Chief Underwriting Officer

Chief Underwriting Officer

Our client is a regional property casualty insurer with offices throughout the Northeast. They are rated A (Superior) by A.M. Best, with an A claim paying ability rating by Standard & Poor's.

At the company, they value their employees, customers, and communities. Employees are part of a progressive company where everyone can make a difference. They promote an inclusive environment which encourages continuous learning and the chance to grow and develop.

The company is an equal opportunity employer.

Responsibilities

The Chief Underwriting Officer is responsible for the underwriting results of the organization. The CUO supports the company in developing and implementing strategic and tactical actions that support profitable growth and the realization of their vision to be a favorite risk partner by both insurance distributors and business owners. Key functions will include but are not limited to :

• Works with Claims, Underwriting, Actuarial and Shared Services to identify opportunities to improve underwriting results.
• Leads and implements special projects involving internal processes and information systems that help achieve profitable growth.
• Monitor and evaluate industry, court and state regulatory developments and works directly with the Legal Department to ensure compliance with all state laws, rules, and guidelines.
• Partners with other industry CUOs to develop and implement underwriting strategies.
• Monitors product, class and state performance and conducts necessary analysis developing recommendations and coverage and rate modifications to achieve targeted results.
• Partners with Actuarial and the Reinsurance department to develop reinsurance programs consistent with risk retention and performance objectives.
• Responsible for the Home Office Underwriting quality reviews and results.
• Provide technical training for commercial lines staff, including delivering content to the Basic and Intermediate Training Programs.
• In collaboration with the actuary department, participates in the rate review process and ensures that the required filings are completed for each jurisdiction.
• Responsible for setting, monitoring, and evaluating levels of underwriting authority for each underwriting profit center.
• Responsible for working with the leader of the Loss Control Department. Collaborates with the leaders of Loss Control to continually increase effectiveness and efficiency by leveraging technology and third-party data and resources.
• Ensures that communication channels across underwriting are productive by providing relevant and timely information and updates to all stakeholders.

Qualifications