Underwriter Trainee

**Underwriter Trainee, North America Property Division** **-** **(**2400005W**)**

**Description**

To provide technical and clerical support to Underwriters in the Property department and learn the underwriting business in order to become an underwriter. The Trainee will help with day to day underwriting assistant activities as well as follow a specific training program set up by VP in property that will be composed of on the job training as well as external courses.

**Duties and Responsibilities**
- Work closely with the underwriters and our brokers in the underwriting and

documentation process.
- The Underwriting process includes analyzing and reviewing accounts, making a determination on the risk, followed by pricing the risk, if applicable.
- Complete Catastrophe Modeling requests to utilize in AW Pricing Tool
- Update Rate Change reports
- Enter reinsurance placement data into eRe platform
- Become proficient in DRAGON, our new underwriting system, to quote, bind and book accounts.
- Request internal Loss Runs
- Support Underwriting staff in issuing quotes, binders, invoices and endorsements, setting up files.
- Assist in policy wording preparation and policy review.
- Review account files to ensure they are accurate and auditable.
- Follow up with brokers on missing information from files.
- Attend external training courses as requested by VP.
- Work on special projects as needed.

**Qualifications**
- A minimum of 7 years’ experience handling cyber liability insurance claims or related legal experience. Four-year college degree is required, but law degree is preferred. Substantial knowledge of underlying professional liability claims, cyber/technology claims and coverage issues may be substituted for direct cyber liability claims experience. Excellent negotiation, analytical and communication skills, including technical writing experience, and proficiency with Microsoft Office products, internet research and typing.
- Ability to accurately and timely analyze coverage and instruct and collaborate with counsel regarding litigation strategy, claim resolution and resolve claims and otherwise act within the scope of delegated authority.

**Special Responsibilities**:

- Work requires the ability to quickly and accurately read, comprehend, analyze and produce written materials and to use a computer for long periods of time. Some travel required.

**Our Business**

Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings, Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.

Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance. Allied World is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will be considered for employment without regard to an individual's race, color, national origin, religion or belief, sex, gender, gender identity, age, genetic information, marital or civil partnership status, family status, sexual orientation, military, veteran status, disability or any other characteristic protected by law.

**Primary Location**: CA-CA-Toronto

**Work Locations**: Toronto 200 King Street West Toronto M5H-3T4

**Job**: Underwriting

**Employee Status**:Regular

**Job Type**:Standard

**Job Posting**: Nov 22, 2024, 3:37:11 PM

**Pay Basis**Yearly