Associate Underwriter I at Allstate Insurance Company

Richfield, Ohio, United States

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Moving and Storage, Home DeliveryIndustries

Requirements

Associates Degree in Business, Finance, or a related field or equivalent experience
Performs work under close supervision and technical direction
Performs standard duties utilizing often-complex processes/procedures on assignments of a routine nature
Possesses procedural knowledge and skills that enable task accomplishment
Demonstrates working knowledge of coverage and forms, provisions for policies written within the assigned territory/unit, workflow and systems
Foundational written and verbal skills
Works within standard, established authority limits

Responsibilities

Assists in the review and evaluation of applications, ensuring they align with Company policies and underwriting guidelines
Works closely with underwriters and brokers/agents to gather additional information and clarify application details
Reviews relevant data, including financial statements, property valuations, and loss histories to assist with risk assessment
Assists in maintaining underwriting files, ensuring all documents and approvals are properly filed
Compiles reports on risk evaluations, policy statuses, and portfolio performance for underwriters and management
May underwrite new and renewal policy transactions within written authority
May enter policy information on an assigned product, territory and / or agency in accordance with template rules
Proofs / audits policy information on an assigned product, territory, and/or agency(ies)
Assists with reviewing premium and loss data on an individual account as part of renewal underwriting, change underwriting, or mid-term underwriting
Orders and reviews required reports, endorsement requests, service requests, and general correspondence
Research and may respond to questions from brokers/agents
Provides information to Processing that is needed to issue policies and endorsements on a timely basis
May issue, process or code transactions
Performs other duties as assigned

Skills

Key technologies and capabilities for this role

UnderwritingRisk AssessmentFinancial StatementsPolicy ReviewData AnalysisFile ManagementReport CompilationInsurance Policies

Questions & Answers

Common questions about this position

Is this a remote position or does it require office work?

This is a hybrid role requiring work from the Richfield, Ohio office.

What education is required for the Associate Underwriter I position?

An Associates Degree in Business, Finance, or a related field, or equivalent experience, is required.

What is the salary range for this role?

This information is not specified in the job description.

What is the company culture like at Vanliner Insurance Company?

The company values diversity, inclusion, and empowerment, creating a workplace where employees with different backgrounds work together to achieve results, with a focus on expertise, innovation, and customer service.

What level of supervision is involved in this role?

The role performs work under close supervision and technical direction, handling standard duties with often-complex processes on routine assignments.

Allstate Insurance Company

Provides a range of insurance products

About Allstate Insurance Company

Allstate provides a variety of insurance products, including auto, home, and life insurance, aimed at protecting individuals and families from financial risks. The company operates by selling insurance policies, which customers pay for through premiums. These premiums are then invested to generate returns for the company. Allstate distinguishes itself from competitors by offering a multi-channel distribution approach, allowing customers to purchase insurance through agents, online platforms, or partnerships with other financial services. The company's goal is to ensure customer satisfaction and reliability, as reflected in their slogan, "You're in Good Hands with Allstate," while also promoting diversity and engaging in corporate social responsibility initiatives.

Northbrook, IllinoisHeadquarters

1931Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Benefits

Flexible Work Hours

Risks

Natural disasters due to climate change lead to higher insurance claims, impacting profitability.

Insurtech companies increase competition, potentially affecting Allstate's market share.

Regulatory scrutiny over data privacy could lead to increased compliance costs for Allstate.

Differentiation

Allstate offers a diverse range of insurance products, including auto, home, and life.

The company uses a multi-channel distribution strategy to reach a broad audience.

Allstate is committed to inclusive diversity and corporate social responsibility initiatives.

Upsides

Increased adoption of telematics allows for personalized premiums and better risk assessment.

Climate change drives demand for new insurance products covering emerging risks.

Growing digital insurance platforms enable Allstate to reach younger, tech-savvy consumers.

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