Become A Commercial Lines Underwriter

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Working As A Commercial Lines Underwriter

Getting Information
Making Decisions and Solving Problems
Analyzing Data or Information
Processing Information
Documenting/Recording Information

Mostly Sitting
Make Decisions
Repetitive
Stressful
$65,040
Average Salary

What Does A Commercial Lines Underwriter Do At Utica National Insurance Group

* Underwriting assignments limited to the largest accounts and most complex target/general business in the regional office.
* Regular travel to visit producers in their offices, and/or to prospects/insureds locations to help produce or retain larger account business.
* New business focus.
* Review, reject or approve applications and/or endorsement requests concerning large or complex risks.
* Communicate by telephone and through written correspondence with producers and marketing representatives.
* Provide training and guidance to other regional underwriters on underwriting large or more complex accounts.
* Perform profit/loss analyses complete with making recommendations to improve results.
* Work directly with Home Office Commercial Lines as needed.
* Perform other tasks as assigned

What Does A Commercial Lines Underwriter Do At Nationwide

* Gathers information from multiple sources according to company guidelines, in order to perform underwriting analysis.
* May require gathering verbal information or data through reports or other electronic means.
* May research issues in support of unit objectives and participate on committees or special projects.
* Reviews individual risks for acceptability and handles those within authority based on company underwriting guidelines and standards.
* Analyzes quality and quantity of risks underwritten and prepares reports accordingly.
* May review agency books of business as well as profit/growth results and trends to recommend and implement action plans.
* May perform portfolio analysis or additional underwriting analysis in support of unit objectives.
* Manages larger, more complex work that requires working with and through others to meet overall project timelines and maximize workflow.
* Manages referral underwriting, which have been escalated from other underwriting staff, and provides suggested decision or approach.
* Ensures file handling quality and workflow efficiency.
* Assists in managing work inventories within the unit.
* Underwrites new business, renewals and endorsements.
* Decisions at this level may require review of additional variables, leveraging agency, sales and underwriting relationships, inspection reports and evaluation of exceptions.
* Reviews for acceptability and handles those within authority using company underwriting guidelines and standards.
* May assist manager in performing audits including corporate, underwriting, agency and self audits.
* Plans completion of assignments to meet agreed upon timelines and service level agreements.
* Provides input and feedback regarding operational business plan.
* Proactively identifies and drives opportunities for business development and issues resolution through consulting with agents and internal partners.
* Understands organizational capabilities and opportunities to drive maximum value of relationships.
* Provides technical expertise to underwriting associates and agents.
* Advises on the underwriting of larger, more complex, and/or unusual business to determine acceptability, terms, conditions, pricing and sales techniques.
* Communicates with agents and other internal and external business partners by requesting and providing requested information.
* Strengthens internal and external relationships through regular contact on underwriting matters, promoting profit and new business growth, renewal retention and service capabilities.
* May participate in the review and analysis of agency performance.
* Responds to requests from agents and underwriting staff with resolution within established time and service standards in order to facilitate and expedite service needs.
* Handles escalated underwriting issues from unit.
* Educates internal and external partners on underwriting process, practice and tools.
* Helps train less experienced underwriting staff.
* Coordinates, participates and/or leads training development or delivery as a subject matter expert.
* Identifies and communicates training needs and opportunities.
* Performs other related duties as assigned

What Does A Commercial Lines Underwriter Do At Guideone Mutual Insurance Company

* Analyzes, evaluates and prices risks submitted by the agent to select acceptable risks at a premium commensurate with the exposure
* Analyzes, evaluates and prices renewal business
* Processes endorsements or changes in policies
* Provide accurate verbal and written communication to the agents and state sales directors regarding Company policies and procedures
* Assists in training new underwriters
* Assumes additional duties as defined

What Does A Commercial Lines Underwriter Do At Combined Insurance

* Duties may include but are not limited to:
* Solicits new and renewal submissions from brokers
* Determines terms and conditions and complex rating plans
* Binds coverage
* Documents the underwriting files
* Handles more complex files and portfolios within underwriting authority

What Does A Commercial Lines Underwriter Do At Utica National Insurance Group

* Review, reject or approve applications and/or endorsement requests concerning the more complex and diversified risks
* Perform underwriting tasks more demanding than the basic tasks as described for the Underwriter and Junior Underwriter;
* Communicate by telephone and through written correspondence with agents, insureds, and marketing representatives
* Assist and consult with the Supervising Underwriter
* Assist marketing representatives, agents and producers in engineering risks, estimating exposures and liabilities
* Frequently visit agents in their offices, working with them in soliciting, making quotations and authorizing more complex risks
* Assist in the training of other underwriters;
* Perform other tasks as assigned by the Supervising Underwriter, and/or superior.
* BENEFITS:_
* We believe strongly that talented people are core to our success and are attracted to companies that provide competitive pay, comprehensive benefits packages, career advancement and challenging work opportunities.
* We offer a Comprehensive Benefits Plan for full time employees that include the following:
* K plan
* Medical coverage
* Dental coverage
* Flexible spending accounts
* Vision care coverage
* Paid Time
* Off (PTO)
* Paid Holidays
* Paid Volunteer Day
* Pay-for
* Performance
* Employee and Dependent life insurance
* Disability insurance
* Accidental death & dismemberment insurance
* Discounts on automobile and homeowner's insurance
* Tuition reimbursement
* Employee Assistance Program (EAP)
* Credit Union membership
* Employees' Club

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How To Become A Commercial Lines Underwriter

Employers prefer to hire candidates who have a bachelor’s degree. However, insurance-related work experience and strong computer skills may be enough. Certification is generally necessary for advancement to senior underwriter and underwriter manager positions.

