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Insurance Underwriting Analyst Jobs in Wisconsin

BWO Insurance

Personal Insurance Advisor

Franklin, WI · On-site

Strong understanding of personal insurance underwriting, coverage, and rate analysis. * Highly detail-oriented with the ability to prioritize and manage multiple tasks. * Demonstrates timeliness ...

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Insurance Underwriting Analyst information

What does an insurance underwriting analyst do?

An Insurance Underwriting Analyst evaluates insurance applications to determine the level of risk involved in insuring an individual or organization. They analyze data on applicants, such as financial status, health, and other risk factors, to decide whether coverage should be provided and at what premium. Their work helps insurance companies set appropriate policies and premiums to maintain profitability while offering fair coverage to clients. Additionally, they often collaborate with underwriters and agents to review guidelines and ensure compliance with regulations.

What are the key skills and qualifications needed to thrive as an insurance underwriting analyst?

To thrive as an Insurance Underwriting Analyst, you need strong analytical skills, attention to detail, and a solid foundation in finance or business, often supported by a bachelor's degree. Familiarity with underwriting software, risk assessment tools, and industry certifications like CPCU or AU is typically required. Excellent communication, critical thinking, and decision-making skills help analysts interpret complex data and collaborate effectively with clients and colleagues. These competencies are crucial for accurately evaluating risk, setting appropriate premiums, and ensuring the profitability and compliance of insurance portfolios.

How does an insurance underwriting analyst typically collaborate with other departments within an insurance company?

Insurance Underwriting Analysts work closely with a variety of teams, including claims, sales, actuarial, and risk assessment departments. They often consult with these teams to gather necessary information, clarify risk factors, and ensure that policies are accurately priced and compliant with regulations. Effective communication and teamwork are essential, as analysts need to balance the interests of the company with customer needs while maintaining regulatory standards. This collaboration helps ensure that underwriting decisions are well-informed and support the overall goals of the organization.

What is the difference between Insurance Underwriting Analyst vs Insurance Underwriter?

AspectInsurance Underwriting AnalystInsurance Underwriter
CredentialsBachelor's degree in finance, economics, or related field; some certifications like CPCU or ARMBachelor's degree often required; certifications like CPCU or AIC are common
Work EnvironmentAnalyzing data, assessing risk, supporting underwriting decisionsEvaluating applications, making risk decisions, approving policies
Industry UsageUsed in insurance companies, brokerage firms, and risk managementPrimarily in insurance companies and agencies

Insurance Underwriting Analysts support underwriters by analyzing data and assessing risk, while Insurance Underwriters make the final risk decisions and approve policies. Both roles require similar credentials and work in comparable environments, but their responsibilities differ in scope and decision-making authority.

How much does an insurance underwriting analyst make?

An insurance underwriting analyst typically earns between $50,000 and $80,000 annually, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn higher salaries. Certifications such as CPCU or ARM can also influence compensation.

Is an insurance underwriting analyst a good job?

An insurance underwriting analyst is a stable role that involves evaluating insurance applications, assessing risk, and determining policy terms. It typically requires strong analytical skills, attention to detail, and knowledge of insurance policies and regulations. The job offers opportunities for career advancement and often includes benefits such as a regular schedule and professional development options.

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For Insurance Underwriting Analyst jobs in Wisconsin, the most frequently searched job titles are:

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The top searched job categories for Insurance Underwriting Analyst jobs in Wisconsin are:

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Cities in Wisconsin with the most Insurance Underwriting Analyst job openings:

Insurance Underwriting Analyst jobs near you

Specialty Insurance Underwriting and Products Practice Leader

Sentry Insurance

Stevens Point, WI • Hybrid

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 14 days ago

Sentry Insurance rating

8.7

Company rating: 8.7 out of 10

Based on 46 frontline employees who took The Breakroom Quiz

72nd of 315 rated insurance

Job description

At Sentry, we are looking for an analytical and results driven individual to join our Corporate Underwriting team as a Specialty Insurance Underwriting & Products Practice Leader. In this role you will be a technical resource for specialty products, evaluate financial results, develop strategic initiatives, and implement them through the business units to ensure attainment of premium and loss goals for the assigned line of business. You’ll research and evaluate possible new specialty commercial lines opportunities to drive growth while staying informed on current and future markets and competitive forces.

