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Preferred Risk Insurance Jobs in Pennsylvania (NOW HIRING)

Heffernan Insurance Brokers

Risk Analyst

Media, PA · On-site

$55K - $70K/yr

We are looking for motivated, detail oriented people for our Risk Analyst position ... Knowledge of insurance industry practices and regulations preferred. * Superior communication ...

STV

Risk Management Specialist

Philadelphia, PA

$86K - $98K/yr

... preferred * Ability to obtain certification within six (6) months is strongly encouraged Key Skills ... Health insurance, including an option with a Health Savings Account Dental insurance Vision ...

Chubb

Senior Risk Analyst

Philadelphia, PA

Leveraging their expertise in risk management and insurance, the candidate will help ensure that ... preferred) * Ability to work both independently and within a team environment using multiple ...

AEG

Director, Risk Management

Conshohocken, PA · On-site

Essential Duties and Responsibilities • Review contractual indemnity and insurance language and ... preferred • Demonstrated experience with RMIS platforms (e.g. Origami) • Proven experience ...

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Preferred Risk Insurance information

What are the key skills and qualifications needed to thrive as a Preferred Risk Insurance Underwriter, and why are they important?

To thrive as a Preferred Risk Insurance Underwriter, you need a solid understanding of risk assessment, insurance policies, and underwriting principles, typically supported by a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, industry databases, and insurance regulations is crucial, and professional certifications like CPCU or AU are often preferred. Strong analytical thinking, attention to detail, and effective communication are vital soft skills for evaluating applications and collaborating with agents or clients. These skills ensure accurate risk evaluation, profitable decision-making, and regulatory compliance within the insurance industry.

What are some common challenges faced by professionals working in Preferred Risk Insurance, and how can they effectively address them?

Professionals in Preferred Risk Insurance often face the challenge of accurately assessing and underwriting applicants who fall within favorable risk categories, while ensuring compliance with regulatory standards. Balancing competitive pricing with profitability is another key challenge, as is staying updated on evolving risk factors and industry trends. To address these issues, it's important to maintain strong analytical skills, foster clear communication with underwriting and sales teams, and regularly participate in training sessions or industry seminars. Collaboration with actuaries and claims specialists is also essential to ensure consistent risk evaluation and policy management.

What is Preferred Risk Insurance?

Preferred Risk Insurance refers to insurance policies offered to individuals or businesses that are considered low risk by insurance companies. These policyholders typically have a favorable claims history, good credit, and other positive risk factors, which can result in lower premiums and better coverage options. Preferred risk categories exist in various types of insurance, including auto, home, and life insurance, and are used by insurers to reward responsible customers. Being classified as a preferred risk can help you save money and access more comprehensive insurance products.

What is the difference between Preferred Risk Insurance vs Commercial Insurance Agent?

AspectPreferred Risk InsuranceCommercial Insurance Agent
CredentialsLicenses required, often with specific state certificationsSame licenses, may require additional certifications for commercial policies
Work EnvironmentPrimarily office-based, handling personal insurance policiesOffice and client meetings, handling business and commercial policies
Industry UsageUsed by insurance companies to classify low-risk clientsUsed by agents to sell various insurance products, including commercial policies

Preferred Risk Insurance typically refers to clients or policies with lower risk profiles, often handled by agents specializing in personal insurance. Commercial Insurance Agents focus on selling policies for businesses, which usually involve higher risks. While both roles require licensing and industry knowledge, Preferred Risk Insurance emphasizes low-risk personal policies, whereas Commercial Insurance Agents deal with business-related coverage.

What are popular job titles related to Preferred Risk Insurance jobs in Pennsylvania? For Preferred Risk Insurance jobs in Pennsylvania, the most frequently searched job titles are:
What job categories do people searching Preferred Risk Insurance jobs in Pennsylvania look for? The top searched job categories for Preferred Risk Insurance jobs in Pennsylvania are:
What cities in Pennsylvania are hiring for Preferred Risk Insurance jobs? Cities in Pennsylvania with the most Preferred Risk Insurance job openings:
Preferred Risk Insurance jobs near you
Risk Analyst

Risk Analyst

Heffernan Insurance Brokers

Media, PA • On-site

$55K - $70K/yr

Full-time

Posted 12 days ago

Job description

Objective:
Join the Porter & Curtis Division of Heffernan Insurance Brokers! We have a consultative commercial insurance model that provides superior client service day in and day out. Our culture is one of innovation; we embrace the notion that anything is possible. You will be exposed to the world of commercial insurance and risk management. We provide a comprehensive training and mentoring program to give you the initial knowledge and background to get started; how far you grow with us from there is up to you! We are looking for motivated, detail oriented people for our Risk Analyst position.
Responsibilities Include:
  • Creating underwriting submissions
  • Analyzing insurance exposure and claims data
  • Producing insurance documents
  • Responding to customer questions and requests
  • Analyzing coverage and coverage documents

Requirements:
  • Education - High School graduate/GED required.
  • Minimum of 2+ years experience n a professional setting
  • Knowledge of insurance industry practices and regulations preferred.
  • Superior communication skills (written and verbal)
  • Attention to detail
  • Commitment to learning and developing skills and knowledge
  • Strong math/analytical skills
  • Strong command of technology
  • Superior skills with MS Office, specifically MS Excel

Compensation:
The salary range for this position is $55,000 to $70,000. The offer will depend on the geographic region, job-related knowledge, skills, and experience, among other factors. This role may also be eligible to participate in a discretionary annual incentive program. Heffernan offers a comprehensive benefits package; more details on which can be found at https://www.heffins.com/about-us/careers.
Heffernan Habits:
These are core values that represent our unique culture.
  • Answer The Phone (And Email): Communication is the foundation of success in life, work, and relationships. It begins with being present and responsive to both clients and colleagues. Listen to what is said and notice what goes unsaid.
  • Have Fun: Fun is something we don't shy away from, and participation brings us together on many different levels. Take the time to know your colleagues and let barriers fall away. If we are happy and enjoy time together, we will do a better job for our clients and for one another!
  • Be Respectful: Lend a hand, be kind, and smooth the path. Respect is the cornerstone of developing and maintaining strong relationships. Lead with humility, take ownership of your actions, and ease the way for others. We are in this together as a team, as a family, and as trusted advisors to many.
  • Do Good: This is our core. We strive to do good for our clients, our community, and our planet.
  • Celebrate & Value Our Differences: "Because You're Different". It is our differences, when valued and amplified, that allow us to innovate, to learn, to connect, and to stand apart from the rest.

Working Conditions:
  • Work environment is indoors, sitting at a desk or standing for extended periods of time.
  • Daily use of computers, keyboard, mouse, headset, printers, and other commonly used office equipment.
  • This position may require flexibility to work hours outside of a regular schedule.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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