Renewal Underwriter

As a Renewal Underwriter at Hull & Company, your main responsibilities will include reviewing and analyzing renewal insurance applications, underwriting renewal accounts, and evaluating new business applications. You'll actively assess risks using various documentation such as application forms and inspection reports to determine the suitability for coverage. Additionally, you'll market and cultivate relationships with retail agency customers to enhance business opportunities.

To apply for the Renewal Underwriter position at Hull & Company, a bachelor’s degree is preferred, or equivalent experience in the insurance field. Specifically, candidates should possess at least five years of insurance experience, with two years in an underwriting assistant role. Relevant licenses such as P&C State licensed and a desire to pursue CIC or CPCU designations will also boost your application.

Candidates for the Renewal Underwriter role at Hull & Company should have proficiency in MS Office applications. Strong analytical skills and the ability to interpret complex insurance documents are also crucial. Effective communication and an exceptional telephone demeanor are required to build and maintain client relationships as you navigate the underwriting processes.

Hull & Company is committed to the growth of its employees, providing ongoing training and mentorship for Renewal Underwriters. You will receive guidance from experienced Underwriters/Brokers, participate in skill enhancement programs, and have the opportunity to pursue advanced industry designations like CIC or CPCU. This supportive environment is designed to ensure your success and expertise in the insurance sector.

At Hull & Company, Renewal Underwriters enjoy a comprehensive benefits package that includes health benefits such as medical, dental, and vision care, along with life and disability insurance. Financial support features include a 401k plan, employee stock purchase program, and tuition reimbursement. Additionally, we focus on mental health and wellness through enhanced advocacy services, ensuring our teammates' overall well-being.

When assessing risk for renewal applications, I take a multi-faceted approach, first reviewing the application details, such as the applicant's financial status and history. Then, I examine supporting documents like inspection reports and medical data, applying my understanding of underwriting principles to accurately classify and rate risks.

I prioritize my tasks by using organizational tools to track deadlines and status updates. By breaking down tasks into manageable parts and ensuring thorough document review, I maintain accuracy even under pressure. I also communicate proactively with my team to ensure everyone is aligned on timelines.

The most challenging aspect of underwriting renewal applications often lies in balancing risk assessment with client needs. Ensuring that we provide the best coverage while mitigating exposure requires thorough analysis and strong negotiation skills, as well as a keen understanding of the clients' industries.

In my previous role, I worked closely with brokers and agents to analyze a complex renewal case that had significant risk factors. By fostering open communication and sharing insights, we reached a consensus on coverage terms that satisfied our client's needs while minimizing our exposure, resulting in a successful outcome.

I actively engage in industry webinars, subscribe to relevant publications, and participate in professional networks to stay updated on the latest trends and regulations. This ongoing learning allows me to apply the most current practices in my underwriting duties.

I would approach training a new team member by first assessing their existing knowledge and then providing tailored guidance. I would offer hands-on training, share resources, and encourage questions to foster confidence and competence in their new role while creating a supportive learning environment.

I have over three years of experience in excess and surplus lines underwriting, having worked with various types of risks. This experience has equipped me with a solid understanding of niche markets and the ability to evaluate unique risk factors that differ from standard lines.

I ensure compliance with all applicable laws and regulations by meticulously reviewing guidelines and staying informed about local and federal regulatory changes. Regular audits of my work also help maintain adherence to compliance standards while upholding the integrity of the underwriting process.

I am motivated by my desire to deliver excellent service to clients while refining my analytical skills. The challenge of solving complex problems and providing effective solutions in the underwriting process drives me to continuously improve and achieve both personal and team goals.

In handling conflicts with clients or brokers, I maintain a calm and professional demeanor, aiming to understand the root of the issue. I actively listen, clarify any misunderstandings, and work collaboratively towards a mutually beneficial solution while always keeping the client's best interests in mind.