Underwriting Trainee learning underwriting practices in the Cyber line of business at CNA. Involves communication, analysis, and documentation in risk assessment.
Responsibilities
Performs a combination of duties in accordance with departmental guidelines: Reviews insurance applications and documentation to determine if the applicant is an acceptable risk.
Recommends appropriate pricing and coverage modifications or enhancements for risks after complete analysis and consideration.
Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations.
Verbal notifications to agents of decisions for clear understanding.
Uses available underwriting systems and modeling tools; updates the underwriting systems by documenting pertinent information.
Prepares quotes and answers questions from agencies and internal or external customers, escalating issues to management as necessary.
Negotiates with agents to reach positive and profitable outcomes.
Makes field visits to Agent and Broker offices to build relationships and understand territory and market nuances.
Interacts with Claim personnel on issues relating to specific claims, and other internal customers such as legal and actuarial.
Develops a working knowledge of product language across all CNA business units, underwriting practices, policies and guidelines.
Develops a full, working knowledge of all relevant CNA systems.
Requirements
Bachelor's degree preferred or equivalent experience.
Based on product line, successful completion of required exams or work towards certification may be required.
Benefits
CNA offers a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals.
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