As Underwriting Specialists, we assess new commercial insurance risks and determine the correct classification of business, policy contract forms, risk of pricing, and work by the broad limits and authority on commercial underwriting accounts of significant size and high technical complexity. Additionally, we evaluate property information, liability exposures, fleet and safety programs, loss history, financial reports, risk control reports, and accept and prices risk in accordance with established underwriting guidelines and within delegated authority level. We review renewal accounts by examining business operations, classification, contract forms, and loss activity and determine if the account is an acceptable risk and if it will be non-renewed.
Core tasks:
- decide the price according to established underwriting guidelines and within delegated authority level
- review accounts and endorsement requests exceeding senior underwriter, underwriter, and underwriting assistant’s authority
- level and take appropriate procedural action
- develop, expand and enhance agency relationships to promote profit and growth of the new business
- travel and meet with agents and customers to enhance business relationships