Allied World Assurance Company Holdings, AG

Underwriter Trainee/Underwriter/Sr. Underwriter - Medical

Healthcare
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Solid writing and communication skills
  • 1-4 years of preferred underwriting experience
  • Strong organizational skills with adaptability
  • Ability to work independently and in teams
  • Willingness to travel
  • Creative thinker with open-mindedness to ideas
  • Basic understanding of Excel or quick to learn

Responsibilities

  • Ensure compliance with underwriting guidelines and standards
  • Conduct underwriting functions: submission review, pricing analysis, and authorization processes
  • Seek approval from regional manager as needed
  • Collaborate with Claims Department on profitability-related claims issues
  • Maintain adherence to Internal Audit procedures and compliance guidelines
  • Lead marketing meetings with brokers as directed
  • Engage in networking opportunities with clients and brokers
  • Follow established reinsurance protocols
  • Stay updated on industry developments
  • Prepare necessary reports for senior staff
  • Complete additional responsibilities as assigned

Benefits

  • Health, Dental, and Disability Insurance
  • 401k plan with company match
  • Group Term Life Insurance
Full Job Description
Job Summary:

Critically evaluate health care organizations operations, litigation experience and commitment to clinical risk management strategies in the delivery of medical services to patient population. Utilizing underwriting tools, e.g., models, actuarial services, claims and risk management colleagues to determine appetite for risks, pricing and coverage offerings while meeting projected premium and profitability goals. Comply with divisional and corporate underwriting guidelines, administrative standards and time service standards.

Job Duties and Responsibilities:

  • Compliance with underwriting guidelines, systems and procedures
  • Perform general underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorizations
  • Work within authority and receive proper approval from regional manager as necessary.
  • Liase with Claims Department on any specific claims activity and overall market claims concerns, which could potentially affect profitability
  • Consistent with Internal Audit department procedures, achieve compliance with all underwriting and administrative guidelines
  • Conduct marketing meetings with brokers as directed by the regional manager.
  • Attend client/broker meetings, lunches, dinners and other social outings as applicable.
  • Follow treaty and facultative reinsurance protocols as required
  • Stay current with respect to major industry issues and developments
  • Provide specific reports as needed by senior staff
  • Other duties as assigned


Requirements:
  • Solid Writing and Communication Skills
  • 1-4 years underwriting experience preferred
  • Organizational skills, and ability to change task quickly
  • Ability to work independently as well as in a group setting
  • Willingness to travel
  • Must be able to think originally, be willing to challenge ideas and be receptive to having their own ideas challenged
  • Working understanding of excel or a quick study


The salary range for this role is between:

$70,000 - $110,000

The annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below the listed range and determined by a number of considerations, including but not limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one component of Allied World's comprehensive total reward package, which may also include annual incentive compensation rewards.

Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance.

About Allied World Assurance Company Holdings, AG

Allied World Assurance Company Holdings, AG is a global provider of insurance and reinsurance solutions. The company offers property, casualty, and specialty insurance and reinsurance products to clients worldwide. Allied World operates through a network of offices in Bermuda, the United States, Europe, and Asia. The company was founded in 2001 and is headquartered in Hamilton, Bermuda.
Learn more about Allied World Assurance Company Holdings, AG
Size
1,400 employees
Industry
Founded
2001
5 Year Trend
-2%
Revenue
$2.3 billion
NASDAQ

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