<p>The Commercial Renewal Underwriter contributes to the achievement of customer group or specialty goals as well as corporate goals relating to growth, profit, renewal retention, and service and producer/client management. The new Underwriter may be assigned a book of Commercial Express and/or standard renewals. This posting is specific to a Marine Facilities Yacht Club Program.</p> <p>Responsibilities:</p> <ul> <li>Risk Assessment: Evaluate and analyze the risk associated with renewing insurance policies, ensuring that Chubb underwriting guidelines and standards are met </li><li>Policy Review: Review existing policies to assess performance, claims history, and changes in risk profiles to determine appropriate renewal terms and premiums at least 120 days prior to renewal </li><li>Client Communication: Collaborate with brokers to discuss renewal terms, address inquiries, and negotiate adjustments as necessary </li><li>Data Analysis: Utilize Chubb data and analytics tools to identify trends and determine the adequacy of pricing and coverage for renewal business </li><li>Documentation Management: Ensure all underwriting documentation is complete, accurate, and compliant with internal policies and regulatory requirements no more than 60 days after binding </li><li>Risk Mitigation: Identify potential risks and suggest risk mitigation strategies to enhance underwriting practices and minimize exposure </li><li>Collaboration: Work closely with other departments, including claims and actuarial teams, to gather insights and feedback that inform renewal decisions </li><li>Market Research: Stay current with industry trends, market conditions, and competitor offerings to make informed underwriting decisions, i.e. mindful deployment of limits and attachments </li><li>Regulatory Compliance: Ensure all renewal processes follow regulatory requirements and company policies, maintaining adherence to legal standards </li><li>Continuous Improvement: Contribute to the development and enhancement of underwriting processes and policies to improve efficiency and effectiveness </li></ul>