Commercial Insurance Program Underwriter
Commercial Insurance Program Underwriter
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
The Commercial Renewal Underwriter contributes to the achievement of customer group or specialty goals as well as corporate goals relating to growth profit renewal retention and service and producer/client management. The new Underwriter may be assigned a book of Commercial Express and/or standard renewals. This posting is specific to a Marine Facilities Yacht Club Program.
Responsibilities:
- Risk Assessment: Evaluate and analyze the risk associated with renewing insurance policies ensuring that Chubb underwriting guidelines and standards are met
- Policy Review:Review existing policies to assess performance claims history and changes in risk profiles to determine appropriate renewal terms and premiums at least 120 days prior to renewal
- Client Communication:Collaborate with brokers to discuss renewal terms address inquiries and negotiate adjustments as necessary
- Data Analysis:Utilize Chubb data and analytics tools to identify trends and determine the adequacy of pricing and coverage for renewal business
- Documentation Management:Ensure all underwriting documentation is complete accurate and compliant with internal policies and regulatory requirements no more than 60 days after binding
- Risk Mitigation:Identify potential risks and suggest risk mitigation strategies to enhance underwriting practices and minimize exposure
- Collaboration:Work closely with other departments including claims and actuarial teams to gather insights and feedback that inform renewal decisions
- Market Research:Stay current with industry trends market conditions and competitor offerings to make informed underwriting decisions i.e. mindful deployment of limits and attachments
- Regulatory Compliance: Ensure all renewal processes follow regulatory requirements and company policies maintaining adherence to legal standards
- Continuous Improvement:Contribute to the development and enhancement of underwriting processes and policies to improve efficiency and effectiveness
Qualifications
- Basic knowledge of appropriate business behaviors or a strong desire to learn and continually improve your skills and knowledge of business practices and procedures
- Marine Insurance Background is preferred but not required
- Basic proficiency in Microsoft Word Excel and Outlook
- A sharp attention to detail and a commitment to accuracy in all aspects of work
- Ability to listen effectively; verbal and written communication skills to effectively collaborate and communicate information to and from team members and customers
- Able to establish trust credibility and effective working relationships with colleagues clients and stakeholders
- Able to work collaboratively and independently to achieve team and personal objectives
- Dedicated to high standards of behavior and performance consistently demonstrating integrity professionalism attendance and accountability
- Critical thinking skills
Employment Type
Full-Time
