DIC Underwriter

DIC Underwriter

Requirements

• High school diploma or general education degree (GED) required
• College-level courses up to and including a Bachelor’s degree preferred
• Minimum 1-5 years of experience underwriting in a specialty area
• Demonstrated experience with automated Underwriting systems

Responsibilities

• Takes responsibility for profitable growth of a specialty area of insurance business
• Accepts, modifies, or rejects risks based on a review of business in terms of loss experience, inspection reports, file information, web resources, policyholder tenure, and related policies
• Classifies nature of risk in accordance with Company guidelines, standards, and compliance with state laws
• Interprets policy contract language/forms and uses approved classification systems, rating plans and selection standards to determine eligibility, desirability, and proper classification/pricing
• Informs management of weakness in coverage and/or products that are adversely impacting growth potential
• Gathers pertinent competitive information to assist in developing recommendations to product development
• Evaluates routine business for risk acceptability; matching price to exposure, loss frequency and severity for profitability, and rating plans/modifications for renewal retention
• Provides documentation for any exceptions to established guidelines and critical account information relating to the final Underwriting decision
• Verifies coverage eligibility
• Communicates effectively via phone calls and email to gather and analyze necessary information critical to the Underwriting process
• Occasionally goes out on field visits to create new business opportunities and improve policy renewal retention
• Maintains Underwriting quality standards
• Develops a strong understanding of modeling systems
• Analyzes modeling results to support Underwriting decisions
• Places facultative reinsurance according to Company guidelines
• Establishes collaborative relationships with agencies/producers to understand the external marketplace and underwrites within established performance standards
• Effectively communicates decisions and resolves agent/customer concerns promptly
• Provides technical assistance to internal and external customers regarding coverage interpretations, policy and endorsement provisions, and Underwriting acceptability for specialty area coverages
• Develops collaborative working relationships with assigned agents providing excellent customer service
• Visits each assigned broker a minimum of two times a year
• Attends marketing events that may be organized by the Company
• Provides feedback gathered from marketing activities to management through marketing call reports
• Participates in Underwriting and production presentations when approved by management

Preferred Qualifications

No preferred qualifications provided.