Underwriting Assistant - General Property
Underwriting Assistant - General Property
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Job Description
Starr Insurance Companies is a leading insurance and investment organization providing commercial property and casualty insurance including travel and accident coverage to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai China in 1919. Today we are one of the worlds fastest growing insurance organizations capable of writing in 128 countries on 6 continents.
Starr Insurance Companies is seeking an experienced Underwriting Assistant to join our team. In this role you will be responsible for evaluating and analyzing insurance policies to determine risk levels and establish appropriate premiums for clients. You will ensure underwriting and service standards are met on assigned accounts develop insurance proposals prepare policies and endorsements obtain underwriting approvals purchase reinsurance when needed review reinsurance certificates and complete reinsurance documentations.
Key Responsibilities:
- Solicit renewal property submission from various production sources
- Analyze submitted risk information according to company underwriting standards and guidelines and request additional information.
- Prepare a detailed account summary referral document and submit for approval to appropriate authority.
- Subject to written underwriting authority develop prepare and present quotation terms and conditions as submitted.
- Review and approve binding terms and conditions for new and renewal business as well as endorsements and amendments to existing policies.
- Prepare and approve insurance details for binders and reinsurance layoff sheets for underwriting assistants in order to book renewal accounts.
- Set up or review and approve policy forms for all new and renewal policies according to binding terms for policy issuance by U/A including endorsements.
- Review and approve final bound policy terms prior to mailing to broker/client in accordance with underwriting standards and guidelines.
- Prepare and approve file documentation in accordance with file documentation procedures.
- Prepare various Home Office reports as requested or required.
Qualifications:
- Minimum of 1 year of relevant experience
- Multitasker and organized
- Excellent communication skills
- Knowledge of Insurance industry
Starr is an equal opportunity employer which means well consider all suitably qualified applicants regardless of gender identity or expression ethnic origin nationality religion or beliefs age sexual orientation disability status or any other protected characteristic. We recruit and develop our people based on merit and were committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Employment Type
Full-Time
