COMMERCIAL LINES UNDERWRITER SKILLS, EXPERIENCE, AND JOB REQUIREMENTS

Published: July 26, 2024 - The Commercial Lines Underwriter with experience in commercial lines insurance, is adept at portfolio analysis, management, and reporting, with strong case-level underwriting experience. This role requires skill in building strong broker relationships, generating and converting prospects, and enhancing policy wordings and endorsements. The underwriter also possesses excellent analytical, organizational, and communication skills, with a solid understanding of underwriting philosophies and standards.

Essential Hard and Soft Skills for a Standout Commercial Lines Underwriter Resume
  • Risk Assessment
  • Policy Analysis
  • Financial Analysis
  • Compliance Knowledge
  • Underwriting Software Proficiency
  • Market Research
  • Data Interpretation
  • Report Generation
  • Coverage Customization
  • Claims Handling
  • Communication Skills
  • Negotiation Skills
  • Attention to Detail
  • Decision Making
  • Problem Solving
  • Customer Service
  • Team Collaboration
  • Time Management
  • Adaptability
  • Critical Thinking

Summary of Commercial Lines Underwriter Knowledge and Qualifications on Resume

1. BA in Risk Management with 6 years of Experience

  • Underwriting or commercial lines experience with underwriting authority
  • Guidewire expertise or experience with a similar tool.
  • The ability to develop and strengthen customer relationships
  • Ability to analyze risk and adhere to underwriting standards for risk selection and profitability.
  • Strong written and verbal communication.
  • Ability to problem solve and not fold/shut down when tough or complex.
  • Meet expectations for attendance and punctuality
  • Strong understanding of commercial lines rating and underwriting practices and concepts
  • Willing to submit to a background investigation, any offer of employment is conditioned upon the successful completion of a background investigation.
  • Willing to execute RPS’ Employee Agreement or Confidentiality and Non-Disclosure Agreement which requires, among other things, post-employment obligations relating to non-solicitation, confidentiality and non-disclosure.

2. BA in Accounting with 3 years of Experience

  • Proven Commercial lines underwriting experience and authority in one or more Commercial Lines products, Liability or Commercial Property
  • Excellent analytical, problem-solving and decision-making abilities
  • A background of robust negotiation and influencing skills
  • Track record of end-to-end responsibility for cases and handling/prioritizing workloads
  • Achieved or worked towards professional insurance qualifications/industry accreditations (APA Commercial, CIP, ACII, etc.)
  • Excellent verbal and written communication skills
  • Strong negotiation and interpersonal skills
  • Strong analytical skills with attention to detail
  • Solid time management and organizational skills
  • Ability to work independently and prioritize, maintaining required production levels

3. BA in Mathematics with 2 years of Experience

  • Working experience in insurance
  • Excellent verbal and written communication skills
  • Strong negotiation and interpersonal skills
  • Strong analytical skills with attention to detail
  • Solid time management and organizational skills
  • Ability to work independently and prioritize, maintaining required production levels
  • Meet expectations for attendance and punctuality
  • Strong understanding of commercial lines rating and underwriting practices and concepts
  • AINS or other insurance designation or equivalent
  • Proficient knowledge of computers in a Windows-based environment

4. BA in Economics with 4 years of Experience

  • Underwriting experience on General lines - Fire, General Accident, Engineering, Liability and Marine, Workers, Burglary, Good in transit policy, ETC.
  • Ability to assess the proposal form and quote based on the risk & guidelines
  • Understand and prepare quotations as per the threat /Risk and guidelines.
  • Arranging the quotes from various Insurance Companies
  • Ability to communicate independently with both internal and external parties
  • Must graduate with an Insurance qualification
  • The ability to handle multi-tasking
  • Ability to interact and resolve day-to-day operational issues.
  • Ability to work independently in completing the underwriting and documentation process based on the given guidelines.

5. BA in Finance with 3 years of Experience

  • Experience in a similar position, including multi-line package & workers’ comp experience
  • Proficiency in Microsoft Office products with advanced capabilities in the use of Excel and Word
  • Florida 220 Insurance License or equivalent in work experience and Florida 440 Insurance License
  • Experience with standard ISO and commercial insurance carrier standards
  • Must have strong analytical skills
  • Strong work ethic with the ability to execute and drive results.
  • Persistence and creativity in problem-solving - A no-excuses mentality.
  • Prioritization skills that eliminate the need to do things twice.
  • Demonstrated ability to collaborate and act decisively.
  • Proven excellent listening, verbal and written communication skills.

6. BA in Business Administration with 4 years of Experience

  • Prior commercial underwriting experience within a Property & Casualty insurance carrier
  • Certificate in General Insurance, AINS, and pictorials specific to underwriting assignments, as well as higher-level (CPCU, AU) designations.
  • Demonstrate PC skills including proficient use of Microsoft Office products.
  • Demonstrate excellent verbal and written communication ability
  • Provides excellent service to internal or external clients.
  • Challenges status quo and brings forward possibilities.
  • Ability to function well in a high-paced environment.
  • Utilizes data to make informed decisions and communicates the reason for the decision.
  • Proficient with Microsoft Office Suite and related software.
  • Takes ownership and responsibility for actions and outcomes, performance and results.     

7. BA in Insurance with 3 years of Experience

  • Commercial lines underwriting experience required, excess and surplus experience
  • Demonstrated proficiency in sales and marketing
  • Proven organization skills and ability with a strong attention to detail
  • Interest in continued education and professional development
  • Insurance license, CPCU, CIC, or comparable designations
  • Experience working with agencies and books of business in Iowa, Illinois, Minnesota, North Dakota, South Dakota, and Wisconsin is preferred.
  • Demonstrated ability to develop and maintain relationships with agents and other departments and exemplify superior teamwork.
  • Extensive knowledge and understanding of industry best practices, standards, and commercial multi-line underwriting concepts including broad business segment knowledge.
  • Proficient knowledge of computers in a Windows-based environment
  • Excellent verbal and written communication skills

8. BA in Statistics with 2 years of Experience

  • Property/casualty underwriting experience in moderately complex risk classes
  • Solid knowledge and awareness of market conditions and trends
  • Post-secondary education in Insurance Risk Management or a related field
  • CIP/FCIP designation, or actively enrolled in courses and working toward the designation
  • Strong verbal and written communication skills
  • Exemplary sales, negotiation, and customer service skills
  • Positive, solution-oriented, and adaptable attitude
  • Self-driven and able to work effectively under pressure
  • Analytical and flexible to change
  • Strong decision-making skills

9. BA in Actuarial Science with 3 years of Experience

  • Trading experience in commercial lines insurance
  • Commercially minded but working to agreed authorities
  • Experience in portfolio analysis, management, and reporting as well as case-level underwriting experience.
  • Strong customer service with a professional attitude
  • Able to build strong relationships with brokers and can generate and convert prospects in line with company appetite.
  • Constructing and enhancing policy wordings & endorsements
  • The ability to manipulate and analyze MI data
  • Excellent analytical and problem-solving
  • A good understanding and knowledge of underwriting philosophies and standards
  • Excellent organization skills, and strong oral and written communication skills
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