Insurance Underwriter

1 month ago


Regina, Saskatchewan, Canada SGI Full time
Join SGI as an Underwriter I and contribute to our mission of providing exceptional insurance services.

About the Role

We are seeking a highly skilled and motivated Underwriter I to join our team. As an Underwriter I, you will be responsible for evaluating and rating personal lines insurance risks, ensuring that our customers receive the best possible coverage.

Key Responsibilities

  • Evaluate multiple products and their risk factors to determine risk acceptability and rating.
  • Review and evaluate quotes, new applications, renewals, revisions, and cancellations to determine risk acceptability within current underwriting authority.
  • Research and obtain additional information on risk if required, using technology and external data sources.
  • Determine if risk is acceptable, needs modification, or should be declined based on analysis of all information pertinent to the risk and within the underwriter's authority.
  • Calculate premiums, ensuring that appropriate rates are used and application discounts and surcharges are applied within established underwriting guidelines, applicable laws, and regulations.
  • Negotiate with brokers as to the conditions, limitations, rates, and premiums to apply.
  • Correspond with brokers and/or customers to request information and explain underwriting requirements and decisions.
  • Collaborate with internal and external stakeholders to discuss risk acceptance and policy wording interpretation.
  • Develop an understanding of policy wordings, conditions, limitations, rates, and premiums with a strong focus on customer needs.
  • Maintain accurate records of decisions made and maintain completeness of policy data.
  • Complete claim alerts, underwriter reviews, and perform other related duties as assigned.
  • Mentor, provide direction, and review and approve the work of staff in less senior positions.
  • Collaborate with loss prevention partners (internal and external) to measure risk acceptability and to improve risk.
  • Demonstrate an understanding of existing and emerging industry and regional trends and market conditions and obtain additional information on risk if required.
  • Identify improvements to processes, procedures, insurance products, and/or systems.
  • Work within the department team collaboratively and support cross-departmental teams when required.

Requirements

  • A two-year diploma from an accredited post-secondary education institution in a relevant field of study, such as Business, or defined equivalency.
  • 1-3 years' experience in underwriting.

What We Offer

SGI offers a competitive salary range of $54,024.00 - $68,184.00 and a comprehensive benefits package.

How to Apply

As you prepare to submit your application, please highlight the achievements that demonstrate why you're a great candidate for this role.


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