Associate Underwriter

Proassurance Corporation Birmingham , AL 35202

Posted 3 weeks ago

An exciting opportunity exists to join the ProAssurance family of companies!

We are a specialty writer of professional liability, products liability and workers' compensation insurance. With over 1,000 employees operating in 40 states, our company is well positioned to offer career opportunities to individuals interested in professional growth.

The primary responsibility of the Associate Underwriter is to provide support in the underwriting of business that will produce an underwriting profit. Review submissions and identify exposure and risk, determine accurate classifications and rates. The Associate Underwriter may answer questions concerning a policy status or billing on behalf of an underwriter or sales staff. Under the guidance of underwriters and supervisors, they may analyze applications and screen applicants based on certain criteria, and ensure that policy transactions such as renewals or quotes are issued and changes are recorded correctly.

Essential Duties and Responsibilities:
60% Assist in the evaluation of risk through the review of new and renewal business, determining risk acceptance, pricing terms, and conditions.

  • Perform functions in accordance with established standards, guidelines, rates, and coverage forms filed and approved by law in the state of responsibility.

  • Assist in gathering and analyzing relevant financial data to identify and evaluate risk.

  • Examine risk profile and loss history and take necessary steps to ensure that each risk is appropriately classified and priced.

  • Recommend new and renewal business indications and quotes.

  • Recommend relevant applicable surcharges, discounts, or credits.
    15% Participate in Committee and Department meetings. Prepare underwriting reports and reviews as requested by management.
    10%Work with internal sales and marketing to foster and maintain insured relationships, identify prospects and other opportunities for business development.
    5%Request Risk Management referrals as indicated.
    5% Work in partnership with Service Center leadership and staff to foster efficient and accurate service to our agents and insureds.

Secondary Duties and Responsibilities:
5% Perform special projects as directed by management.

Qualifications & Requirements:

  • High school diploma with three years insurance experience required

  • Associates or Bachelor's degree preferred

  • Prior professional liability underwriting experience desired but not required

  • Understanding of insurance terminology, and insurance and underwriting principles preferred

  • Proficiency with Microsoft Office Suite

  • Excellent organizational and interpersonal skills

  • Self-motivated and able to accomplish multiple tasks in a timely manner

  • Accomplished written and verbal communication skills

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Associate Underwriter

Proassurance Corporation