11/27/2022: Due to a local power outage, the MPL Association’s phone system is currently offline. For email addresses, please see the Staff Directory.
Join us for the second of two exclusive online MPL Investment and Asset Management Thought Leader Forums.
The MPL Association’s Government Relations Department provides insights from the 2023 state legislative sessions across the country, including an analysis of the multiple states that took significant steps to address caps on damages.
Headwinds Continue for MPL Insurance Sector Despite Improvement in 2022
A recent sector report from the MPL Association found that in 2022, the MPL insurance market presented mixed results. While the industry’s combined ratio improved, posting its best results since 2017, the industry hasn’t generated an underwriting profit in nearly a decade.
This position supports our healthcare professional liability line of business and is based in Austin TX. We offer a fully flexible work arrangement and report to an office as needed for meetings and special events.
The primary responsibility is to provide support the underwriting group by underwriting business that will produce an underwriting profit. The Underwriter will review submissions and identify exposure and risk, determine accurate classifications and rates, and may answer questions concerning a policy status or billing for policies. Under the guidance of Underwriting Management, the Underwriter will analyze applications and screen applicants based on certain criteria, and ensure that policy transactions such as renewals or quotes are issued and changes are recorded correctly.
60% - Evaluate risk through the review of new and renewal business, determining risk acceptance, pricing terms, and conditions.
Perform underwriting functions in accordance with established standards, guidelines, rates, and coverage forms filed and approved by law in the state of responsibility.
Gather and analyze relevant financial data to identify and evaluate risk.
Examine risk profile and loss history and take necessary steps to ensure that each risk is appropriately classified and priced.
Create new and renewal business indications and quotes.
Approve underwriting transactions and bind coverage within authority; provide analysis and file documentation to support decisions.
Determine applicable surcharges, discounts, or credits.
15% - Participate in Committee and Department meetings. Prepare underwriting reports and reviews as requested by management.
10% - Work with internal sales and marketing to foster and maintain insured relationships, identify prospects and other opportunities for business development.
5% - Request Risk Management referrals as indicated.
5% - Work in partnership with Service Center leadership and staff to foster efficient and accurate service to our agents and insureds.
5% - Some overnight travel required for meetings with insureds; and to national trade shows or conferences.
Perform special projects as directed by management.
Apply online: https://proassurance.wd5.myworkdayjobs.com/ProAssurance/job/Austin-TX/Underwriter-Standard_R2633