Production Underwriting Trainee - Republic Indemnity
Republic Indemnity is a trusted partner in the insurance industry, specializing in workers' compensation. The Production Underwriting Trainee will learn to evaluate and underwrite new and renewal business, collaborate with various stakeholders, and develop marketing strategies for the company's products.
Responsibilities
- Learns to evaluate and underwrite new and renewal business in accordance with Company underwriting guidelines and risk appetite
- Learns to analyze risk information to make informed decisions on coverage, pricing, and terms
- Participates in collaborating with actuaries, agents, brokers, and clients to obtain necessary information and clarify details
- Assists with ordering additional reports and screens, such as motor vehicle reports, loss history reports, outside inspections, etc., to inform decisions
- Learns how to document underwriting decisions in compliance with state and federal insurance regulations
- Assists with evaluating existing policies for potential renewal or modification
- Participates in communicating underwriting decisions clearly and effectively to internal teams, agents, and brokers
- Develops knowledge of industry trends, regulatory changes, and market conditions
- Develops effective business relationships with internal and external customers/coworkers in order to attract and retain profitable business
- Learns to interpret, explain, and market products and services
- Learns to develop marketing strategies to promote the Company’s products to brokers and agents
- Develops knowledge of market trends and competition to assist with identifying opportunities for product enhancements and marketing strategies
- Organizes and participates in marketing initiatives, including presentations, industry events, and broker/agent meetings to showcase products and services
- Performs other duties as assigned
Skills
- Bachelor's Degree in Business, Finance, Economics, Risk Management and Insurance, or a related field or equivalent experience
- Generally, a minimum of 1-2 years of insurance with California Workers' Compensation
- Typically participates in a formal training program for 6 months to a year
- Performs work under close supervision and technical direction
- Works on assignments of low to moderate technical and logistical complexity
- Demonstrates basic analytical, risk assessment, and problem-solving abilities
- Develops and maintains knowledge of company policies and industry laws and regulations
- Strong interpersonal, communication, and negotiation skills
- Develops strong analytical skills and the ability to use data to analyze situations, identify problems, and develop effective solutions
Benefits
- Medical, dental, and vision coverage
- Wellness plans
- Parental leave
- Adoption assistance
- Tuition reimbursement
- Paid Time Off
- Paid holidays
- A 401(k) plan with company match
- An employee stock purchase plan
- Commuter benefits
Company Overview