Underwriter - Alternative Markets

Coverys

3d•$81,665 - $137,535

About The Position

The Underwriter uses a global perspective and extensive knowledge and experience to underwrite medical professional liability insurance, primarily for groups and facilities, and develop a book of business that achieves production and profitability goals. The role supports the underwriting function through leadership, collaboration, and innovation. It encourages colleague development, champions organizational goals and initiatives, and demonstrates maturity in internal and external interactions. The Underwriter facilitates cross-functional collaboration by involving stakeholders in decision-making, welcomes constructive feedback, promotes teamwork, and makes recommendations to Underwriting management to improve operational efficiency and effectiveness.

Requirements

Bachelor’s degree or an equivalent combination of education and experience.
Active Property and Casualty Producers license.
At least 4 years of medical professional liability underwriting experience.
Ability to develop familiarity with healthcare facilities, their services, and the regulatory, legislative, legal, and economic factors affecting them.
Ability to read, analyze, and interpret business periodicals, professional journals, technical procedures, governmental regulations, underwriting guidelines and manuals, bylaws, financial statements, articles of organization, loss runs, Joint Commission reports, and other industry reports.
Ability to write effective reports, business correspondence, and procedure manuals.
Ability to present information effectively and respond to questions from managers, clients, customers, and the public.
Proficiency with Microsoft Office.
Ability to learn new software applications as required.

Nice To Haves

CPCU and/or RPLU studies.
Strong producer relationships.

Responsibilities

Analyze relevant information and exposures to decide whether to accept or decline accounts and determine proper classifications.
Approve applications, renewals, and endorsements within authority limits; determine appropriate rating plans and accurately calculate premiums.
Communicate and document underwriting decisions effectively and accurately.
Manage an assigned territory within company guidelines and compliance requirements while meeting financial objectives.
Develop and foster relationships with agent and broker partners through effective, efficient communication.
Coordinate and lead training sessions on underwriting processes as needed.
Maintain knowledge of competitors’ pricing and product offerings within the assigned territory.
Participate in presentations to current and prospective insureds.
Research healthcare and insurance trends.
Perform other duties and special projects as assigned.