Hybrid Underwriting Trainee – Cyber

Posted last month

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About the role

  • 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.

Job title

Underwriting Trainee – Cyber

Job type

Experience level

Entry level

Salary

$35,000 - $65,000 per year

Degree requirement

Bachelor's Degree

Location requirements

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