Commercial Underwriter Objective
To underwrite designated commercial lines of insurance. To implement company philosophy and underwriting guidelines in the acceptance and rejection of risks, pricing, classification, hazard recognition, and providing service to policyholders, Farm Bureau Insurance agents and their staff.
Commercial Underwriter Responsibilities
Evaluate, examine and physically survey risks submitted for coverage by Farm Bureau Insurance agents. Accept, modify or reject risks based upon all relevant information available, including guidelines, directives, inspections and claims information.
Properly classify and rate risks, verify coverage amounts, and develop appropriate premium. Work with Farm Bureau Insurance agents, and in some cases insureds, to determine exposure and appropriate coverages.
Monitor exposure of individual risks by the review of pictures, inspections, claims, consumer reports, renewal surveys, audits and communications with Farm Bureau Insurance agents.
Commercial Underwriter Qualifications
Required: Bachelor's degree required, or equivalent experience may be considered.
Minimum one-year experience in commercial underwriting or commensurate insurance industry required.
Must possess a valid driver license with an acceptable driving record. Associate in Commercial Underwriting (AU) or Associate in Personal Insurance (API) required, or must be completed within 24 months of hire, or equivalent education may be considered.
Preferred: Chartered Property Casualty Underwriter (CPCU) designation preferred.
PM19
Compensation details: 7 Yearly Salary
PI712339ebfa07-7931
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