Senior Underwriter (Excess)

Buffalo, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Insurtech, BiotechnologyIndustries

Requirements

Candidates must possess a Bachelor's degree and a minimum of 5 years of underwriting or related insurance experience, specifically with classes such as construction, hospitality, real estate, and manufacturing. Proficiency in Microsoft Office Suite and industry-specific software is essential, along with strong customer service skills and the ability to collaborate effectively. Professional designations like CPCU, CIC, or CRIS, and a Property & Casualty Brokers License are considered a plus. The ideal candidate demonstrates a strong desire to learn, embraces change, and can adapt to shifting priorities.

Responsibilities

The Senior Underwriter will review and evaluate excess insurance applications, determining coverage acceptance or decline based on established guidelines and pricing strategies to ensure profitability. Responsibilities include assessing risks, determining appropriate coverage levels and pricing, and managing policy issuance from quote to completion. The role involves documenting underwriting files, providing recommendations to clients for risk reduction, cultivating producer relationships to meet production goals, and collaborating with the underwriting team. Additionally, the underwriter will utilize databases and specialized software for data verification and risk comparison, respond to customer needs, and contribute to program development and team mentoring.

Skills

Underwriting

Excess Insurance

Risk Assessment

Pricing

Insurance Applications

Commercial Insurance

Underwriting Guidelines

Profitability Analysis

Regulatory Compliance

Integrated Specialty Coverages, LLC

Insurance program administration using data and AI

About Integrated Specialty Coverages, LLC

Integrated Specialty Coverages (ISC) uses data and technology to improve the insurance process for brokers and carriers by creating and managing tailored insurance programs. They enhance underwriting accuracy and customer experience through data analytics and artificial intelligence, allowing for quick pricing indications. ISC stands out by simplifying the submission process and providing flexible insurance solutions, such as their customizable Homeowners program. Their goal is to deliver the fastest and most efficient service possible in the insurance industry.

Town of Harrison, New YorkHeadquarters

2016Year Founded

VENTURE_UNKNOWNCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Mental Health Support

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Professional Development Budget

Conference Attendance Budget

Wellness Program

Short-term Disability

Employee Discounts

Phone/Internet Stipend

Risks

Integration of acquisitions like Abacus may face cultural and operational challenges.

New Marine Division may initially experience operational inefficiencies.

ISCX platform development could face technical challenges or delays.

Differentiation

ISC uses AI to provide pricing indications in minutes, enhancing efficiency.

The company offers tailored insurance programs, including an exclusive Homeowners program.

ISC's ISCX platform centralizes access for brokers and wholesalers across all business lines.

Upsides

Growing demand for AI-driven underwriting boosts ISC's market position.

Expansion into marine insurance aligns with global trade growth opportunities.

Rising need for personalized insurance products benefits ISC's data analytics capabilities.

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