Bachelor's degree in business, Insurance, Risk Management, or related field; CPCU, CIC, or other insurance designations preferred.
5+ years of experience in P&C underwriting, ideally with program business or MGA relationships.
Expertise in evaluating and underwriting non-traditional or niche insurance programs.
Strong analytical and decision-making skills for assessing complex risks.
Excellent communication and interpersonal skills with a collaborative approach.
Experience with insurance management systems and proficiency in Microsoft Office Suite.
Responsibilities
Underwrite new and renewal P&C program submissions from MGA partners, focusing on niche or non-traditional risks.
Analyze program performance data and actuarial reports to recommend terms, pricing, and coverage structures.
Collaborate with MGA partners to clarify underwriting criteria and ensure alignment with company objectives.
Participate in due diligence for onboarding new MGA partners, reviewing underwriting processes and historical results.
Assist in developing program-specific underwriting guidelines.
Coordinate with internal resources for approval of new programs.
Partner with Programs Auditors to address underwriting-related issues and implement corrective actions.
Benefits
Opportunity to work with niche and non-traditional risks, enhancing professional expertise.
Collaborative work environment with MGA partners and internal stakeholders.
Access to continuous improvement initiatives and professional development opportunities.
Engagement with industry trends and regulatory changes to inform underwriting strategy.
Full Job Description
Key Responsibilities:
1. Program Underwriting & Evaluation
Underwrite new and renewal P&C program submissions from MGA partners, with a focus on niche or non-traditional risks that demonstrate profitable results.
Analyze program performance data, loss history, and actuarial reports to determine program viability and recommend appropriate terms, pricing, and coverage structures.
Collaborate with MGA partners to clarify program guidelines, underwriting criteria, and appetite, ensuring alignment with company objectives.
Participate in the due diligence process for onboarding new MGA partners and programs, including review of underwriting processes, controls, and historical results.
Assist in the development of program-specific underwriting guidelines.
Coordinate with internal resources to receive ultimate approval for new programs
2. Collaboration & Continuous Improvement
Partner with the Programs Auditors to review audit findings, address underwriting-related issues, and implement corrective actions as needed.
Participate in post-audit reviews and collaborate on action plans to enhance underwriting practices and program performance.
Stay current on industry trends, regulatory changes, and competitor activity to inform underwriting strategy and maintain compliance.
3. Relationship Management & Communication
Serve as an underwriting contact for MGA partners, providing guidance, support, and education on underwriting standards and program requirements.
Communicate effectively with internal stakeholders and MGA partners to resolve underwriting issues and share best practices.
Prepare and present underwriting reports, program analyses, and recommendations to management.
Qualifications:
Bachelor's degree in business, Insurance, Risk Management, or related field (CPCU, CIC, or other insurance designations preferred).
5+ years of experience in P&C underwriting, preferably with program business or MGA relationships.
Demonstrated expertise in evaluating and underwriting non-traditional or niche insurance programs.
Strong analytical and decision-making skills, with the ability to assess complex risks and develop creative solutions.
Excellent communication and interpersonal skills, with a collaborative approach to partner and team relationships.
Experience with insurance management systems and proficiency in Microsoft Office Suite.
Key Competencies:
Underwriting Expertise & Risk Assessment
Analytical & Critical Thinking
Program & Portfolio Management
Collaboration & Continuous Improvement
Relationship Building & Communication
Initiative & Problem Solving
For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $170,000
About Starr Insurance Companies
Starr Insurance Companies Careers
There has never been a better time to join the global team of Starr Insurance Companies—the leading provider of insurance and investment solutions worldwide.
Work You’ll Do
Join Starr Insurance Companies' top-tier team to assist some of the most prestigious clients in navigating their risk management and insurance strategies.
Transform the approach to global insurance solutions with the brightest minds at Starr Insurance Companies. This is where innovation meets industry expertise in a dynamic environment.
Lead from a unique position in the marketplace, at the crossroads of deep industry knowledge and extensive insurance innovation.
Engage with a worldwide network of professionals dedicated to redefining the future of insurance and risk management.
Collaborate with a diverse and inclusive team, fostering a culture of professional growth and diversity training.
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Advance your career with limitless opportunities supported by unmatched training, development, and certification programs.
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