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Underwriter, North American E&O Division
Career Insights for Insurance Underwriter (General)
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Scorecard
Based on Connecticut data
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What they do
An Insurance Underwriter evaluates and measures risk and advises businesses in insurance, banking and securities. Recommends customers to be approved for insurance coverage, and develops policies and premium levels. Reviews loan applications, evaluates credit-worthiness of loan applicants and analyzes the investment risk of a loan for the bank. Evaluates risk in different types of securities and advises clients on investments that will yield highest profits.
$79,211 / year median in Connecticut
-15% projected decline
Job Description
Type:
Full-Time Job Description:
Take the next step in your career with us. Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge. We believe that when our great people work together and support one another, our clients receive the best solutions. We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs. Our people are our most important asset, and we are very proud of the quality of our team members.Department:
E&O Job Title:
Underwriter Reports to:AVP, E&O
Job Objectives:
Underwrite and service a book of errors & omissions liability business, including new and renewal business. Emphasis will be on Miscellaneous E&O and Lawyers Professional Liability employing the methods necessary to meet projected premium and profitability goals. Comply with divisional and corporate underwriting guidelines, administrative standards and time service standards.Duties and Responsibilities:
- Compliance with underwriting guidelines, systems and procedures
- Perform general underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice with authorized approval
- Work within authority and receive proper approval from manager as necessary.
- Liaise with Claims Department on any specific claim activity
- Consistent with Internal Audit department procedures, achieve compliance with all underwriting and administrative guidelines
- Attend marketing meetings with brokers as directed by manager.
- Attend client/broker meetings and other social outings as applicable.
- Follow treaty and facultative reinsurance protocols as required
- Stay current with respect to major industry issues and developments
- Other duties as assigned
Requirements:
- Bachelor's Degree preferred
- 1 - 3 years underwriting experience in related line of business
- Excellent organizational skills, time management skills and flexibility
- Ability to work in a fast-paced, high pressure environment
- Solid Writing and Communication Skills
- Must be able to think originally, be willing to challenge ideas and be receptive to having their own ideas challenged
- Willingness to travel The salary range for this role is between: Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance.
- Instant membership in the Allied World — a global network of colleagues who will support your career journey
- A manager who will help you build your career through a structured coaching program
- Access to a full suite of learning and development tools and resources Global Presence Headquartered in Bermuda, Allied World has offices in Atlanta, Boston, Brisbane, Chicago, Costa Mesa, Dallas, Dublin, Farmington (CT), Hong Kong, Houston, London, Los Angeles, Malaysia, Manchester, Miami, Nashville, New Jersey, New York, Philadelphia, San Francisco, Singapore, Sydney, Switzerland and Toronto.
Benefits
- 401(k) Plans
- Professional Development
- Mentorships
- Health Insurance