Underwriting Specialist - War & Terrorism

Liberty Mutual Insurance • Boston, MA

5d

About The Position

Our War & Terrorism underwriters focus on answering two fundamental questions: Should we issue a policy for a business? What is a fair price for the risk we would incur by providing that policy? At first glance, these questions may seem straightforward, but as a Liberty Mutual Insurance War & Terrorism underwriter, you will need a curiosity that drives you to dig deeper for answers. You will utilize your strong analytical, communication, and negotiation skills while thriving in a fast-paced, collaborative environment. Underwriters are natural problem solvers who are dedicated to understanding our customers and determining how we can profitably accept the risks associated with our policies.
Our War & Terrorism insurance protects businesses against property damage and business interruption resulting from attacks that are politically, religiously, or ideologically motivated. As an Underwriting Specialist, you will contribute to the growth and profitability of the portfolio through marketing, underwriting, and servicing our policyholders’ risks. Underwriters are accountable for the business performance of the entire global product line within Liberty Specialty Markets, and for specific individual entities in North America, including Liberty Mutual and Ironshore.

Requirements

• Expert knowledge of insurance products and coverage, underwriting, pricing, risk selection, market segments, and the marketplace. Familiarity with insurance finance and actuarial concepts, loss control/risk engineering, marketing techniques, the regulatory environment, and reinsurance is essential.
• Ability to apply underwriting appetites, tools, systems, and resources to achieve goals, solve complex problems, establish and maintain healthy working relationships, and negotiate effectively.
• A related bachelor's degree and five to ten years of relevant experience are preferred.

Nice To Haves

• Underwiring experience in War & Terrorism strongly preferred.
• Actively pursuing professional insurance designations is encouraged.

Responsibilities

• Risk Selection: Review, rate, underwrite, evaluate, or assess businesses applying for insurance by qualifying accounts, identifying and assessing risks, determining premiums, policy terms, and conditions, obtaining necessary approvals, and creating/presenting proposals to agents/brokers while successfully negotiating deals.
• Agent/Broker Relationships: Establish, develop, and maintain successful relationships with agents and brokers to facilitate marketing of products and services. Provide stewardship with service partners, including the initial setup of service commitments and regular visits.
• Brand Development: Cultivate a strong personal brand to build and maintain a long-term, high-quality pipeline with agents and brokers.
• Portfolio Management: Manage a book of business by analyzing the portfolio, identifying areas for improved growth, profit, and diversification, and executing marketing plans to increase market share with preferred brokers.
• Documentation: Document files thoroughly to reflect a solid thought process and decision-making, ensuring compliance with state regulations, letters of authority, and underwriting guidelines through comprehensive account reviews, sign-offs, and referrals.
• Leadership: Actively participate as a team member, contributing expertise to fellow underwriters and account analysts, both technically and professionally.
• Continuous Improvement: Participate in continuous improvement initiatives by generating suggestions, engaging in problem-solving activities, and employing continuous improvement tools to support team efforts.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees