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Insurance Underwriting Analyst Jobs in Wisconsin

... to review, analyze and complete transactions. * Utilize and adhere to internal guidelines ... Willingness to work toward insurance designation (AINS) * Intermediate level of proficiency in MS ...

E&S Underwriter

Madison, WI · On-site

$80K - $125K/yr

Minimum 5 years underwriting E&S commercial insurance, ideally 7+. Candidates with 5+ years brokering E&S commercial lines will be considered where technical risk analysis skills are strong and the ...

The Actuarial Analyst performs pricing, reserving, forecasting, and analytical work within a Property & Casualty insurance environment. This position works closely with Underwriting, Claims, Finance ...

Strong analytical, negotiation, and portfolio management skills. * Excellent communication and ... With deep, specialized underwriting expertise, the company delivers a wide range of insurance ...

Showing results 41-60

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.

What job categories do people searching Insurance Underwriting Analyst jobs in Wisconsin look for?

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

What cities in Wisconsin are hiring for Insurance Underwriting Analyst jobs?

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

Senior Production Underwriting Specialist (Hybrid)

American Family Mutual Insurance Company Si

Madison, WI • On-site

$88K - $145K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 10 days ago


American Family Insurance rating

7.5

Company rating: 7.5 out of 10

Based on 136 frontline employees who took The Breakroom Quiz

226th of 315 rated insurance


Job description

Position Compensation Range:

$88,000.00 - $145,000.00

Pay Rate Type:

Salary

Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.

The Senior Production Underwriting Specialistsupports Commercial Underwriting leaders in achieving their financial, workforce, and operational objectives by transforming complex data into actionable insights. You will connect data across financial, capacity, and operational domains to uncover performance drivers, frame tradeoffs, and translate complex information into clear, compelling narratives that help leaders understand what is changing, why it matters, and where to focus decisions and action. You will report to the Senior Manager, Underwriting Performance.

In this flex office/home role, you will be expected to work a minimum of 10 days per month from Madison, WI 53783; Boston, MA 02110 or St. Joseph, MO 64507

Internal candidates are encouraged to apply and should review the internal mobility guidelines in the hybrid policy reference guide for more information on potential relocation.Depending on the candidate pool, this position may be filled at a lower level to maintain alignment with experience and qualifications.

We will not consider candidates who require current or future sponsorship for this position

Primary Accountabilities

  • You will work with internal business partners to develop metrics, prepare reports and deliver underwriting data and analysis that supports the overall underwriting strategy and improves underwriting operations.
  • You will lead projects and initiatives to support the understanding of underwriting performance from a book perspective as well as from Operations perspective
  • You will provide the UW organization withprogress of underwriting initiatives as well as identify and address class/segment performance issues inclusive of profit and growth finding
  • You will ensure analysis and reporting accuracy and integrity and explain performance drivers and provide insights into performance trends.
  • You will communicate findings to various stakeholders and leadership with recommendations for actions to address business changes, trends, and issues.

Specialized Knowledge & Skills Requirements

  • Demonstrated experience providing customer-driven solutions, support, or service.
  • Demonstrated experience leveraging data to identify insights and leveraging those insights to improve performance.
  • Solid knowledge and understanding of property and casualty insurance practices, standards, and concepts.
  • Solid knowledge of underwriting guidelines, compliance, and risk concepts in area of expertise.
  • Demonstrated problem solving, critical thinking, quantitative and analytical skills.
  • Strong excel skills required, ability to pull data and create dashboards preferred
  • Travel requirements up to 10%

Additional Qualifications

  • Experience providing robust business insight via data storytelling
  • Demonstrated experience utilizing software tools to query and report data.
  • High-level understanding of database, data structures, visualization tools
  • Experience Google Cloud Platform (specifically Big Query), Tableau & Data Studio (preferred)
Additional Information
  • To ensure a strong start, all employees participate in our New Employee Orientation during their first week. This experience is held in person at our Madison, WI Headquarters or one of our AmFam core locations to help you connect with our mission, meet key team members and build relationships that support your growth. At times, sessions may be delivered virtually based on scheduling and availability.
  • Offer to selected candidate will be made contingent on the results of applicable background checks
  • Offer to selected candidate is contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions
  • Sponsorship will not be considered for this position unless specified in the posting

We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.

We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.

American Family Insurance is committed to the full inclusion of all qualified individuals. If a reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please email AskHR@AmFam.com to request a reasonable accommodation.


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