Bachelor’s Degree in Business, Marketing, Economics, Risk Management and Insurance, or a related field or equivalent experience
Generally, a minimum of 5 years of experience in Underwriting or a related field
Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), Associate of Risk Management (ARM), or a marketing designation
Familiarity with digital marketing strategies and tools is beneficial
Performs work under general supervision and technical direction
Familiar with moderately complex concepts, practices and procedures
Works with authority on assignments of moderate technical complexity
Maintains strong knowledge of company policies and industry laws and regulations
Excellent [communication skills implied]
Responsibilities
Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite
Analyzes risk data to make informed decisions on coverage, pricing, and terms
Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and clarify details
Orders and evaluates additional reports and screens, such as motor vehicle reports, loss history reports, outside inspections, etc., to inform decisions
Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations
Evaluates existing policies for potential renewal or modification
Communicates underwriting decisions clearly and effectively to internal teams, agents, and brokers
Stays updated on industry trends, regulatory changes, and market conditions
Develops and maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business
Interprets, explains, and promotes products and services to drive market growth
Leverages advanced marketing techniques to interpret, explain, and promote the Company’s products to brokers and agents
Duties may require travel to visit agents and/or attend conferences
Monitors market trends and competition to identify opportunities for product enhancements and marketing strategies
Organizes and participates in marketing initiatives, including presentations, industry events, and broker/agent meetings to showcase products and services