Insurance underwriter job description
Updated March 14, 2024
10 min read
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Example insurance underwriter requirements on a job description
Insurance underwriter requirements can be divided into technical requirements and required soft skills. The lists below show the most common requirements included in insurance underwriter job postings.
Sample insurance underwriter requirements
- Bachelor's degree in Finance, Economics, or related field
- At least 2 years of experience in Insurance Underwriting
- Strong analytical and mathematical skills
- Excellent knowledge of insurance policies and principles
- Proficiency in using Underwriting software and tools
Sample required insurance underwriter soft skills
- Strong communication and interpersonal skills
- Ability to work independently and as part of a team
- Attention to detail
- Ability to multitask and manage time effectively
- Customer service orientation
Insurance underwriter job description example 1
Combined Insurance insurance underwriter job description
Description - External
Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
Position Description:
The underwriter has responsibility to manage a renewal book and generate new businesss. This underwriter will handle package, auto, workers compensation, and umbrella lines with a focus on middle market customers. Underwriting duties will include developing and negotiating price, coverage, terms and conditions for all new business and renewals while actively identifying account rounding opportunities for other Chubb practices. This position must collaborate with other underwriters, operations, claims, marketing, and home office management as necessary. The underwriter must implement and manage effective pricing and rate strategies that will produce profitability, book growth, and successful producer relations. We are looking for a candidate who is highly motivated, results-oriented with solid business and underwriting acumen.
Knowledge, Skills, and Abilities Required:
* Candidate will have experience in multi-line P&C underwriting including Property, Liability, Auto, Work Comp and Umbrella.
* Strong sales and marketing skills are critical; must be able to demonstrate successful agency and broker management, including building, maintaining and managing producer and customer relationships.
* Ability to identify opportunities for growth within new and existing production sources.
* Knowledge of marketing principles, pricing/rate strategies and how to apply them to attain underwriting profit.
* Candidate must possess a high degree of proficiency with the underwriting process, with a solid background in risk analysis.
* Candidate must have ability to effectively interact with all levels of customers and collaborate with a team of underwriters, claims and loss control personnel.
* Knowledge and proficiency with technical issues, compliance, coverage, products and pricing strategies expected.
Chubb strives to offer a diverse and inclusive and rewarding work environment. Teamwork and mutual respect are central to how Chubb operates and we believe the best solutions draw upon diverse perspectives, experiences and skills. We operate in such a way where everyone, regardless of their singular background has the opportunity to contribute to our collective success.
Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran, or marital status, or any other characteristic protected by law.
EEO Statement
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
Qualifications
Qualifications:
* 1-3 years of experience in commercial multi-line underwriting preferred
* Proven marketing and negotiation skills
* Strong communication, interpersonal and time management skills
EEO Statement
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
Position Description:
The underwriter has responsibility to manage a renewal book and generate new businesss. This underwriter will handle package, auto, workers compensation, and umbrella lines with a focus on middle market customers. Underwriting duties will include developing and negotiating price, coverage, terms and conditions for all new business and renewals while actively identifying account rounding opportunities for other Chubb practices. This position must collaborate with other underwriters, operations, claims, marketing, and home office management as necessary. The underwriter must implement and manage effective pricing and rate strategies that will produce profitability, book growth, and successful producer relations. We are looking for a candidate who is highly motivated, results-oriented with solid business and underwriting acumen.
Knowledge, Skills, and Abilities Required:
* Candidate will have experience in multi-line P&C underwriting including Property, Liability, Auto, Work Comp and Umbrella.
* Strong sales and marketing skills are critical; must be able to demonstrate successful agency and broker management, including building, maintaining and managing producer and customer relationships.
* Ability to identify opportunities for growth within new and existing production sources.
* Knowledge of marketing principles, pricing/rate strategies and how to apply them to attain underwriting profit.
* Candidate must possess a high degree of proficiency with the underwriting process, with a solid background in risk analysis.
* Candidate must have ability to effectively interact with all levels of customers and collaborate with a team of underwriters, claims and loss control personnel.
