Underwriter

Underwriting Boca Raton, Florida


Description

Position at Clear Spring Property and Casualty Company

Group1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Clear Spring Property and Casualty Company

Company Overview

Clear Spring Property and Casualty is a leading provider of property and casualty insurance. Our future-forward strategy is rooted in deep industry knowledge and a mastery of emerging technologies. Clear Spring Property and Casualty Company is a subsidiary of Delaware Life Insurance Company and its parent company, Group1001. Our relationship with these organizations has yielded an innovative technology platform that provides smarter risk management solutions for property and casualty insurance brokers. Clear Spring is dedicated to Group1001's mission: making insurance more useful, intuitive and accessible for everyone. We’re confident in our forward-thinking products, and that you’ll love partnering with us.

Position Summary:

The Underwriter will be responsible for the assessment of risk for new and renewal business, creating and maintaining a competitive, profitable pricing strategy and ensuring the sustainable growth of company.  The Underwriter will examine and utilize information such as insurance applications, websites, inspection reports, loss information, financial data, and third-party information to evaluate degree of risk in accordance with company’s underwriting guidelines. 

 Duties and responsibilities:

  • Evaluates information to make decisions within delegated underwriting authority to accept risks as submitted, accept risks with coverage modifications, or to decline risks, and prices risks appropriately in accordance with delegated authority and company’s standards. Prices risks per company standards and within authorized financial range.
  • Documents decisions in accordance with regulatory standards and company policy.
  • Acts with a sense of urgency on all inquiries/requests.
  • Provides outstanding customer service by building effective working relationships with external customers and internal company staff.
  • Effectively communicates with customers the appropriate level of information to ensure understanding of company direction.
  • Completes file audits within company guidelines to ensure compliance to underwriting and pricing standards.

 Experience requirements:

  • 2-5 years underwriting experience in the workers’ compensation field.
  • Strong analytical skills in evaluating financial risk.
  • Knowledge of commonly-used concepts, practices, and procedures within the insurance industry.
  • Proven ability to build strong working relationships with customers and internal staff.
  • Strong negotiation skills based on risk evaluation, market conditions, and other variables.

 Education requirements:

Bachelor's Degree required.  AU, CIC, ARM, or CPCU designation preferred.  Actuarial experience a plus.