Production Underwriter - West Region

As a Production Underwriter at CompScience, your primary responsibilities will include evaluating and pricing workers' compensation insurance using advanced AI tools. You will determine eligibility for new and renewal policies, prepare premium quotations, and manage agency relationships. Additionally, you'll be addressing the concerns of agents and policyholders while aiming to foster growth and retention of business within your designated territory.

To be a Production Underwriter at CompScience, candidates must have a minimum of 5 years of experience in an insurance organization, specifically with solid knowledge of workers' compensation insurance. Success in this role also requires advanced judgment skills for pricing decisions, strong relationship management capabilities, and the ability to analyze accounts for insurability.

A Production Underwriter contributes to CompScience's mission of preventing workplace injuries by leveraging innovative AI-powered underwriting tools to ensure accurate pricing and eligibility evaluation. By facilitating access to proper insurance coverage, you will help businesses protect their workforce, ultimately playing a vital role in promoting workplace safety and reducing incidents.

CompScience stands out as an innovative startup focused on saving lives through advanced technology and data analytics. Production Underwriters here get to collaborate directly with tech-savvy teams from backgrounds like self-driving car technology, allowing for an exhilarating environment that encourages rapid growth, creative ideas, and the opportunity to make a significant impact in workplace safety.

The compensation for a Production Underwriter at CompScience ranges from $96,000 to $140,000 annually, depending on qualifications and experience. In addition to a competitive salary, the total compensation package includes equity and a range of comprehensive benefits such as health coverage, a 401(k) plan, and generous time-off policies, fostering a well-rounded work-life balance.

When answering this question, highlight your relevant experience in workers' compensation, focusing on specific roles and responsibilities you've held. Discuss the types of policies you've underwritten, the guidelines you've worked under, and any achievements that demonstrate your expertise in this area.

To address this question effectively, you should discuss your analytical approach. Explain the criteria you consider, such as historical data, loss ratios, and risk factors. Mention any tools or methodologies you use for assessment, demonstrating both your technical knowledge and practical application in underwriting.

Discuss your relationship management approach, emphasizing communication, responsiveness, and support. Talk about how you build trust with agents, encourage open dialogues about their needs, and collaboratively work towards business goals.

In your response, share a specific scenario that outlines the challenge, your decision-making process, and the outcome. Highlight the importance of thorough analysis and how your decision impacted both the company and the policyholders positively.

Mention professional associations, continuing education, or training programs you engage in. Emphasize your commitment to keeping up with industry trends and detail how this knowledge has benefited your previous underwriting work.

Provide insights on the impact of technology on efficiency and accuracy in underwriting processes. Discuss any advanced tools or analytics you have experience with, and suggest how technology can be leveraged to improve underwriting practices in the future.

Explain your approach to resolving discrepancies diplomatically. Stress the importance of communication, detailed inquiry, and thorough documentation to clarify misalignments, ultimately focusing on how you work towards a solution that maintains strong working relationships.

Discuss key metrics like loss ratios, policy retention rates, and profitability. Explain how understanding these metrics aids decision-making and performance reviews, showcasing your analytical skills and focus on results.

Respond by detailing your experience with various pricing models and how you perform cost-benefit analyses to develop competitive premiums. Discuss how you've used market data and risk assessments to shape your pricing strategies effectively.

In your answer, express your enthusiasm for joining CompScience, highlighting alignment with the company's mission and your commitment to safety through technology. Share what excites you about the specific role and how you can contribute to the company's innovative culture.