Underwriter, Digital Health
Apply now »Date: Nov 19, 2024
Location: Chicago, IL, US
Company: Odyssey
Hudson is a market-leading specialty insurer that offers a wide range of property and casualty insurance products to corporations, professional firms and individuals through retailers, wholesalers and program administrators.
We focus our attention and our resources on finding high-quality solutions that give our business partners, producers, and policyholders a safe harbor for the risks they face.
Headquartered in New York City with offices throughout the U.S. and in Vancouver, Canada, Hudson underwrites excess insurance on an admitted basis through Hudson Insurance Company and on a non-admitted basis through Hudson Excess Insurance Company.
Collectively known as Hudson Insurance Group, its companies are rated A+ (Superior) by A.M. Best, Financial Size Category XV. Hudson Insurance Group is the U.S. Insurance Division of the Odyssey Group, a leading global provider of reinsurance and specialty insurance. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited.
Position Summary: The Digital Health Underwriter within Hudson Healthcare is responsible for the underwriting and servicing of Ancillary Digital Health accounts nationwide.
Essential Duties:
- Underwrites new and renewal business to achieve desired financial results.
- Performs analyses including risk selection, loss experience, risk exposure, terms and contract conditions, pricing, financial review of clients to identify potential and profitable clients.
- Identifies potential exposures in relation to coverage being requested and individual risk characteristics.
- Adheres to current underwriting policy, practices, standards and procedures when negotiating on behalf of the Healthcare business unit.
- Interacts with Actuarial on risk pricing, Claims on analysis of loss experience and Risk Management on risk selection.
- Reviews and fine-tune quotes and binders and reviews policies for accuracy.
- Prepares for and attends individual risk underwriting meetings with clients, prospects and brokers.
- Travels as needed to develop and maintain beneficial broker relationships and to develop new business opportunities.
- Identifies and develops broker relationships and appropriate prospects.
- Supports the training and development of underwriting colleagues.
- Maintains current knowledge of industry events and technical development.
- Represents Hudson professionally whether internally or externally at broker/agent offices and at industry events.
- Maintains account analysis and all related underwriting documentation in online policy files and ensures the contents of those file folders meet department standards.
- Underwrites multiple lines of business including PL, GL, Products, Tech E&O and Tech Products, and Cyber coverages
- Is familiar with Digital Health, Telemedicine, and Telehealth industries or possess a strong desire to learn about these fields
Skills, Knowledge and Abilities:.
- Strong analytical skills.
- Ability to effectively and independently manage workload while exhibiting sound judgment.
- Excellent written and verbal communication skills.
- Team oriented.
- Ability to effectively interact with all levels of internal and external business partners.
- Ability to maintain confidentiality of company-sensitive data.
- Ability to be creative and adaptable in a changing business environment.
- Strong computer skills needed with proficiency in PowerPoint, Excel, Outlook and Word.
Education/Experience:
- Bachelor’s degree, ideally with a major/concentration in Business, Economics or Management.
- 3 to 5 years of underwriting experience handling primary medical malpractice or Tech E&O and Cyber liability coverages for various types of businesses within the Digital Health field (e.g. Remote Patient Monitoring, Live Video, Store & Forward, Technology Companies, Mobile Health.)
- Strong relationships with medical malpractice or Cyber and Technology brokers is beneficial.
In New York City, NY the pay range for the role is 100,000-150,000. The specific offer will depend on an applicant’s skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. In addition, Hudson/Odyssey offers a comprehensive benefits package. This range is specific to New York City, NY and may not be applicable to other locations.
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Nearest Major Market: Chicago