Nationwide

Consultant, Contract Underwriting - E&S/Specialty (Contract+)

United States

Nationwide Logo
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries

Requirements

Candidates should possess five or more years of brokerage casualty (GL) underwriting experience in the Excess & Surplus (non-admitted) line of business, demonstrating a strong understanding of complex risk analysis and insurance solutions. They should be able to analyze complex risk, develop insurance solutions, and make sound decisions with analytical and creative abilities. Additionally, the ideal candidate will have a high level of technical expertise and accuracy in underwriting, along with experience in developing rates, pricing, coverage, and terms and conditions.

Responsibilities

As an Underwriting Consultant, the individual will research and develop new classes of business, assess market viability, create forms & endorsements, and develop rates with actuarial support. They will analyze individual risks or programs, either declining or accepting business based on information, and develop an adequate premium charge. The role involves partnering with actuarial, finance, and claims teams to evaluate risks, develop reinsurance, and achieve production and loss ratio goals. Furthermore, the consultant will lead and influence agencies, drive new sales, increase shelf space, and implement sales strategies, while also performing audits for compliance and developing action plans to improve quality of broker submissions.

Skills

Casualty underwriting
E&S/Specialty insurance
Risk analysis
Pricing
Coverage evaluation
Claims analysis
Negotiation
Business development

Nationwide

Provides insurance and financial services

About Nationwide

Nationwide provides insurance and financial services to individuals and businesses across the United States. Their product offerings include auto, home, life, and commercial insurance, as well as retirement and investment solutions. The company operates by underwriting insurance policies and managing investment portfolios, earning revenue through premiums, investment income, and fees for financial services. What sets Nationwide apart from its competitors is its focus on leveraging technology to improve claims processing and policy management, along with its commitment to customer service. Additionally, Nationwide partners with organizations to offer financial education resources, particularly for retirees, aiming to ensure financial security and protect the futures of its clients.

Key Metrics

Columbus, OhioHeadquarters
1925Year Founded
$769.7MTotal Funding
N/ACompany Stage
Consulting, Financial ServicesIndustries
10,001+Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Vacation
Paid Holidays
401(k) Retirement Plan
401(k) Company Match

Risks

Competition from insurtech startups like Nexar may challenge Nationwide's market share.
AI-driven platforms like Planck could disrupt traditional insurance models.
Partnerships with AI firms may require significant tech investment and integration efforts.

Differentiation

Nationwide invests in tech-driven platforms like YellowBird and Betterview to enhance services.
Partnership with CLARA Analytics shows Nationwide's focus on AI for operational efficiency.
Collaboration with Funding Circle highlights Nationwide's support for small business growth.

Upsides

Nationwide's $56M loan to Whitestone REIT diversifies its investment portfolio.
Investments in AI and tech platforms could streamline operations and reduce costs.
Supporting small businesses may expand Nationwide's customer base and strengthen relationships.

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