Underwriter - Medical Professional Liability
About The Position
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.
Requirements
- 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.
- 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.
Nice To Haves
- 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).
Responsibilities
- 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.
- Participate in committee and department meetings.
- Prepare underwriting reports and reviews as requested by management.
- Work with internal sales and marketing to foster and maintain insured relationships, identify prospects, and other opportunities for business development.
- Request Risk Management referrals as indicated.
- Work with Underwriting Techs to foster efficient and accurate service to our agents and insureds.
- Some overnight travel required for meetings with insureds and to national trade shows or conferences.
- Perform special projects as directed by management.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
