The Underwriter is primarily responsible for the risk selection and appropriate pricing of renewal and new business that includes small, medium, and large medical groups, hospitals, community health centers, and various programs. This position works with varying stakeholders internally and externally, including prospective members and broker partners.
Responsibilities include but are not limited to the following:
- Performs technical underwriting for renewal and new business accounts, which includes claims history analysis, investigating and reviewing exposure information, making and communicating approval/denial decisions, reviewing and assessing coverage needs or drafting endorsements.
- Performs company policy services, including various correspondence with members and broker partners, policy documents review, and drafting policy endorsements.
- Develops and maintains a working knowledge of underwriting guidelines, policy types, coverages, rules, rates and forms, as well as competitors’ policies and rates to actively participate in suggesting modifications, new policies, or programs
- Produces loss ratio that aligns with the Company’s strategic goals
- Maintains and enhances relationship with the broker partners with consistent communication and travel to meet in person
- Organizes and leads in onboarding calls, renewal, and new business meetings with current and future members
- Attends various conferences such as PLUS and MPL Association underwriting workshop to represent the company’s Underwriting department
- Collaborates with other internal departments to provide comprehensive underwriting solutions
- Responds to underwriting inquires timely within the Company’s services standards
- Performs other duties and responsibilities as required
- A 4-year college degree or equivalent work experience.
- 3+ years of medical professional liability underwriting experience. Strong insurance experience in other non-medical lines of business, such as General Liability, Management Liability or other Commercial Liability is desired.
- Chartered Property Casualty Underwriter designation (CPCU) and/ or Registered Professional Liability Underwriter (RPLU) designation is a plus.
- Knowledge of underwriting principles and insurance policies is required.
- Strong written and verbal communication skills with the ability to provide concise reports, referrals and summaries to senior management.
- Demonstrates negotiation, analytical and critical decision-making skills
- Excellent interpersonal skills with the ability to present effectively to large or small groups.
- Demonstrates technical ability to work with Microsoft Office
- Ability to identify, analyze, and solve problems as well as adapt quickly to change.
- Excellent planning, time management, and prioritization skills.
- Strong commitment to customer service, quality, and working in a collaborative team environment.
At Physicians Insurance, you’ll find an exceptional hybrid work environment, and the opportunity to work for an industry leader whose programs have a positive impact on insurance and healthcare.
The salary range for this position is $85,800 to $128,600. Starting salary is determined by several factors, including job-related skills, experience, and relevant education or training. This position is also eligible for an annual company bonus at an incentive target level of 8%.
We also offer a comprehensive benefits program, including a generous retirement program and Paid Time Off.