What are the responsibilities and job description for the Underwriter position at Core Specialty Insurance Services, Inc.?
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The Underwriter will analyze E&S Product Liability submissions from broker partners to determine eligibility of risk within Core E&S Product Liability appetite and subsequently to determine appropriate limits, attachment point, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk.
Key Accountabilities/Deliverables:
Execution of Primary GL business plans and objectives including:
Build Core Specialty's reputation and presence in the small to medium sized Products Liability Market.
Provide prompt and accurate customer service on policy transactions
Ensure all risks considered and bound are within delegated authority, underwriting standards, risk selection, peer review and pricing methodologies
Provide documented evidence of underwriting activities and decisions in files as required
Support Company and Department goals and objectives
Build Core Specialty’s relationships with our broker partners
In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require.
Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance and Core Specialty’s shared values, including putting clients at the heart of our business.
Knowledge of the Products Liability Market environment:
Knowledge of GL Construction, Real Estate and Service Providers & current market environment
Knowledge of underwriting practices, coverage & pricing/rating methodologies
Knowledge of producer & competitor marketplace
Knowledge of targeted industries
Knowledge of insurance company operations
Familiarity with company systems, procedures & processes
Solid understanding of policy wordings and clauses
- Understanding of all pricing/underwriting tools available
Experience
Bachelor’s degree (preferably with a Risk Management & Insurance Major) or equivalent work experience.
Achieved or working towards an industry designation such as CPCU, CRM, ARM, CIC
Ability to travel monthly to meet assigned brokers in the region
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.
#LI-Hybrid
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
