Commercial Renewal Underwriter Excess Casualty
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Job Location:
Chicago, IL - USA
Monthly Salary:
$ 70000 - 100000
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
- Review and analyze existing insurance policies up for renewal assessing risk exposures and determining if terms and pricing remain appropriate.
- Maintain and manage a book of renewal business ensuring retention targets and profitability goals are met.
- Communicate with brokers agents and clients to discuss renewal terms address questions and negotiate coverage changes.
- Evaluate claims history loss trends and changes in client operations to adjust coverage or pricing as needed.
- Ensure all renewal documentation endorsements and policy changes are accurately processed and compliant with regulatory and company standards.
- Work closely with other departments (e.g. claims actuarial legal) to resolve complex cases and support cross-functional initiatives.
- Stay updated on market trends competitor activity and regulatory changes to inform underwriting decisions.
- Adhere to Chubbs underwriting guidelines authority limits and compliance requirements.
- Underwriter will handle between 140 - 160 renewals
Qualifications
- 2 years of insurance experience preferably in commercial or specialty lines.
- Prior experience with renewals or portfolio management is a plus.
- Strong analytical and risk assessment abilities.
- Proficiency with underwriting systems and Microsoft Office Suite.
- Understanding of insurance products policy language and regulatory requirements is a plus
- Excellent verbal and written communication for broker and client interactions.
- Negotiation and relationship management skills.
- Detail-oriented organized and able to manage multiple renewals simultaneously.
- Ability to work independently and as part of a team.
The pay range for the role is $70000 to $100000. The specific offer will depend on an applicants skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
About Company
Chubb Life has been in Egypt since 2003. Chubb Life is the international life insurance division of Chubb - the world's largest publicly traded property and casualty insurance company by market capitalization.
