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Insurance Underwriter - Worker's Compensation And Businessowners

Markel Corporation

Insurance Underwriter - Worker's Compensation And Businessowners

Providence, RI
Full Time
Paid
  • Responsibilities

    Insurance Underwriter - Workers Compensation and Businessowners Markel Corporation 56 reviews - Cranston, RI Company Information: What we look for Our exceptional and motivated employees are our greatest strength. Our employees provide the highest level of customer service and help maintain our position as a leader in the global marketplace. Markel Style The Markel Style is what makes us stand out from our competitors. It's our core value which should underpin how we do business, while influencing our behavior and performance. We are looking for people who have potential and share our passion to live the Markel Style, which is described in more detail below. If you think you have these core attributes we want to hear from you. Job Summary: The Underwriter is responsible for the review, evaluation and the judgment of risk of prospective application submissions for Workers Compensation and Businessowner Insurance within a state(s) specific independent agency group. The Underwriter is responsible for the evaluation of risk associated with new and renewal accounts based on agency performance, state performance, and pricing adequacy. If the Underwriter analysis determines the risk is reasonable, the Underwriter will then establish a price point, follow up on the quote, and bind the account. The Underwriter collaborates with Sales and Claims to ensure profitability of their assigned shared state territory. The Underwriter also serves as a member of the regional production team and is responsible for maintaining Insurance Agency relationships and meeting new business productivity, renewal, retention and pricing goals. Specific duties include the following: * Profitably manages assigned territory. * Reviews referrals and applications for coverage requiring underwriting acceptance of risks using professional judgment in accordance with company risk appetite and company guidelines. * Determines appropriate financial alternatives based on exposures, controls, loss trends, loss prevention services, economic conditions and financial acceptability. * Achieves a balanced, profitable and quality book of business while protecting company assets. * Keeps current on assigned states and territory regulations and industry intelligence. * Preserves profitability by managing risk performance through co-ordination with Loss Control, Premium Audit, Claims and Sales through monitoring of loss experience and taking appropriate action to reduce or eliminate future claims. * Participates in the monitoring of Agents and evaluates results and relationships. * Makes recommendations for growth strategies capitalizing on new identified opportunities. * Builds strong relationships with Agents and prospective and current insureds. * Meet new business production, renewal retention and pricing goals. * Travel to state territories for Agency exposure and Convention attendance a minimum of two times a year. Job Requirements * Bachelor's degree required, business related preferred. * Minimum 2 years business related experience or prior experience in risk or insurance underwriting required. * Prefer a minimum of 2 years of experience in workers compensation, commercial, and/or Businessowner Policy products. * Strong quantitative analytical skills desired. * Competitive, analytical and results-oriented.. * Proficient in Microsoft Office Suite with fluency in Microsoft Excel application. * Exceptional written and verbal communication skills. * Demonstrated experience developing successful business relationships. * Business Specific Criteria (Preferred Skills):

    • Experience in the Workers' Compensation and Businessowner industry and products. * Experience working with NCCI rules and regulations. * Experience working effectively with Agents/Brokers and insured clients.
    • Experience working in coordination with Loss Control, Premium Audit, Claim, Sales and Marketing to obtain profitability and growth goals. * Experience developing and delivering presentations. * Experience Marketing or Underwriting Business Owner Policy products are a plus. Why work for us? Diversity and inclusion Markel is truly a global and diverse company. We believe that diversity makes us better business partners and that embracing peoples differences can bring amazing results and fuel innovation. We have a portfolio of businesses and product lines that operate around the world. Community involvement Markel has a rich heritage of supporting communities across the world where our customers and employees live and work. Giving back is part of our history and our future. Our employees share in this philosophy through volunteering, mentoring and fundraising. Commitment to open doors Markel is committed to creating the best work environment. Our open-door policy is essential in recognizing business issues as they rise and to address the changing needs of our diverse and global workforce. Challenging management is a component of the Markel Style?some of our best ideas start from a conversation between a manager and an employee. Entrepreneurial spirit As the Markel Style states, we pursue excellence, strive for a better way, and share the success of others. Markel associates proactively seek new business opportunities, bringing further success to Markel. 5 hours ago - save job - original job Apply On Company Site Other jobs you may like Director, Insurance Programs Underwriting Markel Corporation - Cranston, RI 19 days ago * Insurance Underwriter jobs in Cranston, RI * Jobs at Markel Corporation in Cranston, RI * Insurance Underwriter salaries in Cranston, RI Markel Corporation 56 reviews Have you ever thought about who insures the manicurist or an antique motorcycle? Specialty insurer Markel Corporation takes on the risks... Let employers find you Thousands of employers search for candidates on Indeed Upload Your Resume
  • Industry
    Financial Services