Munich Re Specialty - North America · 1 day ago
Insurance Programs Underwriter
Philadelphia, PA
Full-time
Hybrid
Senior Level, Lead/Staff
$138K/yr - $231K/yr
10+ years expMunich Re Specialty - North America is a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise. The role of Insurance Programs Underwriter involves managing and administering insurance programs, including underwriting and monitoring to achieve profitability goals while fostering professional relationships with clients.
Insurance
Responsibilities
Underwrite and monitor various lines and classes of insurance program business while achieving profitability targets
Maintain professional relationships with existing or prospective clients, including MGAs, brokers, fronting carriers, captive managers, etc
Develop new or potential program business clients, including cultivating current and prospective client relationships, understanding their business needs, and performing initial vetting of opportunities
Develop monitoring program/schedule to administer existing insurance programs, which includes results monitoring, audits, referrals, and program expansion
Establish/maintain production/underwriting strategies for assigned programs
Possess a clear understanding of our underwriting guidelines and pricing guidelines; maintain an in-depth knowledge of all tools and models used in the underwriting process; maintain compliance with Corporate Underwriting (CU) and Divisional underwriting guidelines
Handle individual risk referrals within underwriting authority, as appropriate
As directed, serve on 'ad hoc' committees to provide input and assistance to management, i.e., Line of business expert groups
Participate in the development of policy/contract language, underwriting guidelines, and rating plans
Collaborate with actuarial colleagues to develop rating plans and pricing tools when necessary
Qualification
Required
Bachelor's degree
Minimum ten (10) years of Property and Casualty Underwriting experience
Ability to independently lead multi-disciplinary teams including claims, financial, actuarial, operations and legal disciplines who participate as key stakeholder and team members on program business
Proven analytical and problem-solving skills
Strong technical aptitude in general liability and property risks
Strong analytical abilities including mathematics and statistical concepts
Experience managing projects and teams in non-direct reporting relationships
Excellent negotiation skills
Superior communication skills
Effective time management and project management skills related to evaluation of new insurance programs and their in-force management
Strong working knowledge of Microsoft suite of products, especially Excel
Entrepreneurial spirit and a solutions-based approach with the ability for complex problem solving and the desire to be part of an evolving data driven organization
Willingness to travel (: 25%) for client and prospect visits, conferences, audits, etc
Preferred
Insurance carrier underwriting experience in MGA program business
Benefits
Health insurance coverage
Employee wellness program
Life and disability insurance
401k match
Retirement savings plan
Paid holidays
Paid time off (PTO)
Two options for your health insurance plan (PPO or High Deductible)
Prescription drug coverage (included in your health insurance plan)
Vision and dental insurance plans
Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary
Short and Long Term Disability coverage
Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children)
Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)
A robust 401k plan with up to a 5% employer match
A retirement savings plan that is 100% company funded
Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
Eligibility to receive a yearly bonus as a Munich Re employee
A variety of health and wellness programs provided at no cost
Paid time off for eligible family care needs
Tuition assistance and educational achievement bonuses
A corporate matching gifts program that further enhances your charitable donation
Paid time off to volunteer in your community
Company
Munich Re Specialty - North America
Munich Re Specialty combines premier specialty expertise, capabilities, and products to offer partners and customers simplified access to a wide range of specialty insurance solutions and services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Michael Kerner
Chief Executive Officer
Sabrina Hart
President and CEO
Company data provided by crunchbase