Diedre Moire - Chicago, IL
posted 5 months ago
The Insurance Underwriter for Medical Malpractice in Chicago, IL, is a pivotal role within a provider of professional liability and specialty commercial insurance. This position is responsible for soliciting new and renewal submissions from brokers, which involves a thorough understanding of the medical malpractice landscape. The underwriter will identify risk exposures, special or common hazards, and appropriate controls, quantifying risks based on historical experience, forecasting methods, and financial statements and ratios. A key aspect of this role is negotiating coverage terms and conditions to ensure profitability for the company while simultaneously meeting customer needs. In addition to these responsibilities, the underwriter will analyze claims and quantify losses, ensuring that all underwriting files are meticulously documented. This role requires a proactive approach to risk assessment and management, as well as strong negotiation skills to balance the interests of the company and its clients. The ideal candidate will have a solid background in medical malpractice underwriting, with at least two years of relevant experience, and a Bachelor's degree. The company offers a generous compensation package, including an industry-leading 401(k) contribution matched at 1:1, competitive medical, dental, and vision insurance plans, and employee stock share options. Paid time off is also a significant benefit, encompassing personal days, sick days, vacations, and holidays, making this an attractive opportunity for qualified candidates.