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Preferred Risk Insurance Jobs in Wisconsin (NOW HIRING)

WPS

Director of Cyber Risk & Assurance

Madison, WI · On-site +1

$185K - $225K/yr

Our Director of Cyber Risk & Assurance within our Enterprise IT Security team leads our enterprise ... Preferred Qualifications * Experience in healthcare, insurance, government contracting, Medicare ...

ThedaCare

Accountant

Appleton, WI · On-site

... risk insurance coordination, and community benefit reporting. QUALIFICATIONS: * Bachelor's degree in Accounting. * Two years of accounting experience, preferred. * Healthcare experience, preferred.

ThedaCare

Accountant

Appleton, WI · On-site

... risk insurance coordination, and community benefit reporting. QUALIFICATIONS: * Bachelor's degree in Accounting. * Two years of accounting experience, preferred. * Healthcare experience, preferred.

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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 Wisconsin? For Preferred Risk Insurance jobs in Wisconsin, the most frequently searched job titles are:
What job categories do people searching Preferred Risk Insurance jobs in Wisconsin look for? The top searched job categories for Preferred Risk Insurance jobs in Wisconsin are:
What cities in Wisconsin are hiring for Preferred Risk Insurance jobs? Cities in Wisconsin with the most Preferred Risk Insurance job openings:
Preferred Risk Insurance jobs near you
Account Manager, Private Client

Account Manager, Private Client

Risk Strategies

Mount Pleasant, WI

Full-time

Posted 9 days ago

Risk Strategies rating

8.0

Company rating: 8.0 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

145th of 261 rated insurance

Job description

The Account Manager, Private Client will fulfill an integral role in developing cohesive relationships with clients by serving as a strategic advisor for coverage related inquiries and analysis, driving renewal efforts, and partnering with producers on prospective marketing initiatives. Additionally, this role will help to educate clients regarding their protection limitations and opportunities and help drive enterprise growth through cross-sell and up-sell initiatives.

Your Impact:

  • Building and maintaining constructive and effective relationships with internal and external clients by meeting and exceeding service expectations for assigned book of business
  • Actively service and retain existing accounts to mitigate client risk and exposure
  • Maintain appropriate system records of service, marketing, and policy communications with clients and carriers by documenting and updating electronic files in agency management system
  • Respond to client inquiries, service requests and claims issues within established timelines
  • Participating in the retention of renewal business
  • Execute coverage analysis: enlist assistance of other departments when applicable, notify client of coverage gaps, provide client with quotations for additional coverages, and document our proposal in addition to client's acceptance/declination in agency management system
  • Interact with Producers and PCS Leaders to make coverage recommendations and engage in account rounding activities
  • Market, analyze, negotiate and prepare carrier renewals, including alternative renewal options
  • All other duties assigned by PCS Regional Leader as needed

Successful Candidates Will Have:

  • 5+ years' Personal Lines client management experience
  • Valid P&C brokers' license
  • College degree preferred
  • Industry specific designations preferred- CAPI, CPRIA, CIC or similar
  • Proficient in insurance agency management systems: AMS 360, WorkSmart and EPIC preferred
  • Extensive knowledge of Private Client underwriting, coverage and procedures

Risk Strategies is the 9th largest privately held U.S. brokerage firm offering comprehensive risk management advice, insurance and reinsurance placement for property & casualty, employee benefits, private client services, as well as consulting services and financial & wealth solutions. With more than 30 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities, and individuals, and has access to all major insurance markets. Risk Strategies is an Accession Risk Management Group company, with over 200 offices and more than 5,000 employees across the U.S. and Canada.

Our industry recognition includes being named a Great Place to Work, Best Places to Work in Insurance, and on the Inc. 5000 list as one of America's Fastest Growing Private Companies. We are committed to being good stewards for our company, culture, and communities by having a strong focus on Environmental, Social, and Governance issues.

Risk Strategies is an equal opportunity workplace and is committed to ensuring equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, Veteran status, or other legally protected characteristics. Learn more about working at Risk Strategies by visiting our careers page: www.risk-strategies.com/careers.

Personal information submitted by California applicants in response to a job posting is subject to Risk Strategies'California Job Applicant Privacy Notice.

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