What You’ll Do

As a Specialty Insurance Underwriting & Products Practice Leader you’ll plan, organize, and control insurance products from conceptual stages through product life cycles, oversee the development of products, sophisticated pricing tools, technical underwriting guidelines, handle referrals that are outside of Program Manager authority, and participate in audits of Program Managers.

Additionally, you’ll:

  • Collaborate with internal and external business partners to develop specialty insurance underwriting and product development strategies to achieve corporate business plans.

  • Oversee the development of specialty insurance policies and standards for product development to ensure projects are effectively managed and meet product requirement specifications, on time and at the appropriate quality level.

  • Discover, propose, develop, and evaluate new specialty insurance product ideas, enhancements to existing products, or strategic product extensions.

  • With the highest underwriting authority level, review accounts that are outside of the business area authority that are referred for acceptability; deliver sound underwriting decisions on an individual account basis.

What it Takes

  • Bachelors Degree or equivalent work experience

  • 8+ years of related work experience in commercial specialty products in both admitted and non-admitted space required

  • Associate in Underwriting preferred

  • Chartered Property/Casualty Underwriter preferred

  • Effective organizational skills, human relations, analytical, and communication skills

  • Ability to handle multiple and complex tasks

  • Knowledge of Sentry’s insurance products, distribution systems, markets, and products beneficial

  • Knowledge of marketing techniques, trends, and concepts

  • Excellent negotiation, project management, and problem-solving skills

  • Strong attention to detail and critical thinking skills

What You’ll Receive

At Sentry, your total rewards go beyond competitive compensation. Below are some benefits and perks that you’ll receive.

  • Sentry is happy to offer flexibility through a scheduled Hybrid work model. Monday and Friday work from home if you choose to, Tuesday through Thursday in office.

  • As a Sentry associate, you will have an in-office workspace and materials for your home office. In addition to the laptop you will receive prior to your start, Sentry will provide equipment for your home office.

  • Meal Subsidy available for associates who report to an office.

  • 401(K) plan with a dollar for dollar match on your first eight percent, plus immediate vesting to help strengthen your financial future.

  • Continue your education and career development through Sentry University (SentryU) and utilize our Tuition Reimbursement program.

  • Generous Paid-Time Off plan for you to enjoy time out of the office as well as Volunteer-Time Off.

  • Group Medical, Dental, Vision, Life Insurance, Parental Leave, and our Health and Wellness benefits to encourage a healthy lifestyle.

  • Well-being and Employee Assistance programs.

  • Sentry Foundation gift matching program to encourage charitable giving.

About Sentry

We take great pride in making Forbes’ list of America’s Best Midsize Employers. A lot of different factors go into that honor, many of which contribute to your job satisfaction.

Our bright future is built on a long track record of success. We got our start in 1904 and have been helping businesses succeed and protect their futures ever since. Because of the trust placed in us, we’re one of the largest and financially strongest mutual insurance companies in the United States. We’re rated A+ by A.M. Best, the industry's leading rating authority.

Our headquarters is in Stevens Point, Wisconsin, with offices located throughout the United States. From sales to claims, and information technology to marketing, we enjoy a rewarding and challenging work environment with opportunities for ongoing professional development and growth.

Get ready to own your future at Sentry. Opportunities await!

Casey Van Der Geest

Casey.VanDerGeest@sentry.com

Equal Employment Opportunity

Sentry is an Equal Opportunity Employer. It is our policy that there be no discrimination in employment based on race, color, national origin, religion, sex, disability, age, marital status, or sexual orientation.

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