This role involves underwriting new business opportunities, building relationships with retail agents, and facilitating coverage solutions that align with carrier guidelines and market conditions.
Responsibilities:
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Underwriting New Business:
- Evaluate, price, and structure insurance coverage for new business submissions.
- Ensure compliance with carrier guidelines, regulations, and company policies.
- Assess risks and provide competitive solutions tailored to client needs.
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Agent Relationships:
- Build and maintain strong relationships with retail agents.
- Provide guidance on market conditions and coverage options.
- Act as a resource for agents, helping them navigate complex risks.
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Carrier Relationships:
- Collaborate with carriers to negotiate terms, secure competitive pricing, and obtain necessary approvals.
- Stay informed about carrier appetite, products, and underwriting updates.
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New Business Development:
- Identify opportunities to grow the book of business by prospecting new retail agent relationships.
- Develop and execute strategies to drive profitable growth.
- Conduct training sessions and presentations to educate agents on products and services.
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Market Expertise:
- Stay updated on industry trends, regulatory changes, and emerging risks.
- Provide insights to retail agents and carriers to maintain a competitive edge.
Skills and Qualifications:
- Proven underwriting experience in commercial insurance, preferably in a wholesale environment.
- Strong analytical and decision-making skills.
- Excellent communication and relationship-building abilities.
- Knowledge of carrier markets and appetite.
- Proficiency in insurance systems and software.
- Ability to work independently and collaboratively in a fast-paced environment.