Underwriting Supervisor oversees activities of the underwriting department. Provides supervision for a group of underwriters who review, analyze, and inspect insurance risk. Being an Underwriting Supervisor analyzes various rate plans utilizing a company's claims history to determine the appropriate rate plan and benefits costs. Must be familiar with regulations at the federal, state and local level. Additionally, Underwriting Supervisor typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Working team member that may validate or coordinate the work of others on a support team. Suggests improvements to process, is a knowledge resource for other team members. Has no authority for staff actions. Generally has a minimum of 2 years experience as an individual contributor. Thorough knowledge of the team processes. (Copyright 2024 Salary.com)
Performs underwriting analysis, risk assessment for new and/or renewal of small or large group contracts. Assigned cases/book of business may be limited to a single (or minimal number of) products, financial arrangements and/or rating methodologies. Prepares and delivers new business quotes and/or existing business renewals Reviews work with mentor/manager and respond to requests for pricing based on financial analysis, underwriting principals and business strategy. |
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Bachelor's degree or equivalent experience |
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