Chubb
Underwriter, Management Liability
Chubb, Chicago, Illinois, United States, 60290
Job Description
The Underwriter's primary responsibility is to underwrite individual risks of public companies to provide Director & Officers Liability, Employment Practices Liability, Fiduciary Liability, and other insurances. The individual will underwrite risks through a demonstration of the following skills and abilities:Fundamentals of coverage, terms, and conditions
Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the customer's needs.
Risk Assessment
Ability to identify risk exposures, special or common hazards, and appropriate controls.Ability to select risk based on exposure and risk analysis.Conduct exploratory research into customers' operations and industries. Ability to analyze claims and quantify losses.
Financial proficiency
Understanding of financial statements and ratios used in risk analysis.Understanding insurance financial fundamentals and the impact of underwriting decisions on company assets.Ability to understand credit risks, including credit metrics and debt covenants.
Marketing and Communications
Ability to sell and negotiate to achieve bottom-line profitability for the Company.Ability to make presentations and communicate articulately.Ability to base communications on strategic thinking.Ability to manage producer strategy.
Systems and programs
Ability to use systems and software programs needed to conduct daily business.
MAJOR DUTIES & RESPONSIBILITIES: Duties may include but are not limited to:
Solicits new and renewal submissions from brokersDetermines terms and conditions and complex rating plans Binds coverageDocuments the underwriting filesHandles more complex files and portfolios within underwriting authorityDevelops current and new relationships with local brokersQualifications
Knowledge of the insurance industryMicrosoft Word, Excel, and OutlookOral and written communication skillsNegotiation and marketing skills1-3 years of Underwriting experience or related experienceCollege Degree or related experience
About Us
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
The Underwriter's primary responsibility is to underwrite individual risks of public companies to provide Director & Officers Liability, Employment Practices Liability, Fiduciary Liability, and other insurances. The individual will underwrite risks through a demonstration of the following skills and abilities:Fundamentals of coverage, terms, and conditions
Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the customer's needs.
Risk Assessment
Ability to identify risk exposures, special or common hazards, and appropriate controls.Ability to select risk based on exposure and risk analysis.Conduct exploratory research into customers' operations and industries. Ability to analyze claims and quantify losses.
Financial proficiency
Understanding of financial statements and ratios used in risk analysis.Understanding insurance financial fundamentals and the impact of underwriting decisions on company assets.Ability to understand credit risks, including credit metrics and debt covenants.
Marketing and Communications
Ability to sell and negotiate to achieve bottom-line profitability for the Company.Ability to make presentations and communicate articulately.Ability to base communications on strategic thinking.Ability to manage producer strategy.
Systems and programs
Ability to use systems and software programs needed to conduct daily business.
MAJOR DUTIES & RESPONSIBILITIES: Duties may include but are not limited to:
Solicits new and renewal submissions from brokersDetermines terms and conditions and complex rating plans Binds coverageDocuments the underwriting filesHandles more complex files and portfolios within underwriting authorityDevelops current and new relationships with local brokersQualifications
Knowledge of the insurance industryMicrosoft Word, Excel, and OutlookOral and written communication skillsNegotiation and marketing skills1-3 years of Underwriting experience or related experienceCollege Degree or related experience
About Us
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.