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I have a plethora of open Life Underwriting roles with various carriers. Salaries vary but highest goes up to $150K on the base. If you are an Individual Life Underwriter and are curious about what else is out there, shoot me a message. We can have a confidential conversation about how you stack up to the competition in the market and which opportunity would make the most sense for you and your current situation. #lifeunderwriting #jobopenings #lifeinsurancejobs #underwriting
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One of my title agent friends recently shared that he had outsourced most, if not all, of his #titleproduction to his underwriter, which is uncommon in New Jersey. I was surprised because I know his title agency focuses on complex commercial transactions and because I know him to be a more traditional and conservative title agent. Although it may take some time for us to get comfortable with ceding control over our agency's title production, I've spent some time thinking about the pros and cons of outsourcing title production to the underwriters. PROS: - Examination and production becomes a COG, rather than an overhead cost. Especially during the down market of the past couple of years, this can make a big difference in profitability. - Product is backed by underwriter, mitigating the agent's risk. - There have been times when one of my readers has gone on vacation, or left the company, leaving me with a lack of capacity. Having a solution for these types of situations can help alleviate overwhelming the team. CONS: - I've noticed that a lot of the commitments prepared by underwriters (we rely on them in Pennsylvania) have a lot of redundant or extraneous requirements/exceptions. It's clear that, since these commitments are prepared by underwriters, they often feel the need to include more to mitigate their own risk. On my end - we end up spending the first 10 minutes omitting all the junk items on the commitment. - Lack of control over quality, turn times, and "the way we like things done". - No face behind the product - we frequently have questions, and it is helpful to know who read the file to ask them clarifying questions. This interaction is much harder when there is no direct channel between the reader and the title officer. I would love to hear the thoughts of any NJ title agents who use underwriter production or have tried it.
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Partner Magellan Consulting - Magellan Partners Group / Managing Partner & Founder at Bleu Azur Consulting
Commercial Underwriting: Risk Factors That Matter
Commercial Underwriting: Risk Factors That Matter
insurancethoughtleadership.com
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COMMERCIAL UNDERWRITING: RISK FACTORS THAT MATTER
Commercial Underwriting: Risk Factors That Matter
insurancethoughtleadership.com
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For everyone who has submitted an application for our underwriter position so far…first of all, WOW! I’ve have over 200 applicants to date. Because the response has been far beyond what I would have dreamed, I beg your patience as we sift through the qualified applicants and schedule screening calls. A note for everyone who has applied or is thinking about it: 2 years of insurance underwriting experience really is required as a minimum. Commercial underwriting is preferred and is how I’m prioritizing the screening calls. Personal underwriting isn’t disqualifying by any means (because culture and values fit is a BIG deal!), but just know that I’m starting with those who have the exact experience we need. If you’ve done mortgage underwriting or other forms of banking related underwriting, this does not meet the minimum requirement. I know you’re all great people and that many make the jump from banking to insurance underwriting, but we as a small company don’t necessarily have the bandwidth to teach you the new language. If you think you’re the exception, well, then send me a LinkedIn Message and give me your best pitch!
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Underwriter Tip 💡 We're always looking at ways to help our brokers when it comes to placing their clients' cases. Here's a helpful tip from one of our underwriters when dealing with your clients' documents. #KensingtonDifference #BrokerSupport #ServiceSupercharged | Intermediaries only
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You’re number 2 running a commercial underwriting department, when really you are number 1...! 🥇 Sorry, it’s a touchy subject isn’t it. But I had to say it so bluntly to get your attention. The fact you’re basically propping up the P&C Underwriting department says it all. Constantly coming up with ideas to contribute to the P&L. And all that networking with brokers. Building solid relationships throughout the UK has helped to grow the book of business. You’ve got a proven track record. So why haven’t you taken that next step yet? I mean, it’s not as if you haven’t been asking for it. Or working your a** off to get it. But I have some good news. You can have that next step. But not where you are now. It’s with an MGA with serious appetite for growth. Where you’ll work in the city two days a week. And have full P&L responsibility with plenty of autonomy. Free rein to build relationships with brokers throughout the country. Making sure they’re using this MGA for their Property & Casualty business. And that’s really what you can get your teeth sunk into. Because there are other ‘Heads of’ within the retail side of the business that deal with other areas. So you can just focus on what you do best. Send us a message, whatever CV you have. anna@als-recruitment.com or give me a call on 07825550509. P.S- I'm pretty sure there is always that inner child that pops in your head when someone says your first or second in something.....
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I help businesses succeed with Digital Transformation, IT Strategy and Cyber Security 🏆 | CEO at Support Tree 🌱| Cyber Security Thought Leader 🗣
Whether you're a broker, an underwriter or even a technician, you've probably made one of these mistakes before... To stop poor security you need to start with your employees! Check out our Top Tech Tips, it could save you thousands 💰 #insurance #toptips #security #underwriter #broker #password #cyberinsurance #compliance #mga #mgu #lloyds
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Helping insurance brokers to provide their clients with market leading insurance products. I work on bespoke scheme solutions to help drive profitability and coverage in niche markets.
Monday is half over and apparently the last day of decent weather we're getting for a little while so make sure to get the grass mowed! This week I'm going to focusing on my senior underwriter #development process, including a meeting this afternoon to run through some of the risks I've written in the last 12 months with one of the #underwriting management team. Always a little nerve wracking! As I'm mostly focused on professional indemnity for #recruitment at the moment I've had to really hunt around for some creative stuff I've done this year. Its been an interesting year to be an underwriter. As we move into a softer market following a few months of hardening rates and restricted terms it'll be interesting which players we see trying to dip into the #market as capacity opens up again. I think its clear from our longevity in the market that #Hiscox are here to stay; we understand professional risks and in #schemes we understand broker and client demand. Why offer something off the shelf when you can offer something bespoke? Most #brokers that are lucky enough to have a Hiscox scheme will tell you the service, expertise and profitability are second to none, I guess that's why our pipeline is so busy! While we might see prices reduce and coverage increase in the coming months and those that remember the lessons learned in the hard market, i.e. the ones that understand that sometimes customers say "price is the only thing" when really they have other things they're concerned about and they keep asking questions will be the ones that prosper. Ultimately there's no point paying for #insurance if it doesn't pay out when you need it. I hope everyone has a great week! 😀
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