Liability Insurance Underwriter

Job Overview

We are seeking a Liability Insurance Underwriter to assess and manage risks related to various liability insurance policies including general, professional, and product liability. This role involves evaluating applications, determining appropriate coverage and pricing, and ensuring compliance with industry standards.

Key Responsibilities

• Assess liability insurance applications by analyzing business risks, industry factors, claims history, and company operations.
• Compute premium rates and recommend suitable coverage plans.
• Engage with insurers and clients to clarify underwriting choices and maintain transparent communication.
• Remain informed about liability legislation and new risk developments.
• Draft Requests for Quotations (RFQs), Quote Comparison Reports (QCRs), and scrutinize policy terms.
• Coordinate quotations and policy issuance in collaboration with insurers and internal departments.
• Review policy documentation, including wording and endorsements.
• Participate in negotiations concerning pricing, terms, and coverage options.
• Build and sustain productive relationships with insurers and other key industry contacts.

Types of Liability Insurance Managed

• Directors and Officers (D&O) Insurance
• Public Offering of Securities Insurance (POSI)
• Public Liability Insurance
• Umbrella Liability Insurance
• Professional Liability Insurance
• Commercial Crime Insurance

Candidate Profile

• 3 to 7 years of experience in general insurance or related sectors.
• Proficiency in Microsoft Excel and MS Office suite.
• Bachelor's degree in finance, business, insurance, or related field.
• Excellent communication and negotiation capabilities.
• Awareness of pertinent industry regulations and standards.