* Knowledge and proficiency with technical issues, compliance, coverage, products and pricing strategies expected.
Chubb strives to offer a diverse and inclusive and rewarding work environment. Teamwork and mutual respect are central to how Chubb operates and we believe the best solutions draw upon diverse perspectives, experiences and skills. We operate in such a way where everyone, regardless of their singular background has the opportunity to contribute to our collective success.
Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran, or marital status, or any other characteristic protected by law.
EEO Statement
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
Qualifications
Qualifications:
* 1-3 years of experience in commercial multi-line underwriting preferred
* Proven marketing and negotiation skills
* Strong communication, interpersonal and time management skills
EEO Statement
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
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Insurance underwriter job description example 2
Trustmark insurance underwriter job description
Join a passionate and purpose-driven team of colleagues who contribute to Health Benefits mission of helping people increase wellbeing through better health and greater financial security. At Health Benefits, you'll work collaboratively to transform lives and help people, communities and businesses thrive. Flourish in a culture of diversity and inclusion where appreciation, mutual respect and trust are constants, not just for our customers but for ourselves. At Health Benefits, we have a commitment to welcoming people, no matter their background, identity, or experience, to a workplace where they feel safe being their whole, authentic selves. A workplace made up of diverse, empowered individuals that allows ideas to thrive and enables us to bring the best to our colleagues, clients, and communities.
As one of the nation's largest independent benefits administrators, Health Benefits helps our clients manage costs without compromising care by offering innovative solutions, flexibility, and complete data transparency for our clients. Our Underwriter team builds strong relationships with stop loss carriers to maximize account retention, renewal increases and regional growth.
Health Benefits is seeking an Underwriter. The key purpose of this position is to provide underwriting support to a defined group of new as well as renewal **self-funded clients specifically in the stop loss area.** Internally this position works closely with Client Management, Sales and Claims. Externally this position interacts with Brokers and Stop Loss Carriers. This is a permanent work from home position. All time zones welcome to apply.
**Job Responsibilities include:**
+ Develops and maintains strong relationships with stop loss carriers to negotiate best possible terms for clients in order to maximize Health Benefits account retention and renewal increases.
+ Partners with Client Management, Sales and Brokers to address clients concerns and issues regarding pricing and stop loss for both renewals and new client business. This includes:
+ Analyzes total book of business and recommends compelling pricing options and strategies to retain or attract new business
+ Analyzes monthly reports to create solutions that address concerns
+ Completes renewal activities including cost renewal, summary analyst, claim project costs, plans changes, renewal presentations, policy review and execution
+ Creates target pricing and makes appropriate carrier selection recommendations
+ Prepares and maintains quote spreadsheets, stop loss data and historical client information used for business analysis and client presentations.
+ Other duties as needed/assigned
**Job Qualifications:**
+ High School Diploma or GED equivalent
+ In-depth knowledge of self-funded health insurance is necessary to be successful
+ TPA experience is a plus
+ Minimum of 3 years of underwriting experience or related experience in self-funded health insurance is required
+ Analytical skills including the ability to make recommendations
+ Excellent communication skills with the ability to communicate effectively with internal and external customers, along with all levels of the organization
+ Keen attention to detail including accuracy, thoroughness, and consistency
+ Ability to shift priorities and focus on new task or challenges as needed
+ Proficient in MS Suite including Word, Excel, Outlook, and PowerPoint
+ You must have a private workspace with access to high-speed internet
_All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, sexual identity, age, veteran or disability._
If you are a Colorado resident and this role is a field-based or remote role, you may be eligible to receive additional information about the compensation and benefits for this role, which we will provide upon request.
Required Skills
Required Experience
As one of the nation's largest independent benefits administrators, Health Benefits helps our clients manage costs without compromising care by offering innovative solutions, flexibility, and complete data transparency for our clients. Our Underwriter team builds strong relationships with stop loss carriers to maximize account retention, renewal increases and regional growth.
