Analysis Skills, Business Development, Claims Processing, Contract Analysis, Contract Creation, Customer Response, Customer Support/Service, Customer/Client Research, Establish Priorities, High Net Worth, Insurance, Insurance Sales, Insurance Underwriting, Marketing, Multitasking, Negotiation Skills, Policy Development, Presentation/Verbal Skills, Pricing, Problem Solving Skills, Product Pricing, Resolve Customer Issues, Risk, Team Player, Time Management, Underwriting, Writing Skills
As a Custom Solutions Senior Underwriter, you are accountable for working with Premier Underwriters to find solutions (admitted or non-admitted) for exposures that do not fit into a standard Personal Lines program. This includes evaluating requests for bespoke solutions with customized language and incidental commercial policies for our Premier accounts. We also provide solutions for certain international policies along with acting as a resource and contact for commercial exposures as a part of our Expanded Capabilities approach.
Key Responsibilities:
- Underwrite and Account Analysis of Surplus lines and some commercial lines policies used for personal lines clients. Review business, including the evaluation and acceptance/declination, of new, endorsement, and renewal business transactions consistent with Personal Risk Services, PRS, strategies, surplus lines, and commercial requirements as appropriate. Follow prescribed underwriting guidelines within the scope of assigned underwriting authority.
- Service, including adherence to departmental service procedures and workflows, as well as responding to our customers needs in a way that further differentiates and enhances the Chubb brand.
- Demonstrate a strong understanding of contracts and be able to work with Product and General Counsel to create bespoke products or manuscripts.
- Engage in successful agency management including working with referral underwriters and Business Development Managers, BDMs, to coordinate account responses, filtering new business, and reinforcing how to work with Custom Solutions. This will include monitoring trends and communicating to the underwriting team regularly.
- Leverage technical expertise in the underwriting and pricing of all Chubb Custom Solutions products.
- Analyze customer information and make specific recommendations for additional coverage and services.
- Obtain quotes and assist producers with coverage options for exposures written outside of Masterpiece, Chubbs proprietary policy administration and forms system.
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
- Strong understanding of PRS and commercial lines pricing strategies, products, and services
- Advanced understanding of definitions, coverages, and exclusions of an insurance contract
- Fully developed analytical skills to create contract and underwriting solutions for complex risks
- Advanced collaboration and negotiation skills
- Critical thinking and innovative problem-solving skills
- Complex technical underwriting skills
- Strong written and verbal communications skills
- Strong history of results and customer service orientation
- Ability to multi-task and independently prioritize competing priorities within given time constraints
- Ability to develop strong Producer, Home Office Underwriting, Marketing, Regional, and Branch Manager relationships that drive results
Education and Experience:
- Bachelors degree or equivalent experience required
- Minimum of 4+ years of underwriting experience required
- Solid knowledge of personal lines high-net-worth underwriting and insurance industry theories and practices preferred
- Knowledge of surplus lines preferred
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Chubb Ltd
Chubb is the world’s largest publicly traded property and casualty insurance company and the largest commercial insurer in the U.S.
With operations in 54 countries and territories, we are a major personal lines writer, as well as a leading middle market, small commercial and large industrial commercial insurer, providing a wide range of traditional and specialty coverages.
As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. And we combine the precision of craftsmanship with deep experience to conceive, craft and deliver the very best insurance coverage and service to individuals and families and to businesses of all sizes.
Our products and services are distributed through brokers, independent agents, exclusive agents and various forms of direct marketing.
What we deliver:
- Extensive product and service offerings
- Broad distribution capabilities
- Service excellence
- Risk expertise
- Underwriting discipline
- Exceptional financial strength
- Local operations globally