Insurance Placement Specialist

Summary

The job is for a Commercial Insurance Placement Specialist at World Insurance Associates. The role involves coordinating placement activities, understanding the global insurance industry marketplace, and maintaining relationships with underwriters and clients. The candidate should have 3 to 5 years of industry experience in commercial insurance brokerage, placement, carrier underwriting, and carrier relationship management.

Requirements

• 3 to 5 years industry experience in commercial insurance brokerage, placement, carrier underwriting, and carrier relationship management role; or in combination
• Complete and thorough understanding of a national insurance broker’s sales, service, and placement process

Responsibilities

• Comprehensive understanding of World’s scope of expertise, structure, distribution strategy, and value proposition
• Broad and diverse knowledge of the global insurance industry marketplace including Small Commercial and Middle Market account segments, Standard property and casualty products, Excess and Surplus Lines marketplace and how to access, Commercial Insurance program designs
• Coordinate placement strategy with World Client Advisers and Account Executives to achieve optimal outcomes for clients and prospective clients
• Lead a competitive coverage placement process and demonstrate strong negotiation skills to achieve appropriate cost, coverage, and capacity targets for clients and prospective clients
• Maintain productive and responsive relationships with underwriters at World’s key Trading Partners
• Participate as requested by senior staff in program design and placement strategy meetings with client advisors and account executives
• Promote utilization of strategic Trading Partners critical to maintaining secure and dependable relationships for World to generate optimal outcomes for clients and prospective clients
• Collaborate with National Placement resources as necessary to ensure client’s and prospective client’s coverage needs are comprehensively addressed
• Support senior staff in larger, more complex placements as requested
• Recommend commercial insurance program designs to the Client Advisor and/or Account Executive after review with senior staff
• Assist with the preparation of submissions and applications required by the underwriting community
• Direct submissions to the appropriate trading partners and negotiate best in class coverage terms, conditions, capacity, and cost
• Prepare coverage comparisons based upon quotations and proposals received from underwriters
• Serve as secondary internal source of information concerning market trends, pricing practices, and other underwriting policies
• Maintain focus on World-authorized workflow and standard operating procedures to support consistency across the World enterprise

Preferred Qualifications

• Preferred insurance designation such as ARM or CPCU
• Licensed Property & Casualty insurance producer in resident state