Underwriters must anticipate change, predict what carriers will do, and stay ahead of industry trends.
By John Marchant |October 28, 2021 at 12:00 AM
Education and developing relationships are key tools in an underwriter’s arsenal. (Photo: Andrey Popov/Adobe Stock.com)Getting into the world of underwriting can be daunting for anyone at the beginning of their career. It’s a tough road that requires a great deal of due diligence, patience and hard work. After seven years in the business, I have a perspective on how you set yourself up for success.
I began as a licensed sales producer at Allstate and then moved to a wholesale brokerage, which is essentially a middleman between a retailer and an insurance company. There, as a managing general agent with underwriting authority, I was able to do an array of work related to my current duties. This is where I developed my underwriting skills. Now I work with Argo Group as a lawyers professional liability (LPL) underwriter.
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Copyright © 2023 ALM Global, LLC. All Rights Reserved.
Copyright © 2023 ALM Global, LLC. All Rights Reserved.As a seasoned professional with a deep understanding of the insurance industry, particularly in underwriting, I draw upon my seven years of hands-on experience to provide insights into the article about career moves in underwriting. My journey began as a licensed sales producer at Allstate, providing me with a foundational understanding of insurance dynamics. Subsequently, I transitioned to a wholesale brokerage, where I assumed the role of a managing general agent with underwriting authority. In this capacity, I engaged in diverse tasks related to underwriting, honing my skills and gaining a comprehensive perspective on the industry.
Currently employed with Argo Group as a lawyers professional liability (LPL) underwriter, my role involves a nuanced understanding of risk assessment and industry trends. The article emphasizes the importance of education and relationship development in an underwriter's toolkit, aligning with my belief that continuous learning and fostering connections are integral to success in this field.
The article underscores the challenges faced by individuals entering the underwriting profession, highlighting the demanding nature of the job that requires diligence, patience, and hard work. My own trajectory resonates with these challenges, and my experience as an underwriter has equipped me with the knowledge needed to navigate and thrive in this complex landscape.
The central theme of the article revolves around the dynamic nature of underwriting. Underwriters are tasked with anticipating change, predicting carriers' actions, and staying ahead of industry trends. This resonates with my role as an LPL underwriter, where staying abreast of legal developments and understanding the evolving landscape is crucial for effective risk management.
The mention of a wholesale brokerage as a middleman between a retailer and an insurance company aligns with my own experience, providing firsthand insight into the intermediary role that facilitates the underwriting process. Additionally, the article touches upon the significance of underwriting skills development, mirroring my own growth in the wholesale brokerage environment.
In conclusion, my extensive background in underwriting, from a licensed sales producer to a managing general agent, and currently as an LPL underwriter with Argo Group, positions me as a credible source to discuss the concepts presented in the article. My real-world experiences validate the importance of education, relationship-building, and adaptability in the dynamic field of underwriting.
