Manage all related underwriting tasks required in assigned territory to promote written premium growth, retention and favorable loss ratio results.
• Responsible for new and renewal accounts with a focus on acquisition including underwriting and pricing accounts in accordance with Acadia’s underwriting standards and personal underwriting authority.
• Evaluate, select, and price policies for assigned agencies to achieve underwriting profit (within underwriting authority), premium growth, desired business mix, market/agency penetration, and agency management objectives with a focus on new business. Refer risks exceeding authority to management with recommendations for approval or disposition.
• Develop and manage assigned agency relationships with producers and customers through visitations and regular customer contact.
• Evaluate the performance of assigned agencies on an ongoing basis to ensure company and agency goals and objectives are met. Participate in review and evaluation of agencies and make recommendations on agency management issues. Communicate corporate goals, programs, underwriting policies, procedures, and guidelines to agents.
• Monitor production, hit ratios, renewal retention ratios, spread of risk, and other production and quality measures.
• Request information needed for underwriting and pricing of assigned business.
• Conduct negotiations with assigned agents.
• Coordinate loss control, claim, audit and billing services as needed.
• Maintain a workflow for your assigned territory which meets all the standards and expectations of the department. Strive to improve processes within the Company to increase the level and quality of service provided to internal and external customers.
• Demonstrate a commitment to self-development.
• Act as a resource for other in the department and provide direction to underwriters and support staff as needed.
• Negotiate facultative reinsurance on accounts where needed.
• Train or assist in training others as necessary. Help co-workers improve their skills by sharing your knowledge.
• Develop loss sensitive pricing approaches including retrospective rating plans and large deductibles.
• Assist in the training (coverages, new products) of staff.
• Develop and evaluate information regarding local market opportunities and competition, and funnel recommendations regarding new products and associated rates to management.
• Work with Home Office processing unit to ensure timely and accurate delivery of commercial insurance products. Jointly identify unprofitable business and take appropriate underwriting action.
• Provide direction to staff members within a particular underwriting discipline.
• Maintain a workflow for an assigned territory which meets all the service standards and expectations of the department and consistently to strive to improve workflow.
• Assist with supervision of staff in accordance with the organization’s policies and applicable laws. This may include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems; and tracking time and attendance.