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Territory Underwriter

Company: Berkley
Location: Philadelphia
Posted on: November 22, 2021

Job Description:

Company Details: Berkley Luxury Group is an operating unit of W.R. Berkley Corporation, one of Americas largest commercial lines writers in the United states. At Berkley Luxury Group we offer tailored, all-inclusive insurance solutions for luxury condo, co-op, rental properties and fine dining restaurants. We are a team of seasoned underwriting and claim professionals, well versed in the nuances of our two niches. Our specialized expertise has enabled us to maintain a stable approach to the market for over 30 years. We uphold a standard of prompt and fair settlement of claims, and endeavor to treat our insureds and brokers in a partnership like manner. We also have the ability to provide an array of value-added consultative risk management services designed to assist our customers in managing risk. At Berkley Luxury Group, we have a shared vision to be the best in what we do, as evidenced by our reputation amongst our customers and competitors. Responsibilities: Contributes to the achievement of corporate profitability and production results through the growth, development and underwriting of business. The primary responsibility will be new business development and retaining profitable renewals. Under minimal direction, responsible for underwriting risks in a book of business. Independently works within specific limits of authority on assignments utilizing underwriting policies and guidelines, rating manual rules and insurance laws and regulations. Proactively engages in business development activities and build partnerships withthe ultimate goal of soliciting profitable business opportunities. Reviews applications for risks and determines acceptability of risk in accordance with company guidelines and standards and determines the needs for additional evidence of insurability. Requests information needed for underwriting and pricing of assigned new and renewal business. Evaluates, selects, and prices policies for assigned agencies to achieve underwriting profit (within underwriting authority), premium growth, desired business mix, market/agency penetration, and agency management objectives with a focus on new business. Refers risks exceeding authority with recommendations for approval or disposition. Prepares quotes and answers questions from agencies, policyholders or other external contacts and escalates issues as necessary. Negotiates with agents to reach positive and profitable outcomes. Notifies brokers of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations. Develops and manages assigned agency relationships with producers and customers through visitations and regular customer contact. Evaluates the performance of assigned agencies on an ongoing basis to ensure company and agency goals are met. Participates in review and evaluation of agencies and makes recommendations on agency management issues. Communicates corporate goals, programs, underwriting policies, procedures, and guidelines to agents. Monitors production, hit ratios, renewal retention ratios, spread of risk and other production and quality measures. Keeps current on state/territory issues, regulations and trends. May provide guidance and assistance to other underwriters and to other functional areas. May perform other duties as assigned. Qualifications: 3-5 Years of Underwriting experience, P & C exposure preferred Solid knowledge of underwriting and insurance industry theories and practices. Strong written and verbal communication and the ability to effectively interact with all levels of CSM internal and external business partners. Superior skills in relationship building, active listening and win-win negotiating Strong analytical and problem solving skills. Ability to multi-task and to independently prioritize competing demands/requests within given time constraints. Ability to work independently. Ability to exercise independent judgment and effectively make sound business decisions. Proficiency in Microsoft Office Suite. Valid drivers license and good driving record required Additional Company Details: The Company is an equal employment opportunity employer. Additional Requirements: Must be fully vaccinated and remain fully vaccinated against COVID-19. *, unless prohibited by law.

Keywords: Berkley, Philadelphia , Territory Underwriter, Other , Philadelphia, Pennsylvania

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