Underwriter / Sr. Underwriter - Cyber & Technology Errors and Omissions (Retail)
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About The Position
The primary purpose of this position is to underwrite new business and renewals in a profitable manner and according to authority level and established guidelines. The role involves utilizing underwriting tools to determine accurate classifications, rates, and premium charges. A thorough understanding of state laws, including cancellation and non-renewal, within the assigned territory is essential to properly transact business within each state. The candidate should be knowledgeable in coverage forms and policy language, ensuring appropriate utilization of forms and exclusions. Additionally, the position requires assisting with resolving premium audit disputes within assigned agents and brokers. In this role, you will review, analyze, accept, and decline retail Cyber/IT & Misc E&O risks to ensure profitability for Markel. You will be responsible for underwriting and selecting new business that will produce an underwriting profit while managing the existing renewal book and implementing corrective measures as needed to meet profitability expectations. Effective communication with regional managers and national Cyber/IT & Misc E&O product line leaders regarding individual accounts, current and proposed producers is crucial, along with making recommendations concerning operations, systems, and procedures when appropriate. Participation in audits and/or underwriting meetings as required is also part of the job. Building and maintaining quality relationships with key producers while simultaneously monitoring the entire appointed producer base for profitability and production is a key responsibility. You will also be expected to review forms and pricing of competitors and effectively market the Markel product within the competitive landscape. Providing training or technical assistance to department underwriting support staff is an additional aspect of this position.