Education

Most firms prefer to hire applicants who have a bachelor’s degree. Courses in business, finance, economics, and mathematics are particularly helpful.

Training

Beginning underwriters usually work as trainees under the supervision of senior underwriters. Trainees work on basic applications and learn the most common risk factors. As they gain experience, they become responsible for more complex applications and work independently.

Licenses, Certifications, and Registrations

Employers often expect underwriters to become certified through coursework. Courses are important for keeping current with new insurance policies and for adjusting to new technology and changes in state and federal regulations. Certification is often necessary for advancement to senior underwriter and underwriter management positions. Many certification options are available.

For underwriters with at least 3 years of insurance experience, The Institutes offer the Chartered Property and Casualty Underwriter (CPCU) designation. For beginning underwriters, The Institutes offer a training program.

The Institutes also offer two special designations: Associate in Commercial Underwriting (AU) and Associate in Personal Insurance (API). To earn either the AU or API designation, underwriters complete a series of courses and exams that generally take 1 to 2 years.

The National Association of Insurance and Financial Advisors offers an introductory course in basic insurance concepts: the Life Underwriter Training Council Fellow (LUTCF). The American College of Financial Services offers the Chartered Life Underwriter (CLU) certification.

Important Qualities

Analytical skills. Underwriters must be able to evaluate information from a variety of sources and solve complex problems.

Decisionmaking skills. Underwriters must consider the costs and benefits of various decisions and choose the appropriate one.

Detail oriented. Underwriters must pay attention to detail, because each individual item on an insurance application can affect the coverage decision.

Interpersonal skills. Underwriters need good communication and interpersonal skills because much of their work involves dealing with other people, such as insurance agents.

Math skills. Determining the probability of losses on an insurance policy and calculating appropriate premiums require mathematical ability.

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Commercial Lines Underwriter jobs

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Commercial Lines Underwriter Career Paths

Commercial Lines Underwriter

Underwriting Manager Sales Manager Territory Sales Manager

Commercial Account Manager

8 Yearsyrs

Senior Underwriter Assistant Vice President Compliance Officer

Compliance Manager

9 Yearsyrs

Underwriter Billing Specialist Claims Representative

General Adjuster

11 Yearsyrs

Account Executive Realtor Loss Mitigation Specialist

Loss Control Manager

6 Yearsyrs

Senior Underwriter Account Executive Assistant Vice President

Risk Manager

8 Yearsyrs

Underwriter Claims Adjuster

Senior Claims Adjuster

7 Yearsyrs

Underwriting Manager Mortgage Underwriter Senior Underwriter

Underwriting Director

9 Yearsyrs

Average Length of Employment

Commercial Lines Underwriter 5.0 years
Property Underwriter 4.3 years
Insurance Underwriter 4.2 years
Commercial Lines Insurance Agent 4.1 years
Commercial Underwriter 4.0 years
Personal Lines Underwriter 4.0 years
Commercial Lines Manager 4.0 years

Top Careers Before Commercial Lines Underwriter

Top Careers After Commercial Lines Underwriter

Commercial Lines Underwriter Demographics

Gender

Female
59.8%
Male
38.6%
Unknown
1.6%

Ethnicity

White
80.8%
Hispanic or Latino
9.6%
Asian
7.3%
Unknown
1.7%
Black or African American
0.6%

Languages Spoken

Spanish
46.9%
Carrier
28.1%
German
6.3%
Occidental
3.1%
Vietnamese
3.1%
French
3.1%
Lakota
3.1%
Greek
3.1%
Russian
3.1%

Commercial Lines Underwriter

Unfortunately we don’t have enough data for this section.

Commercial Lines Underwriter Education

Schools

University of Phoenix
17.9%
University of Connecticut
7.1%
Michigan State University
6.0%
Appalachian State University
4.8%
University of Iowa
4.8%
Saint Joseph's University
4.8%
University of Missouri - Columbia
4.8%
Iowa State University
4.8%
Villanova University
4.8%
Utica College
4.8%
State University of New York Polytechnic Institute
3.6%
Temple University
3.6%
Youngstown State University
3.6%
State University of New York Buffalo
3.6%
State University of New York College at Oswego
3.6%
Georgia State University
3.6%
Kennesaw State University
3.6%
University of North Florida
3.6%
Xavier University
3.6%
University of Rhode Island
3.6%

Majors

Degrees

Bachelors
55.9%
Other
17.6%
Masters
11.9%
Associate
6.7%
Certificate
3.6%
Doctorate
2.2%
License
1.6%
Diploma
0.4%

Commercial Lines Underwriter

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Real Commercial Lines Underwriter Salaries

Job Title	Company	Location	Start Date	Salary
Commercial Line Underwriter	Leading Insurance Services, Inc.	Fort Lee, NJ	Sep 01, 2012	$80,000
Underwriter-Commercial Lines/Specialty Lines	National Union Fire Insurance Company of Pittsburg	New York, NY	Nov 01, 2010	$64,170
Commercial Lines Underwriter	International Underwriting Agency, Inc.	NY	Nov 01, 2011	$55,000
Commercial Lines Insurance Underwriter	Ping An Group Inc.	El Monte, CA	Sep 21, 2016	$50,088

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Top Skills for A Commercial Lines Underwriter

Top Commercial Lines Underwriter Skills

New Business Policies
Loss Control Reports
General Liability

You can check out examples of real life uses of top skills on resumes here:

Assist agents in finding the right products for a potential insured for possible new business policies.
Review loss control reports and determine accuracy of submissions and acceptability of risks within underwriting guidelines.
Set up new business files; processed endorsements of Commercial Auto and General Liability products
Initial underwriting territory was Central and Eastern PA.
Represented several companies underwriting Business Automobile, Garage and Dealers, General Liability and Property coverage's.