WSIA Intern

Penn-America Bala Cynwyd, Pennsylvania


Description

In this role, the intern will gain valuable, practical and fundamental commercial underwriting experience that can be applied to any future underwriting career path.

Responsibilities & Duties may include the following:

  • Learning fundamental principles of property & casualty underwriting
  • Gaining understanding of the wholesale distribution channel
  • Obtaining exposure to the Surplus Lines industry of freedom of rate and form
  • Gaining perspective on how to research and gather facts on individual risks in order to evaluate the risk’s operations and how it impacts underwriting decisions
  • Evaluating, assessing and applying core underwriting techniques to individual risks to determine acceptance, declination or modification of terms in accordance with established company guidelines
  • Underwriting and handling endorsement requests, premium audits issues, cancellation and reinstatements, etc.
  • Shadowing experienced underwriters and underwriting assistants
  • Ordering of property inspections and working with underwriters to triage risks
  • Working collaboratively with other underwriters in the unit to maintain our service response time standard
  • Prompt response to phone calls and emails
  • Potential in-city travel to accompany a production underwriter in their marketing calls
  • Other duties as assigned

 Requirements & Qualifications

  • Pursing Bachelors’ degree with insurance or business concentration; ideal candidate will have completed Junior year, but open to other classes as well
  • Prior experience in insurance and or general business a plus
  • Strong computer skills with proficiency in Microsoft Office Products (Word, Excel, etc.) Willingness and ability to learn new applications quickly
  • Excellent interpersonal and communication skills; the ability to interact professionally with a wide variety of individuals
  • Excellent organizational and time management skills