Commercial Insurance Underwriter
| Company | Chubb |
|---|---|
| Location | Middlesex, NJ, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | |
| Experience Level | Mid Level, Senior |
Requirements
- Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
- Ability to identify risk exposures, special or common hazards, and appropriate controls.
- Ability to select risk based on exposure and risk analysis.
- Ability to analyze claims and quantify losses.
- Understanding of financial statements and ratios used in risk analysis.
- Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets.
- Ability to understand credit risk.
- Ability to understand loss trends, loss triangles, and ratemaking.
- Ability to quantify risk based on experience history and forecasting methods.
- Ability to sell and negotiate to achieve bottom line profitability for the Company.
- Ability to make presentations and communicate articulately.
- Ability to base communications on strategic thinking.
- Ability to manage producer strategy.
- Ability to use systems and software programs needed to conduct daily business.
Responsibilities
- Financial performance, including profit, rate, retention, and growth, of an approximate $6.5 million book of mid-market multi-line Commercial business.
- Responsibilities include a new business goal of $1.5mm+ each year and an $8 million renewal book.
- Identifying opportunities for growth within new and existing production sources and developing and executing a new business growth strategy including developing prospects.
- Successful market penetration and agency management including building, maintaining and managing producer and customer relationships.
- Developing agency strategy and goals with continual monitoring of progress.
- Identifying cross sell opportunities within commercial products and services.
- Soliciting, selecting, and analyzing risk within Chubb Commercial Insurance guidelines and ensuring proper documentation.
- Developing and negotiating price, coverage, and terms and conditions for all new business and renewals and actively identifying account rounding opportunities.
- Meeting with producers and new and renewal customers to make sales presentations including product education and new product roll out.
- Collaborating with underwriters, operations, claims, marketing and home office product management.
- Consistently meeting service standards.
- Collecting and sharing industry intelligence with team, including industry trending and development.
Preferred Qualifications
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No preferred qualifications provided.