An exciting opportunity exists to join the ProAssurance family of companies!
We are a specialty writer of professional liability, products liability and workers' compensation insurance. With approximately 1000 employees operating in all 50 states, we are well positioned to offer career opportunities to individuals interested in professional growth.
The primary responsibility is to provide support the underwriting group by underwriting business that will produce an underwriting profit. The Underwriter will review submissions and identify exposure and risk, determine accurate classifications and rates, and may answer questions concerning a policy status or billing for policies. Under the guidance of Underwriting Management, the Underwriter will analyze applications and screen applicants based on certain criteria, and ensure that policy transactions such as renewals or quotes are issued and changes are recorded correctly.
Essential Duties and Responsibilities:
60% - Evaluate risk through the review of new and renewal business, determining risk acceptance, pricing terms, and conditions.
Perform underwriting functions in accordance with established standards, guidelines, rates, and coverage forms filed and approved by law in the state of responsibility.
Gather and analyze relevant financial data to identify and evaluate risk.
Examine risk profile and loss history and take necessary steps to ensure that each risk is appropriately classified and priced.
Create new and renewal business indications and quotes.
Approve underwriting transactions and bind coverage within authority; provide analysis and file documentation to support decisions.
Determine applicable surcharges, discounts, or credits.
15% - Participate in Committee and Department meetings. Prepare underwriting reports and reviews as requested by management.
10% - Work with internal sales and marketing to foster and maintain insured relationships, identify prospects and other opportunities for business development.
5% - Request Risk Management referrals as indicated.
5% - Work in partnership with Service Center leadership and staff to foster efficient and accurate service to our agents and insureds.
5% - Some overnight travel required for meetings with insureds; and to national trade shows or conferences.
Perform special projects as directed by management.
Bachelor's degree with three years underwriting experience preferred or a minimum of eight years underwriting experience.
Prior professional liability underwriting experience desired.
Completion or progress towards an insurance or professional liability designation (e.g. RPLU, CPCU, AINS) desired.
Resident P&C insurance agents license may be required (can be obtained within one year from employment start date).
Understanding of insurance and medical terminology, and insurance and underwriting principles required.
Proficiency with Microsoft Office Suite.
Excellent organizational and interpersonal skills; ability to work well within a team environment.
Self-motivated and able to accomplish multiple tasks in a timely manner.
Accomplished written and verbal communication skills.