Long-Term Care Senior Underwriter - Medical Professional Liability
About the role
ProAssurance is a leading specialty insurer specializing in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. This position supports the Senior Living/Long-Term Care segment of our medical professional liability line of business and can be remote in the contiguous United States.
Responsibilities
Underwrite new and renewal submissions, focusing on manual and experience-rated accounts.
Pursue new business opportunities while managing existing book of renewal business.
Create terms and conditions for each applicant based on underwriting guidelines, program rates, and authority level.
Work closely with and collaborate with colleagues in all disciplines including Actuarial, Claims, and Risk.
Adhere to Letter of Authority without exception.
Use advanced knowledge of pricing models and be proficient at working through the actuarial-underwriting nuances.
May work with admitted and non-admitted accounts.
Identify program risks, process improvement opportunities, and claims trends.
Refer accounts to the Production Team when appropriate.
Expand new business opportunities in preferred classes of business through target accounts and brokers in all market segments.
Arrange and conduct meetings with brokers/agents, and insureds/prospects to discuss terms and conditions, exposures, claims, and related concerns.
Document files and ensure compliance and audit-worthiness.
Collaborate with other teams on cross-sell initiatives.
Aids in establishing revenue budget and monitors performance against plan, while keeping keen focus upon loss ratio targets.
Provides reporting to leadership to facilitate tracking and measurement of results.
Keeps educated on evolving risks and exposures.
Engages others about ways to improve the service and/or products that we provide.
Encourages others, at all levels, to offer ideas and take initiative to vet those ideas.
Requirements
Bachelor’s degree required with a preference for study in insurance, risk management, business administration or another business-related field.
Minimum of seven years medical professional liability underwriting experience, with at least four of those years with specialty underwriting experience.
CPCU, AIC, or ARM highly desired.
Understanding of insurance and medical terminology and insurance and underwriting principles required.
Previous professional liability experience required.
Proficiency with Microsoft Office Suite.
Excellent organizational and interpersonal skills; ability to work well within a team environment.
Self-motivated and able to accomplish multiple tasks in a timely manner.
Accomplished written and verbal communication skills.
Analytical ability, to gather data and interpret information; request more information when data is incomplete and prioritize work.
Ability to attend insurance and industry/business functions to promote and present a positive image of the Company.
Proven self-starter with strong multi-tasking and relationship management skills.
Able to make sound decisions and devise appropriate solutions.
Able to review the work of others, provide feedback, and approve other underwriters’ quotations.
Strong negotiating skills.
Excellent listening, speaking, writing, and presentation skills.
Ability to process information logically.
Mets work deadlines, excellent desk management skills.
Solid knowledge of rating and documentation management and workflow systems.
Able to create, build and develop superior relationships with agencies and internal colleagues.
Qualifications
Bachelor’s degree required with a preference for study in insurance, risk management, business administration or another business-related field.
Minimum of seven years medical professional liability underwriting experience, with at least four of those years with specialty underwriting experience.
CPCU, AIC, or ARM highly desired.
Understanding of insurance and medical terminology and insurance and underwriting principles required.
Previous professional liability experience required.
Proficiency with Microsoft Office Suite.
Excellent organizational and interpersonal skills; ability to work well within a team environment.
Self-motivated and able to accomplish multiple tasks in a timely manner.
Accomplished written and verbal communication skills.
Analytical ability, to gather data and interpret information; request more information when data is incomplete and prioritize work.
Ability to attend insurance and industry/business functions to promote and present a positive image of the Company.
Proven self-starter with strong multi-tasking and relationship management skills.
Able to make sound decisions and devise appropriate solutions.
Able to review the work of others, provide feedback, and approve other underwriters’ quotations.
Strong negotiating skills.
Excellent listening, speaking, writing, and presentation skills.
Ability to process information logically.
Mets work deadlines, excellent desk management skills.
Solid knowledge of rating and documentation management and workflow systems.
Able to create, build and develop superior relationships with agencies and internal colleagues.
Skills
Advanced knowledge of pricing models and actuarial-underwriting nuances.
Ability to work with admitted and non-admitted accounts.
Ability to identify program risks, process improvement opportunities, and claims trends.
Ability to refer accounts to the Production Team when appropriate.
Ability to arrange and conduct meetings with brokers/agents, and insureds/prospects to discuss terms and conditions, exposures, claims, and related concerns.
Ability to document files and ensure compliance and audit-worthiness.
Ability to collaborate with other teams on cross-sell initiatives.
Ability to assist in establishing revenue budget and monitor performance against plan, while keeping keen focus upon loss ratio targets.
Ability to provide reporting to leadership to facilitate tracking and measurement of results.
Ability to keep educated on evolving risks and exposures.
Ability to engage others about ways to improve the service and/or products that we provide.
Ability to encourage others, at all levels, to offer ideas and take initiative to vet those ideas.
Benefits
We are committed to providing a dynamic and inclusive environment where everyone can do their best work and grow personally and professionally. For that reason, we partner with The Predictive Index (PI) – an organization equally committed to improving the working lives of people, to help us hire the best talent by providing additional insight about one’s work style. The position you applied to requires completion of two assessments prior to being scheduled to interview with a hiring manager. A Talent Acquisition team member may review your application and contact you before the assessment is complete. These assessments are Behavioral and Cognitive, and each assessment takes less than 12 minutes to complete. After submitting your application, you will receive two emails from The Predictive Index inviting you to complete each of these assessments (please check your SPAM or Junk email folder if you do not see these emails in your inbox). Note: If you already completed the assessments as part of an application with us, we may have results on file and you may not receive the emails inviting you to take the assessments. If you are moving forward in the process, a Talent Acquisition team member will confirm if we already have your assessment results.
Pay
The salary range displayed represents the entirety of the pay grade for this position. Most candidates will start in the bottom half of the range. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location and comparison to other team members already in this role.
Schedule
This position can be remote in the contiguous United States.