Insurance Underwriter Analyst

• Evaluate insurance applications by analyzing risk factors, financial information, claims history, and supporting documentation.
• Assess and determine the acceptability of insurance risks based on underwriting guidelines and company policies.
• Approve, modify, or decline insurance applications within assigned underwriting authority.
• Determine appropriate coverage, policy terms, limits, exclusions, deductibles, and premium rates.
• Review policy renewals, endorsements, cancellations, and reinstatements.
• Conduct risk assessments and recommend measures to minimize potential losses.
• Coordinate with brokers, agents, clients, and internal departments to obtain additional information and clarify underwriting requirements.
• Monitor underwriting portfolio performance and identify trends affecting profitability and risk exposure.
• Ensure compliance with regulatory requirements, company policies, and industry standards.
• Maintain accurate underwriting records and documentation in the company\'s systems.
• Support product development by providing market insights and underwriting recommendations.
• Collaborate with Claims, Sales, Risk Management, and Compliance teams to ensure effective policy administration.
• Participate in continuous process improvements to enhance underwriting efficiency and service quality.

Key Responsibilities

• Evaluate insurance applications by analyzing risk factors, financial information, claims history, and supporting documentation.
• Assess and determine the acceptability of insurance risks based on underwriting guidelines and company policies.
• Approve, modify, or decline insurance applications within assigned underwriting authority.
• Determine appropriate coverage, policy terms, limits, exclusions, deductibles, and premium rates.
• Review policy renewals, endorsements, cancellations, and reinstatements.
• Conduct risk assessments and recommend measures to minimize potential losses.
• Coordinate with brokers, agents, clients, and internal departments to obtain additional information and clarify underwriting requirements.
• Monitor underwriting portfolio performance and identify trends affecting profitability and risk exposure.
• Ensure compliance with regulatory requirements, company policies, and industry standards.
• Maintain accurate underwriting records and documentation in the company\'s systems.
• Support product development by providing market insights and underwriting recommendations.
• Collaborate with Claims, Sales, Risk Management, and Compliance teams to ensure effective policy administration.
• Participate in continuous process improvements to enhance underwriting efficiency and service quality.

Qualifications

• Bachelor\'s Degree in Business Administration, Finance, Risk Management, Insurance, Economics, Accounting, or a related field.
• Minimum of 13 years of experience in insurance underwriting or a related insurance function.
• Knowledge of insurance principles, underwriting practices, risk assessment, and policy administration.
• Familiarity with insurance regulations and industry standards.
• Strong analytical and critical thinking skills.
• Excellent communication, negotiation, and interpersonal skills.
• Proficient in Microsoft Office applications and insurance underwriting systems.
• High attention to detail and accuracy.
• Ability to make sound decisions while managing multiple priorities in a fast-paced environment.