What are the responsibilities and job description for the Underwriter - Medical Professional Liability position at ProAssurance?
An exciting opportunity exists to join the ProAssurance family of companies!
Our mission is powerful and simple: We protect others. Choosing a place to apply your talents is an important decision for anyone. You have plenty of options. Why choose ProAssurance?
At ProAssurance, we sell a pledge, and that pledge is delivered by our team members. We are seeking individuals who value integrity, leadership, relationships, and enthusiasm—and want to build their career with a great company where they can be their authentic self and feel valued, recognized, and rewarded for their contributions. ProAssurance specializes in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. We are an industry-leading specialty insurer, with job opportunities in much of the contiguous United States.
This position supports our medical professional liability line of business. Preference is for this position to be based near our Mechanicsburg PA office (hybrid) or elsewhere in Pennsylvania (remote); however, we will also consider qualified candidates located elsewhere in the Northeast US (not limited to the states listed) for a remote work arrangement.
2 years medical professional liability underwriting experience is required.
The primary responsibility is to provide support the MPL underwriting strategy by underwriting business that will produce an underwriting profit. The Standard Underwriter will review submissions and identify exposure and risk, determine accurate classifications and rates, and may answer questions concerning a policy status or billing for policies. Under the guidance of Underwriting Management, the Standard Underwriter will analyze applications and screen applicants based on certain criteria and ensure that policy transactions such as renewals or quotes are issued, and changes are recorded correctly.
What you'll do:
60% - Evaluate risk through the review of new and renewal business, determining risk acceptance, pricing terms, and conditions.
10% - Work with internal sales and marketing to foster and maintain insured relationships, identify prospects, and other opportunities for business development.
5% - Request Risk Management referrals as indicated.
5% - Work with Underwriting Techs to foster efficient and accurate service to our agents and insureds.
5% - Some overnight travel required for meetings with insureds and to national trade shows or conferences.
Perform special projects as directed by management.
What we're looking for:
For that reason, we partner with The Predictive Index (PI) – an organization equally committed to improving the working lives of people, to help us hire the best talent by providing additional insight about one’s work style.
The position you applied to requires completion of two assessments prior to being scheduled to interview with a hiring manager. A Talent Acquisition team member may review your application and contact you before the assessment is complete. These assessments are Behavioral and Cognitive (internal candidates will only receive the Behavioral assessment), and each assessment takes less than 12 minutes to complete.
After submitting your application, you will receive two emails from The Predictive Index inviting you to complete each of these assessments (please check your SPAM or Junk email folder if you do not see these emails in your inbox).
Position Salary Range
$56,446.00 - $93,145.00
The salary range displayed represents the entirety of the pay grade for this position. Most candidates will start in the bottom half of the range. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location and comparison to other team members already in this role.
Build your career with us and enjoy access to a best-in-class benefits program.
Our mission is powerful and simple: We protect others. Choosing a place to apply your talents is an important decision for anyone. You have plenty of options. Why choose ProAssurance?
At ProAssurance, we sell a pledge, and that pledge is delivered by our team members. We are seeking individuals who value integrity, leadership, relationships, and enthusiasm—and want to build their career with a great company where they can be their authentic self and feel valued, recognized, and rewarded for their contributions. ProAssurance specializes in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. We are an industry-leading specialty insurer, with job opportunities in much of the contiguous United States.
This position supports our medical professional liability line of business. Preference is for this position to be based near our Mechanicsburg PA office (hybrid) or elsewhere in Pennsylvania (remote); however, we will also consider qualified candidates located elsewhere in the Northeast US (not limited to the states listed) for a remote work arrangement.
2 years medical professional liability underwriting experience is required.
The primary responsibility is to provide support the MPL underwriting strategy by underwriting business that will produce an underwriting profit. The Standard Underwriter will review submissions and identify exposure and risk, determine accurate classifications and rates, and may answer questions concerning a policy status or billing for policies. Under the guidance of Underwriting Management, the Standard Underwriter will analyze applications and screen applicants based on certain criteria and ensure that policy transactions such as renewals or quotes are issued, and changes are recorded correctly.
What you'll do:
60% - Evaluate risk through the review of new and renewal business, determining risk acceptance, pricing terms, and conditions.
- Perform underwriting functions in accordance with established standards, guidelines, rates, and coverage forms filed and approved by law in the state of responsibility.
- Gather and analyze relevant financial data to identify and evaluate risk.
- Examine risk profile and loss history and take necessary steps to ensure that each risk is appropriately classified and priced.
- Create new and renewal business indications and quotes.
- Approve underwriting transactions and bind coverage within authority; provide analysis and file documentation to support decisions.
- Determine applicable surcharges, discounts, or credits.
10% - Work with internal sales and marketing to foster and maintain insured relationships, identify prospects, and other opportunities for business development.
5% - Request Risk Management referrals as indicated.
5% - Work with Underwriting Techs to foster efficient and accurate service to our agents and insureds.
5% - Some overnight travel required for meetings with insureds and to national trade shows or conferences.
Perform special projects as directed by management.
What we're looking for:
- Bachelor’s degree in risk management and insurance or another business field. Minimum of eight years insurance experience in lieu of degree.
- Minimum of two years of medical professional liability underwriting experience required.
- Completion or progress towards an insurance or professional liability designation (e.g., RPLU, CPCU, AINS) desired.
- Resident P&C insurance agents license may be required (can be obtained within one year from employment start date).
- Understanding of insurance and medical terminology and insurance and underwriting principles required.
- Proficiency with Microsoft Office Suite.
- Excellent organizational and interpersonal skills; ability to work well within a team environment.
- Self-motivated and able to accomplish multiple tasks in a timely manner.
- Accomplished written and verbal communication skills.
- Critical thinking/problem solving skills required.
For that reason, we partner with The Predictive Index (PI) – an organization equally committed to improving the working lives of people, to help us hire the best talent by providing additional insight about one’s work style.
The position you applied to requires completion of two assessments prior to being scheduled to interview with a hiring manager. A Talent Acquisition team member may review your application and contact you before the assessment is complete. These assessments are Behavioral and Cognitive (internal candidates will only receive the Behavioral assessment), and each assessment takes less than 12 minutes to complete.
After submitting your application, you will receive two emails from The Predictive Index inviting you to complete each of these assessments (please check your SPAM or Junk email folder if you do not see these emails in your inbox).
Position Salary Range
$56,446.00 - $93,145.00
The salary range displayed represents the entirety of the pay grade for this position. Most candidates will start in the bottom half of the range. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location and comparison to other team members already in this role.
Build your career with us and enjoy access to a best-in-class benefits program.
Salary : $56,446 - $93,145