Insurance Risk Management Associate
4 weeks ago
Overview
WTW's CRB Graduate Development Program (GDP) is a 2-year non-rotational program designed to provide graduates with a broad knowledge base, varied skills, and diverse network.
The GDP offers a holistic view of WTW with hands-on experience, insight, and opportunities to make an impact and shape your own career. Participants will undergo a 1-week in-person orientation followed by a robust onboarding training learning about various functions within WTW.
Brokerage Team Overview
WTW's Broking teams deliver superior results for clients' business and risk management needs through deep industry-specific expertise. The role of a broker is to help clients mitigate their total cost of risk. The brokerage team operates as the firm's intellectual capital where we work with clients to assess, model, and structure risk.
About the Role
As an Insurance Risk Management Associate, you will gather information and analytics to assess and evaluate client risks to support the placement of client risks into the market. You will create Loss Summaries, review program binders for accuracy, check policies, and assist brokers & senior brokers. With the support of more experienced brokers, you will prepare draft submission documents and finalize submissions for delivery.
You will also review quotes against specifications and develop side-by-side comparisons, prepare program proposals, and develop client and prospect presentations to secure new and build on existing relationships. Additionally, you will research market solutions to learn how to identify and develop optimum risk solutions for clients.
Responsibilities
- Gather information and analytics to assess and evaluate client risks
- Create Loss Summaries and review program binders for accuracy
- Prepare draft submission documents and finalize submissions for delivery
- Review quotes against specifications and develop side-by-side comparisons
- Develop client and prospect presentations to secure new and build on existing relationships
- Research market solutions to learn how to identify and develop optimum risk solutions for clients
Requirements
- Earn an estimated salary of $70,000 per year
- Possess a strong understanding of insurance principles and concepts
- Hold an active surplus lines license for your resident state within 120 days of obtaining your resident state insurance license
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