At Intact Insurance Specialty Solutions, we are experts at what we do. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups.
Underwriting Consultant
Location
United States
Posted
37 days ago
Salary
Not specified
No structured requirement data.
Job Description
Role Description
This position underwrites risks including the selection and rejection of new and renewal business for the most complex, specialty accounts within the highest underwriting authority levels.
- Maximizes opportunities for underwriting profitable new and renewal business based on market conditions.
- Develops and maintains an active target account list tracking prospects and account rounding and/or missed opportunities.
- Manages financial performance of all assigned products in assigned territory including accident year loss ratio, premium plans, and commission targets.
- Underwrites a book of business and manages underwriting quality and book management.
- Executes underwriting strategy, including portfolio management and self-audits of new and renewal business.
- Ensures compliance with standards and assigned underwriting authorities.
- Demonstrates a strong understanding of exposures and key coverage issues.
- Makes underwriting decisions to accept, decline, or modify risks within the highest production underwriter authority levels.
- Implements underwriting decisions in compliance with state laws.
- Develops superior working relationships with producers to promote mutual growth and profitability goals.
- Identifies gaps in coverage and/or services to help retain or obtain a customer.
- Works closely with other departments, including claims, actuary, and risk control staff.
- Regularly travels to key producers/accounts and remains highly visible in the marketplace.
- Anticipates the needs of the agency plant, analyzes trends, and implements proactive strategies.
- Understands and communicates the company’s underwriting appetite and generates qualified business.
- Monitors agency action plans and participates in agency planning and marketing meetings.
- Gathers and analyzes competitor information and producer specific reports to support territorial rate reviews.
- Maintains a strong professional knowledge of competitive, regulatory and legal environments.
- Responds to requests for assistance or consultation from other company businesses or home office staff.
- Mentors and coaches less experienced underwriters and develops technical training.
Qualifications
- Bachelor’s degree or equivalent experience.
- 7-10 years of progressively more complex specialty lines underwriting experience.
- Professional insurance designation is preferred (AICPCU, RPLU).
Requirements
- Strong understanding of exposures and key coverage issues.
- Ability to make underwriting decisions within the highest production underwriter authority levels.
- Experience in developing and maintaining relationships with producers.
- Knowledge of competitive, regulatory and legal environments.
Benefits
- Comprehensive medical, dental and vision insurance with no waiting period.
- Competitive paid time off programs.
- 401(k) savings and annual contributions of up to 12% of annual salary.
- Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits.
Company Description
At Intact Insurance Specialty Solutions, we are experts at what we do. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services.
Job Requirements
- Bachelor’s degree or equivalent experience.
- 7-10 years of progressively more complex specialty lines underwriting experience.
- Professional insurance designation is preferred (AICPCU, RPLU).
- Strong understanding of exposures and key coverage issues.
- Ability to make underwriting decisions within the highest production underwriter authority levels.
- Experience in developing and maintaining relationships with producers.
- Knowledge of competitive, regulatory and legal environments.
Benefits
- Comprehensive medical, dental and vision insurance with no waiting period.
- Competitive paid time off programs.
- 401(k) savings and annual contributions of up to 12% of annual salary.
- Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits.
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