Underwriting Specialist, Risk Management, Mobility and Sharing Economy -Remote
Company: Liberty Mutual Insurance
Posted on: August 5, 2022
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.
- 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
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