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.

Major duties and 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.
  • Completes 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.