Health Benefits is seeking an Underwriter. The key purpose of this position is to provide underwriting support to a defined group of new as well as renewal **self-funded clients specifically in the stop loss area.** Internally this position works closely with Client Management, Sales and Claims. Externally this position interacts with Brokers and Stop Loss Carriers. This is a permanent work from home position. All time zones welcome to apply.
**Job Responsibilities include:**
+ Develops and maintains strong relationships with stop loss carriers to negotiate best possible terms for clients in order to maximize Health Benefits account retention and renewal increases.
+ Partners with Client Management, Sales and Brokers to address clients concerns and issues regarding pricing and stop loss for both renewals and new client business. This includes:
+ Analyzes total book of business and recommends compelling pricing options and strategies to retain or attract new business
+ Analyzes monthly reports to create solutions that address concerns
+ Completes renewal activities including cost renewal, summary analyst, claim project costs, plans changes, renewal presentations, policy review and execution
+ Creates target pricing and makes appropriate carrier selection recommendations
+ Prepares and maintains quote spreadsheets, stop loss data and historical client information used for business analysis and client presentations.
+ Other duties as needed/assigned
**Job Qualifications:**
+ High School Diploma or GED equivalent
+ In-depth knowledge of self-funded health insurance is necessary to be successful
+ TPA experience is a plus
+ Minimum of 3 years of underwriting experience or related experience in self-funded health insurance is required
+ Analytical skills including the ability to make recommendations
+ Excellent communication skills with the ability to communicate effectively with internal and external customers, along with all levels of the organization
+ Keen attention to detail including accuracy, thoroughness, and consistency
+ Ability to shift priorities and focus on new task or challenges as needed
+ Proficient in MS Suite including Word, Excel, Outlook, and PowerPoint
+ You must have a private workspace with access to high-speed internet
_All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, sexual identity, age, veteran or disability._
If you are a Colorado resident and this role is a field-based or remote role, you may be eligible to receive additional information about the compensation and benefits for this role, which we will provide upon request.
Required Skills
Required Experience
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Insurance underwriter job description example 3
Chubb insurance underwriter job description
Commercial Insurance Underwriter - New York
Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
Qualifications:
Qualifications:
Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran or marital status, or any other characteristic protected by law.
Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
-
Chubb is currently seeking a skilled Core Commercial Underwriter to join its Commercial Insurance practice in New York City.
Position Description:
The underwriter has responsibility to manage a renewal book of $8M and generate new business of approximately $1M annually.The position will be responsible for driving profitable growth with New York City agents and brokers.This underwriter will handle package, auto, workers compensation, and international lines with a focus on middle market customers.Underwriting duties will include developing and negotiating price, coverage, terms and conditions for all new business and renewals while actively identifying account rounding opportunities for other Chubb practices. This position must collaborate with other underwriters, operations, claims, marketing, and home office management as necessary.The underwriter must implement and manage effective pricing and rate strategies that will produce profitability, book growth, and successful producer relations. We are looking for a candidate who is highly motivated, results oriented with solid business and underwriting acumen.
Knowledge, Skills, and Abilities Required: - Candidate will have experience in multi-line P&C underwriting including Property, Liability, Auto, Work Comp and Umbrella.
- Strong sales and marketing skills are critical; must be able to demonstrate successful agency and broker management, including building, maintaining and managing producer and customer relationships.
- Ability to identify opportunities for growth within new and existing production sources.
- Knowledge of marketing principles, pricing/rate strategies and how to apply them to attain underwriting profit.
- Candidate must possess a high degree of proficiency with the underwriting process, with a solid background in risk analysis
- Candidate must have ability to effectively interact with all levels of customers and collaborate with a team of underwriters, claims and loss control personnel.
- Knowledge and proficiency with technical issues, compliance, coverage, products and pricing strategies expected.
Qualifications:
Qualifications:
- 3-5 years of experience in commercial multi-line underwriting
- Proven marketing and negotiation skills
- Strong communication, interpersonal and time management skills
- Motivated, highly collaborative and has the ability to adapt to a changing environment
Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran or marital status, or any other characteristic protected by law.
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Updated March 14, 2024
Updated March 14, 2024