Underwriter - Chicago, United States - Combined Insurance

Combined Insurance
Combined Insurance
Verified Company
Chicago, United States

1 week ago

Mark Lane

Posted by:

Mark Lane

beBee recruiter
Description

Underwriter - Multinational


As a member of the Chubb Multinational team, this underwriting position will contribute to the achievement of regional profitability and production results through growth, development and underwriting of international property and casualty programs for US multinational companies and organizations.

**ABOUT THE ROLE: - Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit

for the Company while meeting the needs of the customer including innovative solutions for controlled master programs.

  • Risk Assessment. Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select
risk based on exposure and risk analysis. Ability to analyze claims and quantify losses.

  • Financial proficiency. Understanding of financial statements and ratios used in risk analysis. Understanding of insurance
financial fundamentals; impact of underwriting decisions on company assets. Ability to understand credit risk.

  • Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking. Ability to quantify risk based on
experience history and forecasting methods.

  • Marketing and communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to
make presentations and communicate articulately. Ability to base communications on strategic thinking. Ability to manage

producer strategy.

  • Systems and programs. Ability to use systems and software programs needed to conduct daily business.

MAJOR DUTIES AND RESPONSIBILITIES:


  • 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
  • Guides and mentors junior staff.
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