How to Become a Property Casualty Underwriting Director
Step 1: Understand the job description and responsibilities of a Property Casualty Underwriting Director
What does a Property Casualty Underwriting Director do?
A Property Casualty Underwriting Director directs and oversees the property/casualty insurance underwriting program for individuals and/or groups. Responsible for ensuring integrity of underwriting activities and processes. Being a Property Casualty Underwriting Director develops guidelines and procedures regarding risk exposure, application renewal, acceptance, modification, and denial. Manages staff of property/casualty underwriters at the organization. Additionally, Property Casualty Underwriting Director provides assistance to underwriters on more complex applications. Has a strong knowledge of the underwriting discipline. Requires a bachelor's degree. Typically reports to top management. The Property Casualty Underwriting Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Property Casualty Underwriting Director typically requires 5+ years of managerial experience.
FCCI Insurance Group is a trusted provider of comprehensive property & casualty coverage in 19 states.
We are a Property & Casualty Managing General Agency seeking a Personal Lines Underwriter.
The Excess Casualty Underwriting Specialist contributes to the growth and profitability of assigned specialty product line(s) through marketing, unde.
Seeking a Farm & Ranch Underwriter to assist in all aspects of underwriting and rating new and formal Farm, Ranch and Auto Risks.
Digital tools such as Underwriting Decision Optimizer and Front Desk Assistant are part of our end-to-end underwriting solution, based on our Genpact Cora platform.
Step 2: Learn best tips to become a Property Casualty Underwriting Director
Best tips for those who want to become a Property Casualty Underwriting Director
Here are some tips to become a Property Casualty Underwriting Director.
NAIC Market Regulation Handbook.
NAIC Financial Examiners Handbook.
Step 3: View best colleges and universities for Property Casualty Underwriting Director
Best colleges and universities for Property Casualty Underwriting Director
- Butler University
- Carroll College
- Cooper Union
- High Point University
- Princeton University
- Providence College
Step 4: Think about whether is it worth to be a Property Casualty Underwriting Director
Is being a Property Casualty Underwriting Director Worth it?
This position requires that incumbents must attain and maintain current state insurance license in property, casualty and life.
Property & Casualty insurance license or Life, Accident & Health license must able to attain.
Five years professional experience in regulatory compliance within the property and casualty insurance industry.
Preferred 7-10 years' experience dealing with high net worth clientele in property and casualty insurance.
10+ years of work experience, preferably in Property and Casualty insurance or reinsurance or consulting.
Step 5: Prepare relevant skills for being a Property Casualty Underwriting Director
What skills do you need to be a Property Casualty Underwriting Director?
Due to the management level associted with this job, many skills are required to being successful and ensuring the success of your team. It is necessary to be able to excel with: Policy Analysis, Reinsurance, Underwriting, Risk Analysis, Contract Review, Denial Administration, Insurance Regulatory Guidelines, Loss Run Analysis. For management positions, some skills may come as a no brainer, for this role those would be: Insurance Software, Underwriting & Rating Software. As you can tell, it is no easy feat to be a manager, and the skills required reflect that.
Familiarity with the property/casualty insurance industry required.
1-3 years prior property and casualty rating experience.
Knowledge of multiple lines of business within the commercial property and casualty sphere.
Utilize basic understanding of product & underwriting guidelines.
Property and Casualty Producers license or pursuit thereof required.
Step 6: View average salary for Property Casualty Underwriting Director
How much does a Property Casualty Underwriting Director make?
The average salary range for a Property Casualty Underwriting Director is from $163,622 to $208,102. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Property Casualty Underwriting Director jobs
- Property Casualty Insurance Underwriting Director
- Property Casualty Underwriting Manager
- Property Casualty Underwriting Supervisor
- Top Property Casualty Underwriting Executive
- Chief Property Casualty Underwriting Executive
- Vice President of Property Casualty Underwriting
- Property Casualty Insurance Underwriting Manager
- Property Casualty Insurance Underwriting Supervisor
- P/C Underwriting Director