Underwriter I
Company Name:
Arca24.com
Salary period: Annual
Overview:
Established in 1989, National Interstate is one of the leading specialty property and casualty insurance companies in the country. We offer more than 30 different insurance products, including traditional insurance, innovative alternative risk transfer (ART) programs for commercial companies and insurance for specialty vehicle owners. We are able to provide innovative and customized insurance products because of the talented and dedicated members of our team. National Interstate employs over 500 employees in offices in Northeast Ohio, PA, HI, and MO.
Responsibilities:
Summary
Review submissions in order to decline/quote within the parameters of policy coverages, state regulations, National Interstate's underwriting philosophy, and delegated authority.
Main
Responsibilities:
Analyze and interpret information such as applications, loss control reports, motor vehicle records, loss runs, and financial statements. Review and price commercial fleet auto insurance submissions. This includes reviewing submissions in order to decline/quote within the parameters of policy coverages, state regulations, National Interstate's underwriting philosophy, and delegated authority. Responsible for new business production, including achievement of submission, quote, and premium objectives. Work with internal marketing representatives to renew a book of in-force business with an appropriate retention ratio - includes qualifying sales situations, communicating expectations, delivering sales quotes, and binding business. Monitor the assigned accounts waiting to be quoted so that all quotes are released to the Marketing Department by the date needed, provided Marketing has given adequate lead time. Obtain critical underwriting information (ie, UM/UIM (Uninsured Motorist/Underinsured Motorist) rejection, collateral agreement, letter of credit, etc.) from Marketing within specified time standards or, in cases of noncompliance, send a notice of cancellation. Place facultative reinsurance when authorized and required. Monitor assigned accounts and periodically review critical underwriting information and performance against expected losses. Handle special projects, as assigned by the Underwriting Manager. Understand state insurance requirements and provide coverage that complies with those requirements. Interpret documents such as loss runs, insurance policies, and procedure manuals. Prepare routine reports and correspondence. For each claim with an incurred loss of $50,000 or more, review Claims' large loss report and write a brief report including the actual account vs. expected frequency, claim patterns and any recommendations for any additional information needed or actions that need to be taken. Work cooperatively with Underwriting, Marketing, Claims and Accounting staff so that excellent service is provided to customers. Have all quotes approved by supervisor prior to release. Prepare information for policy issuance, and review the final policy for accuracy. All other duties as assigned by supervisor.
Qualifications:
Bachelor's degree (B. A.) from four-year college or university; or a minimum of 5 years experience in the Property/Casualty industry with increasing responsibilities. Professional designation coursework (CPCU, ARM, etc.) a plus. A minimum of 3 years of P/C underwriting experience or a minimum of 1 year of Commercial Transportation underwriting experience. Working knowledge of PC's, including databases, word processing and spreadsheets. CPCU course of study is required. Strong verbal and written communication skills. Strong analytical skills.Estimated Salary: $20 to $28 per hour based on qualifications.
Arca24.com
Salary period: Annual
Overview:
Established in 1989, National Interstate is one of the leading specialty property and casualty insurance companies in the country. We offer more than 30 different insurance products, including traditional insurance, innovative alternative risk transfer (ART) programs for commercial companies and insurance for specialty vehicle owners. We are able to provide innovative and customized insurance products because of the talented and dedicated members of our team. National Interstate employs over 500 employees in offices in Northeast Ohio, PA, HI, and MO.
Responsibilities:
Summary
Review submissions in order to decline/quote within the parameters of policy coverages, state regulations, National Interstate's underwriting philosophy, and delegated authority.
Main
Responsibilities:
Analyze and interpret information such as applications, loss control reports, motor vehicle records, loss runs, and financial statements. Review and price commercial fleet auto insurance submissions. This includes reviewing submissions in order to decline/quote within the parameters of policy coverages, state regulations, National Interstate's underwriting philosophy, and delegated authority. Responsible for new business production, including achievement of submission, quote, and premium objectives. Work with internal marketing representatives to renew a book of in-force business with an appropriate retention ratio - includes qualifying sales situations, communicating expectations, delivering sales quotes, and binding business. Monitor the assigned accounts waiting to be quoted so that all quotes are released to the Marketing Department by the date needed, provided Marketing has given adequate lead time. Obtain critical underwriting information (ie, UM/UIM (Uninsured Motorist/Underinsured Motorist) rejection, collateral agreement, letter of credit, etc.) from Marketing within specified time standards or, in cases of noncompliance, send a notice of cancellation. Place facultative reinsurance when authorized and required. Monitor assigned accounts and periodically review critical underwriting information and performance against expected losses. Handle special projects, as assigned by the Underwriting Manager. Understand state insurance requirements and provide coverage that complies with those requirements. Interpret documents such as loss runs, insurance policies, and procedure manuals. Prepare routine reports and correspondence. For each claim with an incurred loss of $50,000 or more, review Claims' large loss report and write a brief report including the actual account vs. expected frequency, claim patterns and any recommendations for any additional information needed or actions that need to be taken. Work cooperatively with Underwriting, Marketing, Claims and Accounting staff so that excellent service is provided to customers. Have all quotes approved by supervisor prior to release. Prepare information for policy issuance, and review the final policy for accuracy. All other duties as assigned by supervisor.
Qualifications:
Bachelor's degree (B. A.) from four-year college or university; or a minimum of 5 years experience in the Property/Casualty industry with increasing responsibilities. Professional designation coursework (CPCU, ARM, etc.) a plus. A minimum of 3 years of P/C underwriting experience or a minimum of 1 year of Commercial Transportation underwriting experience. Working knowledge of PC's, including databases, word processing and spreadsheets. CPCU course of study is required. Strong verbal and written communication skills. Strong analytical skills.Estimated Salary: $20 to $28 per hour based on qualifications.
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