Commercial Insurance Specialist
7 days ago
About the Role
">The Commercial Insurance Specialist will play a key role in driving sales and establishing strong relationships with brokers in the region. This individual will leverage their expertise in commercial insurance products and industry trends to deliver strategic client growth, recommend effective action plans, and develop meaningful relationships with brokers.
">Responsibilities
">- Identify new growth opportunities with key brokers and ensure they are qualified and meet with the organization's appetite.
- Develop broker clientele by networking to identify new clients and generate lists of prospective focus brokers.
- Conduct marketing visits to build broker relationships and advertise B&W offerings.
- Maintain existing broker relationships to solicit renewals and generate new business.
- Develop marketing strategies to compete with other companies.
- Utilize other Burns & Wilcox offices via referrals to place business.
- Ensure prompt and courteous client service is provided to all brokers.
- Work collaboratively with other Underwriters on the team to develop ownership of a book of regional business.
- Stay informed on market conditions to deliver continued relevance and competitiveness.
- Provide an exceptional level of service and expertise to broker partners, ensuring their needs are met with professionalism and attention to detail.
Underwriting Expertise
">- Maintain knowledge of carriers' underwriting guidelines and/or brokerage markets.
- Obtain adequate underwriting information for quoting, binding, and issuing.
- Review coverage requirements, prices, and conditions.
- Negotiate prices, terms, and conditions.
- Submit quality submissions to markets.
- Provide consultation to brokers regarding differences between quotes and coverages.
- Promptly review inspections to verify quality of risk.
- Ensure all files are documented properly to avoid potential E&O's.
- Maintain carrier relationships.
- Stay abreast of underwriting practices and maintain licenses and certifications.
Qualifications
">- Bachelor's degree or equivalent combination of education and experience.
- CIP or equivalent industry experience.
- Provincial License or eligibility for obtaining.
- 5+ years of Commercial Insurance experience.
- Strong underwriting expertise strongly preferred.
- Strong knowledge of domestic and international Commercial markets.
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