Insurance Underwriter M

Taking care of our customers, our communities and each other. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. the skills, education, training, credentials and experience of the candidate; As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.
Target Openings
InsuraMatch is a national independent agency, owned by Travelers Insurance, that has launched a new business division focusing on commercial lines business with an Excess and Surplus lines focus. The new venture has become a key strategy for the agency as it seeks to diversify its business operations and help advance key strategic objectives of Travelers. As a Wholesale/E&S Commercial Lines Underwriter you will be primarily responsible for working with appointed Travelers Retail Agents to evaluate individual commercial lines risk applications for underwriting acceptability and pricing determinations. Underwriters play a key role in managing the overall risk portfolio and profitability of the Wholesaler’s business through rigorous evaluation of individual risk and pricing elements of all new, renewal and endorsement business submissions.
Develop comprehensive understanding of state by state underwriting strategies and regulatory requirements.
Evaluate individual submissions for completeness and request additional documentation necessary for the evaluation and processing of an application, endorsement or cancellation.
Apply appropriate terms and conditions and document underwriting and pricing decision rationale.
Form a holistic view of each account and its risk and profitability prospects by marrying publicly available data sources with submitted documentation to properly evaluate risk, make pricing considerations, and apply underwriting judgment.
Prepare premium quotations for new and renewal business risk submissions.
5 plus years of Commercial Line Underwriting Experience
~ Insurance Industry designations are.

2 years of Insurance, Underwriting, MGA or program business experience

• Comprehensive knowledge of Commercial Lines insurance coverage forms and their application
• Working knowledge of applicable Insurance Department regulations and policies
• Health Insurance : Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.

Retirement: When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.