Underwriter

Cowan Insurance Group; Cambridge; Hybrid; CAD 60,000 - 80,000; Full time

Job summary

Cowan Insurance Group invites applications for the Underwriter role to join their Broker Services Team. This position entails underwriting personal and commercial accounts, analyzing risks, and helping to develop new products. The ideal candidate will have 3-5 years of relevant experience and strong communication skills in a vibrant, collaborative environment of a top insurance firm.

Benefits

Comprehensive benefits plan

Company-matched Retirement Savings Plan

Company-paid training and development courses

Community involvement

Hybrid work environment

Qualifications

• Previous experience in underwriting personal and commercial accounts.
• Knowledge of regulatory and market trends.
• Ability to clearly communicate data and recommendations.

Responsibilities

• Underwrite personal and commercial accounts according to guidelines.
• Analyze risk exposures for profitability.
• Maintain relationships with broker networks.

Skills

Attention to detail

Communication

Risk analysis

Organizational skills

Education

3-5 years underwriting experience in Personal or Commercial Insurance

Tools

BVS

TUW

Job description

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Cowan Insurance Group is looking for a highly qualified Underwriter to join our Broker Services Team! This role is reporting to the Manager, Broker Services. The Underwriter is part of a team responsible for underwriting the personal and commercial accounts, including marine pleasure craft, self-storage, and high-risk residential programs.

What you will do :

• Underwrite in accordance with the internal guidelines and rules applicable to the programs, provide quotes on new business, process renewals, policy changes and cancellations
• Review coverages, products, and trends to aid in the development of products and offerings
• Develop and maintain relationships with the broker networks
• Assist management in the implementation of new programs, new systems, and new procedures
• Participate in process and product improvement and documentation, program audits, annual program reviews, carrier relationship building, systems changes and claims
• Analyze risk exposures and determine appropriate pricing and coverage terms to ensure profitability and compliance
• Collaborate with actuarial, claims, and product development teams to refine underwriting strategies and guidelines
• Monitor portfolio performance and identify trends or emerging risks that may impact underwriting results
• Prepare, present and collaborate on reports and recommendations to management regarding underwriting performance and product development teams to refine underwriting strategies and guidelines
• Participate in industry events, training sessions, and continuing education to stay current with market trends and regulatory changes

What you will bring :

• Previous underwriting experience in Personal Insurance or Commercial Insurance required (3-5 years minimum)
• Knowledge of various underwriting tools is an asset such as BVS, TUW etc.
• Lloyds cover holder processes and bordereaux experience is an asset
• Knowledge of boats and marine coverage would be an asset (either power or sail)
• Knowledge of high risk residential, personal and commercial policy forms is an asset
• The ability to clearly and confidently communicate ideas, data, and recommendations to diverse audiences, both written and oral, including tailoring content to the audience, engaging listeners, and handling questions with poise
• High level of self-motivation with ability to perform effectively independently.
• Attention to detail to process large volume of transactions accurately with high organizational and documentation skills
• Ability to analyze potential areas of improvement, efficiencies, and coverage / product opportunities
• Excellent computer skills and knowledge of MS Office products
• RIBO license or ability to obtain is an asset
• Working towards CIP designation is an asset

Who we are :

Proudly independent and Canadian-owned, Cowan Insurance Group has been a true market leader in the insurance industry since 1927. With an extensive range of product offerings and integrated commercial and personal insurance, group benefits, and wealth management solutions, we provide our clients with outstanding customized, comprehensive insurance and risk management professional advice and placement.

Recognized as one of Canada's Most Admired Cultures and a Canada's Best Managed Companies Platinum Club Member, Cowan Insurance Group's award-winning client-centric approach emphasizes innovation, excellence, and collaboration. Join our team as we prepare for our centennial celebration in 2027!

What sets us apart?

Integrity matters. It drives our award-winning workplace culture and fuels our collective desire to help our clients, employees, and communities thrive.

Challenge your thinking

You're valued for your passion, drive and creativity. The pace is fast, but the work is meaningful, interesting, and complex, just the way you like it.

Grow together

We believe in your potential. If you’re looking to develop your expertise with learning opportunities and mentoring, we’ll make that happen.

Benefits and perks

• Participate in our comprehensive benefits plan on day one — no waiting period
• Company-matched Retirement Savings Plan
• Company-paid training and development courses
• Community involvement
• Hybrid work environment

Are you interested?

Please Apply!

This position is subject to appropriate background checks that may include credential, employment, credit, criminal and reference checks.

While we appreciate the interest of all applicants, we will contact only those selected for interviews. If you are an applicant with disabilities and require accommodations, please let us know at the time of our contact so that we may arrange for their provision.

We are an Equal Opportunity Employer. Candidates will be selected strictly on the basis of an individual's technical qualifications, knowledge and experience, as they relate to the requirements of a particular position. Selections will be made without regard to : age, ancestry, colour, race, citizenship, ethnic origin, place of origin, creed, disability, family status, marital status, gender identity, gender expression, record of offences, sex, sexual orientation.

LI-Hybrid

Seniority level

Seniority level

Associate

Employment type

Employment type

Full-time

Job function

Job function

Sales, General Business, and Strategy / Planning

Insurance, Insurance Agencies and Brokerages, and Insurance and Employee Benefit Funds

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Underwriter • Cambridge, Region of Waterloo, Canada