Underwriting Specialist, Risk Management, Mobility and Sharing Economy -Remote

Company: Liberty Mutual Insurance
Location: Somerville
Posted on: August 5, 2022

Job Description:

With ride-hailing, vehicle-sharing, car subscriptions, on-demand delivery, micro mobility and autonomous vehicles, transportation options have never been so plentiful - or presented so many emerging risks. Drawing on Liberty's vast commercial and personal lines expertise, our Mobility & Sharing Economy Practice represents a new underwriting model that brings a full range of tailored solutions and nuanced pricing approaches to the marketplace. This dedicated practice combines creative commercial underwriting with product, actuarial, legal, and claims teams to deliver a robust insurance experience. Join our expanding underwriting team to foster change and innovation to the traditional insurance landscape. Partner with brokers and mobility / sharing economy businesses to develop risk management solutions to address today's unique exposures and prepare for the future.Our team is preparing for disruption and helping to strategically position Liberty at the forefront of the new mobility world. Since its inception in 2019, the team has exceeded new business goals and written some of the largest accounts in the company. Liberty Mutual's Mobility & Sharing Economy team was named "Insurance Underwriting Team of the Year" in 2020 by Business Insurance in recognition of its innovation and creativity in this space. As an Underwriting Specialist in the Sharing Economy Practice, you will underwrite small to mid-size accounts across sectors and collaborate with the broader team on jumbo accounts (accounts with $50 million+ premium). You will underwrite commercial auto, workers compensation and general liability as well as collaborate with other underwriting segments for cross sell opportunities such as umbrella, excess, cyber, tech E&O, property, and inland marine. You will be responsible for developing, growing, and maintaining a profitable, diversified book of business through marketing, underwriting decision making, building mutually beneficial agent/broker relationships, and establishing a market-facing leadership presence. Underwriting sharing economy risks requires curiosity and innovation to understand how businesses look today and what they will become tomorrow as the market develops. If you have strong analytical, communication, and negotiation skills and are seeking to explore an emerging underwriting space, this dynamic and collaborative environment is the place to thrive. Responsibilities:

• Risk Selection: Reviews, rates, underwrites, evaluates, and assesses sharing economy and new mobility companies applying for insurance by qualifying accounts, identifying, selecting, and assessing risks, determining the premium, policy terms and conditions, obtaining approvals, creating/presenting the proposal to the agent/broker, and successfully negotiating deals.
• Agent/Broker/Customer Relationships: Demonstrates a high level of responsiveness and focus on supporting Agents and Brokers objectives. Establishes, develops, and maintains successful relationships with Agents and Brokers to facilitate marketing of products, through responsive service, site visits, in person renewal meetings or enhanced knowledge of their customers' businesses. Develops strong personal brand to build and maintain a long-term quality pipeline with Agents/Brokers.
• Portfolio Management: Manages a sharing economy book of business by analyzing the portfolio, identifying areas of opportunity for improved growth, profit, and diversification; Executes marketing plans to increase market share.
• Documenting the Deal: Documents files in a way that reflects a solid thought process and decision making through comprehensive account reviews, signoffs and referrals that comply with state regulations, letter of authority, and underwriting guidelines.
• Continuous Improvement: Actively participates in continuous improvement by fully engaging in daily huddles, generating suggestions, participating in problem solving activities; Uses continuous improvement tools to support the work of the team.
• Teamwork: Collaborates with the sharing economy cross-functional team members and other departments including product, claims, services, actuarial, risk control services, legal and domestic and international underwriting teams.

Keywords: Liberty Mutual Insurance, Somerville , Underwriting Specialist, Risk Management, Mobility and Sharing Economy -Remote, Executive , Somerville, Massachusetts