Property Underwriter

Property Underwriter

The Property Underwriter is responsible for managing a portfolio of accounts and driving new and renewal business opportunities for Property insurance. The role assesses risks associated with insuring properties and liabilities, evaluates applications, analyzes data, and determines coverage terms and premiums to ensure sound underwriting decisions. They develop and maintain underwriting practices and guidelines as per delegated authority and build relationships with brokers and other stakeholders in the designated portfolio.

Job Responsibilities:

• Underwrite new and renewal property business, reviewing policy forms, broker endorsement requests, and supporting documentation in accordance with company underwriting guidelines; obtain additional information as needed.
• Evaluate risks to determine whether to accept, modify, or decline submissions, considering factors such as property value, location, occupancy, construction type, protection features, and overall risk profile.
• Establish appropriate coverage limits, pricing, terms, and conditions based on risk assessment and underwriting standards, while actively managing a property portfolio.
• Deliver high-quality service for new business and renewals, demonstrating technical expertise, professionalism, and adherence to underwriting authority.
• Identify and analyze property exposures, ensuring compliance with state regulations and carrier guidelines.
• Develop premium forecasts and business plans to support production goals and profitability targets.
• Maintain and strengthen broker relationships, collaborating to manage submission flow, quotes, binds, and policy issuance with accuracy and timeliness.
• Build long-term partnerships with brokers within the assigned portfolio to develop tailored property insurance solutions.
• Drive new business opportunities, maximize retention, and ensure timely renewal reviews to achieve business objectives.
• Participate in marketing and business development activities, including industry events and training, while staying informed on property market trends and underwriting developments.
• Remain current on emerging property risks, industry trends, terminology, and regulatory changes, adjusting underwriting strategies accordingly.

Work Experience & Education:

• Bachelor's degree in Risk Management, Business Administration, or related field preferred; equivalent experience considered.
• 2+ years of experience in Property Underwriting required