Coverys · 6 days ago
UWI - Alternative Markets
Boston, MA
Full-time
Hybrid
Entry Level
$72K/yr - $98K/yr
2+ years expCoverys is a company focused on providing insurance solutions, and they are seeking an Underwriter I. The role involves evaluating risks, adhering to underwriting guidelines, and managing a profitable portfolio in the assigned territory.
AnalyticsInsuranceInsurTechMedicalRisk Management
Responsibilities
Risk evaluation. Evaluate submissions to determine acceptability of risks in accordance with company guidelines and standards. Determine proper coverage, pricing, limits and terms based on exposure
Guideline adherence. 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
External communication. Interact with customers, agents, and brokers to gather necessary information and to clarify underwriting requirements. Negotiate policy terms. Participate in stewardship meetings
Data analysis. Utilize analytical tools to evaluate exposure and understand the driver of claims
Collaboration. 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
Documentation. 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
Portfolio Management. 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
Marketing. Assist in marketing activities
Project work. 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
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