Senior Health Insurance Underwriter

Accident & Health Underwriting Experience required.

About the Team:

As part of the Corporate Solutions (CorSo), North America, Accident & Health Team, you will join a team of experienced underwriters, focused on profit-oriented underwriting for Employer Stop loss coverage of self-funded employer health plans. Our Underwriters analyze claims experience, loss ratio, and other group-specific data to evaluate risk and develop optimal coverage solutions for our clients. We collaborate with the sales team, assigned client groups, and underwriting management to generate proposals, resolve account management issues, and service customers.

About the Role:

Underwriting:

Production underwriter responsible for handling review of policies and procedures for both new and existing risks for self-funded employer health plans Accounts vary from Middle/Upper Middle Market, as well as Fortune 500 businesses.
Understand and apply commercial insurance principles to complex situations
Understand and apply data analytics to ensure we are adequately pricing for the risk under consideration
Consistently demonstrate adherence to authority limits and underwriting controls to effectively manage exposure
Able to demonstrate an in-depth understanding of both standard and non-standard policy wordings, extensions and limitations. Able to identify when to alter policy terms and the resulting impact
Understand the drivers of performance within the portfolio and provide recommended steering actions that positively influence outcomes

Customer Focus:

~ Manage the definition, development and delivery of Accident & Health insurance products to ensure alignment with customer needs

Accurately spot trends in early stages and collaborate to improve product offerings and financial results
Review and challenge market/customer strategies, applying in-depth market understanding and innovative views
Inspire a sense of urgency from the customer/ broker and CorSo decision makers to design win-win situations
Consistently demonstrate effective influencing and negotiation skills to deliver the best outcomes for CorSo

Team/Relationship Focus:

Develop and maintain successful relationships with external clients and brokers
Focus on building relationships across the team and wider organization. Actively work to support the end to end journey
Coach and mentor less experienced Underwriters
Inspire colleagues to embrace the mandate of their business areas in achieving Corporate Solutions’ strategy
Lead internal (technical/organizational) and/or provide technical expertise for external (market/client development) projects and marketing efforts
Support the business in developing appropriate analytical processes and outputs
Prioritize new ways of working. Effectively deliver change, considering the full implementation impacts on end-to-end processes and learning from past projects. Recommend measures to reduce the impact of the market/underwriting cycle

About You:

Educational/Professional:

Bachelor’s degree in a related field (Finance, Actuarial Science) preferred or equivalent experience
Minimum 5 years underwriting experience in Accident & Health
In depth knowledge of insurance, with a focus on commercial Accident & Health underwriting
Strong connection within the Employer Stop Loss insurance market
Experience in producing a profitable portfolio of business within your underwriting authority
Strong analytical skills to assess exposures, coverages, terms and conditions to appropriately assign underwriting decision on risks
Knowledge and proficiency in the use of underwriting tools, applications, guidelines, and data analytics
Keeps abreast of market environment and trends

Values, Abilities, and Skills:

~ Strong oral/written communications skills that focus on building relationships across the team, wider organization, and with clients

Encourage collaboration in support of the end-to-end journey
Strong negotiation, analytical skills, ability to multi-task with attention to details
Prioritize new ways of working. Effectively deliver change, considering the full implementation impacts on end-to-end processes and learning from past projects
Role-models continuous self-learning. Adept at learning and highly motivated to new skills to novel situations, gaining knowledge and expertise
Constantly looking for the best option, identifying positives and negatives, to make effective decisions in complex and novel situations. Take accountability and support the team to ensure decision making happens at the right level
Consistently demonstrate personal accountability for decisions, success and failures, challenges the status quo.
Ideal candidates will distinguish themselves across multiple elements of Swiss Re's Leadership Model (thinks strategically, innovates, responds actively, collaborates, promotes excellence, stays accessible, fosters constructive debate, demonstrates an enterprise mindset, values diversity).

Miscellaneous:

Demonstrated proficiency of the English language. Spanish/French a plus
Travel will be approximately 5% within the US
Preferred locations are Windsor, CT or Schaumburg, IL. but open for the right candidate

~ No relocation assistance will be offered

For roles located within our Swiss Re offices, our company has a hybrid work model where the expectations is that you will be in the office three days per week on average.

The estimated base salary range for the Senior Underwriter level in Windsor CT or Schaumburg IL is $128,000 to $192,000. The specific salary offered for this or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget. At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.