Who we are:
With over 25 years of success, National Interstate is one of the leading specialty property and casualty insurance companies in the country. We offer more than 30 product lines with a focus on commercial transportation, Alternative Risk Transfer (ART), and specialty vehicle insurance. Here at National Interstate, we believe that providing quality and commitment to our customers as well as our employees is paramount to our success. Thanks to our talented and dedicated team, we are truly able to build an insurance experience around you. If you are ready to join an engaging and driven team such as ours, we would love to hear from you!
The Ignition program at National Interstate is an exciting way for college graduates to enter the workforce and not only become experts in their field, but truly understand the business that they work for!
- Spend 5weeks in intense classroom and on-the-job training
- Gain a deep understanding of our business model and value proposition
- Get exposed to other areas of the business outside of your discipline
- Shadow corporate meetings and gain a broad understanding of our place in the market
- Have access to senior management throughout the program
Underwriter Trainee Responsibilities:
Review submissions in order to decline/quote within the parameters of policy coverage's, state regulations, National Interstate's underwriting philosophy, and delegated authority.
- Analyze and interpret information such as applications, loss control reports, motor vehicle records, loss runs, and financial statements.
- Review and price commercial fleet auto insurance submissions.
- Responsible for new business production, including achievement of submission, quote, and premium objectives.
- Work with internal marketing representatives to renew a book of in-force business with an appropriate retention ratio: includes qualifying sales situations, communicating expectations, delivering sales quotes, and binding business.
- Monitor the assigned accounts waiting to be quoted so that all quotes are released to the Sales Department by the date needed, provided Sales has given adequate lead time.
- Obtain critical underwriting information (i.e., UM/UIM (Uninsured Motorist/Underinsured Motorist) rejection, collateral agreement, letter of credit, etc.) from Sales within specified time standards or, in cases on noncompliance, send a notice of cancellation.
- Place facultative reinsurance when authorized or required.
- Monitor assigned accounts, and periodically review critical underwriting information and performance against expected losses.
- Understand state insurance requirements, and provide coverage that complies with these requirements.
- Interpret documents such as loss runs, insurance policies, and procedure manuals.
- Prepare routine reports and correspondence.
- For each claim with an incurred loss of $50,000 or more, review the Claims Department's large loss report, and write a brief report including the actual account vs. expected frequency, claim patterns, and any recommendations for any additional information needed or actions that need to be taken.
- Work cooperatively with Underwriting, Sales, Claims and Accounting staff so that excellent service is provided to customers.
- Have all quotes approved by supervisor prior to release.
- Handle special projects, as assigned by the Underwriting Manager.
- All other duties as assigned by supervisor.