Specialty Property - Underwriting Specialist (Hybrid or Remote)
Company: Intact Insurance
Posted on: May 28, 2023
We currently have an opportunity for a Underwriting Specialist to
join our Specialty Property Team in our Chicago, IL office or
remotely nationwide. This position underwrites and manages a book
of business of highly complex, specialty accounts within broad
authority levels. Assists with the development and execution of
strategic initiatives that contribute to the growth and
profitability for that book of business in assigned territory.
Focus is typically on new business production and large account
management. Provides technical underwriting support and service to
assigned producers and insureds regarding selection and rejection
of new and renewal business. Develops superior working
relationships with producers to successfully promote achievement of
mutual growth and profitability goals.
- Maximizes opportunities for underwriting profitable new and
renewal business, as appropriate based on market conditions, by
leveraging business relationships, product knowledge and
underwriting acumen. Develops and maintains an active target
account list tracking prospects and account rounding and/or missed
opportunities. Manages financial performance of assigned territory
including: accident year loss ratio, premium plans (new business,
retention, and rate/exposure increases), and commission
- Underwrites a book of business. Manages underwriting quality
and book management. Reviews eligibility, class fit, price,
deductibles, ITV and losses to determine exposures. Executes
underwriting strategy as determined by management, including
portfolio management, self-audits of new and renewal business and
well documented approvals of underwriting edits. 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 broad underwriting authority. Implements
underwriting decisions in compliance with state laws.
- Develops superior working relationships with producers to
successfully promote achievement of mutual growth and profitability
goals and to supply the appropriate products and services. From a
sales perspective, has the ability to identify gaps in coverage
and/or services, understands where the company can make a
difference based on those gaps and uses that information to help
retain or obtain a customer. Works closely with and establishes
strong business partnerships with other departments, including
claims, actuary and risk control staff in an effort to better
service producers and accounts.
- 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 that
best position the business. Understands and communicates the
company's underwriting appetite. Monitors agency action plans and
participates in account management, agency planning and marketing
meetings to best position the business for the future. Participates
in industry events and/or committees.
- Gathers and analyzes competitor information and producer
specific reports on assigned producers' new business flow,
retention, profitability and potential, to support territorial rate
reviews. Works with other underwriting staff to determine and make
recommendations for marketing, pricing, products and systems.
- Provides training and mentoring to less experienced
- Maintains a strong professional knowledge of competitive,
regulatory and legal environments and applies this information
- Expert knowledge of technical underwriting, pricing, and
coverage issues. Must be a proven self-starter with strong
multi-tasking and relationship management skills. Must have
superior negotiation, marketing and sales skills.
- Must have strong analytical, decision making, problem-solving,
communication, presentation, listening, and organizational skills.
Must be able to work both independently and as a highly
collaborative member of a team. Must be proficient with Microsoft
Office suite and electronic underwriting systems.
- Must maintain strong professional knowledge of legislative
issues, industry trends and marketplace issues within the
territory. Must be able to work in a fast pace and rapidly changing
environment. Education and Experience:
- Bachelor's degree or equivalent experience
- Minimum of 5-7 years of progressively more complex, specialty
lines underwriting experience.
- Professional insurance designation is preferred (AICPCU,
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. Today, we help protect over a dozen industries
with tailored coverages and services.
Keywords: Intact Insurance, Chicago , Specialty Property - Underwriting Specialist (Hybrid or Remote), Other , Chicago, Illinois
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