Products Liability Insurance Underwriter

Venbrook

11d

About The Position

The Products Liability Insurance Underwriter evaluates, selects, and prices risks associated with manufactured goods, consumer products, industrial equipment, and other items that may expose companies to liability claims. This role blends analytical rigor with sound judgment, balancing risk exposure with profitable growth while maintaining strong wholesale broker and carrier relationships.

Requirements

Sound Judgment & Decision-Making: Exercises strong analytical thinking to evaluate complex risk exposures, make informed underwriting decisions, and balance profitability with growth objectives.
Attention to Detail & Accuracy: Thoroughly reviews applications, technical specifications, safety documentation, and regulatory compliance materials to ensure precise risk evaluation and documentation.
Strategic Thinking & Market Awareness: Monitors loss trends, emerging risks, and market conditions to proactively adjust underwriting strategies and maintain a profitable book of business.
Problem-Solving & Critical Analysis: Analyzes product types, manufacturing processes, supply chains, and quality controls to determine risk acceptability and develop appropriate coverage solutions.
Collaboration & Interpersonal Effectiveness: Builds and maintains strong relationships with wholesale brokers, carriers, and internal teams. Communicates underwriting decisions clearly and professionally.
Required 5+ years’ experience in commercial underwriting, preferably in casualty or product liability lines
Strong analytical skills with the ability to interpret technical information and loss data
Excellent communication, negotiation, and relationship-building abilities
Proficiency with underwriting software, rating tools, and productivity platforms
Bachelor’s degree in business, finance, risk management, engineering, or a related field
5+ years’ experience in commercial underwriting, preferably in casualty or product liability lines

Nice To Haves

Professional designations such as CPCU, ARM, or AU
Experience underwriting complex manufacturing, life sciences, or high-hazard products
Familiarity with regulatory frameworks such as CPSC, FDA, or OSHA standards
Professional designations such as CPCU, ARM, or AU preferred
Experience underwriting complex manufacturing, life sciences, or high-hazard products preferred

Responsibilities

Risk Assessment & Underwriting Analyze product types, manufacturing processes, supply chains, quality controls, and loss histories to determine risk acceptability.
Review applications, technical specifications, safety documentation, and regulatory compliance materials.
Evaluate exposures related to product design, distribution, labeling, warranties, and end-user behavior.
Determine appropriate coverage terms, conditions, endorsements, and pricing in accordance with underwriting guidelines.
Make informed decisions on new business, renewals, and endorsements.
Portfolio & Profitability Management Maintain a profitable book of business through disciplined underwriting and strategic risk selection.
Monitor loss trends, emerging risks, and market conditions to adjust underwriting strategies.
Collaborate with carrier’s actuarial team to refine pricing models and ensure rate adequacy.
Participate in audits and internal reviews to ensure compliance with underwriting standards.
Broker & Carrier Engagement Build and maintain strong relationships with wholesale brokers and carriers.
Communicate underwriting decisions clearly and professionally, including rationale for pricing or coverage changes.
Provide guidance to clients on risk mitigation strategies and product safety best practices.
Represent the company at industry events, broker meetings, and training sessions.
Documentation & Compliance Prepare clear, accurate underwriting files and documentation to support decisions.
Ensure adherence to regulatory requirements, internal policies, and industry standards.
Stay current on legal developments, product safety regulations, and emerging liability trends.