Underwriter / Senior Underwriter, A&H

Chubb; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading insurance company in Ontario, Canada, is seeking an Underwriter to partner with the Business Development Team. Responsibilities include assessing risks for new and renewal applications, negotiating coverage and premiums, and ensuring policy accuracy. Candidates should have a university degree, relevant experience in the insurance sector, and strong analytical skills. This position offers opportunities for professional growth and development.

Qualifications

• Completion of University degree or equivalent work experience.
• Enrollment in Industry courses for professional designation.
• 3 to 5 years of experience in Life or Special Risk insurance.

Responsibilities

• Underwrite and service accounts by assessing new and renewal business.
• Negotiate coverage and premiums.
• Ensure timely processing of premium and issuance of policies.

Skills

Negotiation abilities

Strong oral and written communication

Time management

Analytical skills

Risk underwriting skills

Education

University degree or equivalent work experience

Professional industry designation (CEBS, FLMI)

Tools

Microsoft Office Suite

Job description

Overview

Key Objective : The Underwriter is responsible for partnering with the Business Development Team to profitably grow revenues through prudent risk evaluation and rating.

This position is responsible for evaluating risk within their delegated authority and according to corporate / departmental guidelines in line with business and strategic objectives while maintaining service levels.

Responsibilities

• Underwrite and service accounts: Review, assess and evaluate detailed information to determine insurability of applications for new and renewal business, reinstatements and changes to existing policies.
• Negotiate coverage and premiums.
• Ensure timely processing of premium and issuance of policy documents.
• Complete file in accordance with Chubb Standards, ensuring data accuracy.
• Act within delegated authority.
• Develop recommendation and rationale for situations which fall outside of the authority level of this position and advance through the referral process.
• Conduct self audits.
• Provide department with information on market trends and changes – for example, policy coverage changes and restrictions being implemented by competitor markets and regulatory bodies.
• Comply with Underwriting methods and policy.
• Participate in developing, enhancing and maintaining underwriting methods and techniques in order to achieve underwriting goals in a cost-effective manner.
• Responsible for awareness of and identifying competitive position in the market for product, price and service to ensure business strategies remain competitive.

Qualifications

• Completion of University degree (or equivalent work experience)
• Enrolment in Industry courses and working towards professional industry designation (e.g. CEBS, or FLMI).
• 3 to 5 years of experience in the Life or Special Risk insurance industry preferred.
• Proficiency in Microsoft Office Suite (Excel, Word, Outlook).
• Strong oral and written communication skills as well as negotiation abilities.
• Effective time management skills.
• Ability to work both independently and in a team environment depending on the situation.
• Comfort in working in a deadline oriented atmosphere.
• Demonstrated analytical and risk underwriting skills.