experience: 5 years

🪄 Skills: Data AnalysisRelationship management

Minimum of 5 years experience in an insurance organization with demonstrated technical knowledge in Workers Compensation experience is required
Ability to exercise advanced judgment skills in evaluating and determining the proper pricing for prospective policyholders using underwriting guidelines by accepting or rejecting risks for the purposes of issuing workers’ compensation insurance coverage
Ability to manage agency relationships and demonstrated ability to make sound underwriting decisions
Ability to calculate expected pricing, dividends, and premium quotations for agents and policyholders
Ability to analyze territory in order to identify problems and take the appropriate corrective action

Prepares and develops premium quotations utilizing underwriting guidelines within letter of authority
Determines underwriting eligibility for prospective policyholders and develops appropriate pricing for new business, renewals, and endorsements
Analyzes and reviews prospective accounts for insurability and accepts or rejects within letter of authority
Develops and manages agency relationships
Addresses agents’ and policyholders’ concerns/needs
Responsible for development of new business, profitability and retention of existing business in a given territory

Posted 8 days ago

📍 United States

💸 98000.0 - 132000.0 USD per year

🔍 Insurance

🔧 Requirements

2+ years of multi-line underwriting experience within the Technology E&O/Cyber segment
Bachelor’s degree preferred; professional designations such as CIC and CIPP preferred
Ability to work independently within the current level of underwriting authority
Strong sales, communication and marketing skills are critical; must be able to demonstrate success with managing tight time frames, high volumes of work, direct agency relationships
Proficient background in risk analysis (especially in Technology & Cyber insurance)
Knowledge and proficiency with technical issues, compliance, coverage, products and pricing strategies
Demonstrated ability to achieve monthly, quarterly, and annual production goals
Negotiation, relationship-building, influencing skills, and a creative approach to challenges and opportunities
Self-starter and ability to take initiative with brokers in scheduling meetings, broker events, quarterly sales and metrics calls with brokers, etc.

💡 Responsibilities

Work closely with sales and product staff to assess cyber products and capabilities
Work with the Sales organization, execute strategies specific to technology and cyber insurance, and develop and manage key strategic relationships in order to achieve production and profit targets
Identify new customers through effective pipelining, pre-qualification, and territory analysis/management
Exhibit a thorough understanding of the local cyber insurance marketplace and trends, Coalition’s capabilities within the geography, and corporate vision
Develop and execute recommendations to profitably capture market share across assigned geography

CybersecurityData AnalysisCommunication SkillsRelationship buildingNegotiation skillsSales experienceMarket ResearchRisk Management

Posted 8 days ago

Posted 9 days ago

📍 United States of America

💸 74000.0 - 160000.0 USD per year

🔍 Insurance

🏢 Company: gaig_external

🔧 Requirements

Bachelor’s Degree or equivalent experience
Generally, 5-10+ years of commercial underwriting experience or equivalent work experience. Excess and Surplus Lines experience in a plus.
Must have strong communication skills to build and leverage excellent customer relationships and to successfully market products and services.
Must have strong hands-on experience with various computer systems including rating systems, MS Word and Excel, Outlook, etc.
Completion of or progression towards Chartered Property Casualty Underwriter (CPCU) designation, is a plus.
Ability to travel to visit with brokers.

💡 Responsibilities

Has responsibility for risk selection/rejection, pricing, retention, growth, and profitability per divisional objectives.
Uses independent judgment and initiative to support business goals.
Maintains a high level of customer service.
Analyzes coverage and limit requests and decides what terms to offer.
Prices business in accordance with company guidelines.
Assesses risk quality and compliance within company guidelines and initiates appropriate loss prevention actions.
Orders and screens miscellaneous reports needed in the rating and underwriting processes, such as Motor Vehicle reports, loss history reports, credit checks, outside inspections, loss control, etc.
Develops and maintains effective business relationships with internal and external customers/coworkers in order to attract and retain profitable business.
Visits agents, brokers, and producers in order to retain existing accounts, build, and maintain business relationships and develop new opportunities in support of divisional objectives.
Interprets, explains, and markets products and services.
Administers, applies, and may update underwriting rules and guidelines, rating manual rules and insurance laws and regulations.
Provides technical advice to lower level associates and other functional areas.
May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
Performs other duties as assigned.

Communication SkillsAnalytical SkillsCustomer serviceMS OfficeRelationship managementSales experienceRisk Management

Posted 9 days ago