Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite.
Develops and implements risk assessment models to make informed decisions on coverage, pricing, and terms.
Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance.
Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions.
Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.
Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.
Stays updated on industry trends, regulatory changes, and market conditions.
Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.
May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
Performs other duties as assigned.

Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience.
Generally, a minimum of 9 years of experience in Underwriting or a related field.
Completion of or continuing progress toward a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM), or a marketing designation.
Performs work under limited supervision and technical direction.
Works with significant latitude and authority on complex assignments.
Maintains advanced knowledge of company policies and industry laws and regulations.
Excellent interpersonal and communication skills.
Demonstrates advanced analytical, risk assessment, and problem-solving skills.
Strong negotiation and decision-making ability.
Familiarity with marketing strategies and tools is beneficial.
Viewed as a senior resource on the Underwriting team.
Provides technical advice and support to lower-level positions.
Position requires occasional travel.

Underwriting Specialist

Key skills