Senior Specialty Underwriter, Midwest
Honeycomb InsuranceSalary not specified
Underwriter, Contract Underwriting - E&S/Specialty at Nationwide
Scottsdale, Arizona, United States
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
NoVisa
InsuranceIndustries
Requirements
- Critical thinking skills to analyze complex risk and find insurance solutions balancing customer needs with business goals
- Ability to take initiative and use analytical and creative abilities to make sound decisions
- Desire to help people solve real challenges
- Knowledge of reinsurance placement requirements on individual accounts
- Passion for delivering extraordinary customer care and innovating processes
Responsibilities
- In partnership with UW leader/team member, reviews individual risks from agents, brokers, or programs (with or without assigned territory), analyzes exposures to loss, develops adequate premium charges, determines appropriate endorsements and exclusions, and either declines or accepts business
- Achieves team/individual production and loss ratio goals through sound broker management, territory management, and marketing (with or without assigned territory); makes corrective action recommendations on individual risks
- Handles policy maintenance items and mid-term requests; reviews endorsement requests and processes necessary changes to the policy
- Reviews loss control reports and makes recommendations to UW leader, agent, and/or implements changes to the policy; follows up on outstanding information
- Achieves production, profitability, and service objectives; quotes, prices, and underwrites new and renewal policies and endorsements, primarily for complex or service-sensitive accounts
- Monitors risk selection and pricing decisions for entire agency plant on both book of business and individual account levels
- Continually analyzes premium and loss results by agency, broker, state, major class of business, and program; audits individual policies for compliance with company guidelines
- Develops, negotiates, and implements business plans to drive profit and premium to meet financial goals
- Fosters positive business relationships with agents and reinsurers
Skills
Underwriting
Risk Analysis
Pricing
Coverage Negotiation
Claims Review
Loss Ratio Management
Reinsurance
Property and Casualty
Excess & Surplus
Specialty Insurance
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.
Columbus, OhioHeadquarters
1925Year Founded
$769.7MTotal Funding
N/ACompany Stage
Consulting, Financial ServicesIndustries
10,001+Employees
