Underwriter, Personal Risk Services

Chubb•Toronto, ON

About The Position

Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. KEY OBJECTIVE: The primary function of the underwriter role is to review and accept individual risks to maximize the financial results of an assigned book of business. This role serves as a key contact for risk placement and retention with Chubb, and a resource on policy pricing, coverage, and administration.

Requirements

Underwriting knowledge
Pricing knowledge
Coverage knowledge
Policy administration knowledge
Underwriting judgment
Technical underwriting knowledge
Knowledge of Chubb’s suite of products
Knowledge of the Canadian personal insurance landscape

Nice To Haves

Mentorship skills

Responsibilities

Fulfill GWP and New Business goals by writing and renewing profitable target market business.
Prepare new and renewal proposals that assist producers with account retention and growth.
Execute strategic initiatives and operating tactics.
Employ account rounding and cross sell strategies.
Adhere to Catastrophe Management strategies.
Analyze customer information and account details in the underwriting, pricing, proposal and placement of new accounts and renewal business; ensuring the quality of business in consistent with the PRS strategy and underwriting guidelines.
Ensure the overall profitability of an assigned book of business by applying sound underwriting judgment, adhering to delegated underwriting authority.
Review and properly act on findings developed from risk assessment reports.
Have an in-depth understanding of Chubb’s suite of products. Make recommendations for additional coverage and services during the new line, endorsement, and renewal processes.
Display technical underwriting knowledge and confidence in supporting and articulating Chubb strategies on account specific decisions to internal parties and brokers.
Actively promote Chubb Personal Risk Services value proposition. Position Chubb as the client and brokers’ market of choice.
Effectively work and build positive relationships with key Chubb stakeholders in Operations, Underwriting, Risk Consulting, Sales and Claims. Positively represent the Chubb brand internally and in the market place.
Transfer knowledge with teammates and support new hires with formal and informal mentorship.
Develop effective brokerage relationships through superior customer service and a solutions-oriented approach to underwriting.
Participate in annual broker business planning. Provide input on strategic initiatives and execute on specific tactics in conjunction with PRS Underwriting and Sales Management.
Adhere to all service level standards for referred transactions.
Monitor brokers’ trends and results compared to goals on an ongoing basis. Develop and execute specific tactics to drive improved results throughout the year.
Conduct meaningful and appropriate brokerage travel.
Maintain a high level of knowledge of the Canadian personal insurance landscape; actively sharing relevant information with internal stakeholders as appropriate.