Primary Job Duties & Responsibilities
(May include all or the majority but not limited to these components): Sets strategy for rate adequacy, product and pricing within assigned large zone/region /segment to maximize profit. Participates in the BU's strategic business planning activities to ensure the underwriting philosophy and practices for zone/region/segment are consistent with business unit goals.
Identifies trends and emerging issues. Closely monitors underwriting results for the larger region/zone/segment and partners with field management to take action as needed. Drives larger zone/region/segment national underwriting strategy based on sound analysis of financial trends, territorial needs and marketplace dynamics. Other duties as assigned.
Under limited supervision, works closely with Chief Underwriting Officer and senior leaders to develop underwriting strategy for multiple segments, a large segment, and/or multiple regions. Has high level of responsibility for the management of the underwriting process with assigned geographic region or segment.
Drives and communicates sound underwriting strategies and underwriting standards through the organization. Ensures that underwriting results enhance overall profitability, growth and retention of business. This job typically acts as a direct manager.
15+ years of Underwriting and Product experience.
Education, Work Experience & Knowledge
12+ years of underwriting experience preferred. CPCU designation preferred.
10 years of underwriting experience required.
The Travelers Companies