Coverys · 1 week ago
UWI - Alternative Markets
United States
Full-time
Remote
Entry Level
$72K/yr - $98K/yr
2+ years expCoverys is a company that specializes in insurance solutions, and they are seeking an Underwriter I to evaluate new and renewal risks. The role involves assessing risks, adhering to underwriting guidelines, communicating with clients, and managing a profitable portfolio.
AnalyticsInsuranceInsurTechMedicalRisk Management
Responsibilities
Evaluate submissions to determine acceptability of risks in accordance with company guidelines and standards. Determine proper coverage, pricing, limits and terms based on exposure
Understand and follow the applicable underwriting guidelines, policies, and procedures to maintain consistency and adherence to industry regulations. Operate within assigned letter of underwriting authority
Interact with customers, agents, and brokers to gather necessary information and to clarify underwriting requirements. Negotiate policy terms. Participate in stewardship meetings
Utilize analytical tools to evaluate exposure and understand the driver of claims
Drive a multi-disciplinary approach to understanding insureds’ risks. Collaborate with other underwriters and team members to gain a comprehensive understanding of the exposure and best means to provide coverage
Maintain accurate and detailed records of underwriting decisions and communication with both internal and external parties. Responsible for documenting the underwriting process and decisions of assigned policies
Manage profitability, risk characteristics, submission flow, agent/broker relationships and customer service of assigned territory. Exhibit knowledge of insurance and health care industries and other companies underwriting similar coverage
Assist in marketing activities
May participate on projects
Qualification
Required
Medical Professional Liability underwriting experience required
Strong analytical skills
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, governmental regulations, underwriting guidelines and manuals, bylaws, financials, articles of organization, loss runs, Joint Commission reports and other industry reports
Ability to write reports and business correspondence
Proficiency with Microsoft Office suite of programs
Comfortable and effective in presenting information and responding to questions from groups of managers, clients, customers, and the general public
Ability and willingness to travel up to 20% of the year
Preferred
Bachelor's degree from four-year college or university preferred; or two to five years related experience and/or training; or equivalent combination of education and experience
Willingness to complete requirements of the CPCU or RPLU designation is preferred
Company
Coverys
Coverys provides medical professional liability insurance, data analytics, and risk management services.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
unknown2023-11-16Acquired
Leadership Team
Joseph G Murphy
President & CEO
Eric Crockett
Sr. Vice President, Information Technology
Recent News
2025-08-13
Business Wire
2024-02-08
Company data provided by crunchbase