Underwriting Trainee at American Family Insurance Group

Richfield, Ohio, United States

Not SpecifiedCompensation

Internship, Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Insurance, TransportationIndustries

Bachelor’s Degree in Business, Finance, Economics, Risk Management and Insurance, or a related field or equivalent experience
Typically participates in a formal training program for 6 months to a year
Performs work under close supervision and technical direction
Works on assignments of low to moderate technical and logistical complexity
Demonstrates basic analytical, risk assessment, and problem-solving abilities
Develops and maintains knowledge of company policies and industry laws and regulations
Strong interpersonal, communication, and negotiation skills
Develops strong analytical skills and the ability to use data to analyze situations, identify problems, and develop effective solutions

Learns to evaluate and underwrite new and renewal business in accordance with Company underwriting guidelines and risk appetite
Learns to analyze risk information to make informed decisions on coverage, pricing, and terms
Participates in collaborating with actuaries, agents, brokers, and clients to obtain necessary information and clarify details
Assists with ordering additional reports and screens, such as motor vehicle reports, loss history reports, outside inspections, etc., to inform decisions
Learns how to document underwriting decisions in compliance with state and federal insurance regulations
Assists with evaluating existing policies for potential renewal or modification
Participates in communicating underwriting decisions clearly and effectively to internal teams, agents, and brokers
Develops knowledge of industry trends, regulatory changes, and market conditions
Develops effective business relationships with internal and external customers/coworkers in order to attract and retain profitable business
Learns to interpret, explain, and market products and services
Performs other duties as assigned