What's the best way to get into underwriting?

I work offshore in India to do all the dirty work for US Underwriters from booking to policy issuance and following up on subjectivities, renewals with brokers. What category do I fall under?

Someone who is not in US can attempt for CPCU?

How about underwriting backend support?

Im looking into this industry. Is there money to be made? Even with someone with a useless degree?

I know her!

looking into underwriting brought me here

I know I'm very late to the comment sections but I've been an Aircraft technician for over 7 years in the military and civilian sector. I have experience working with rotary and wixed wing aircraft, I have been recently exploring the insurance industry. I would like to hear what anyone would like to advise me to do to be able to get a role like this. Do I need to start in auto for experience in adjusting or get a license on my own beforehand? Also for what it's worth I am in the process of getting my bachelors degree but that takes time. I'd appreciate any advice

Good company to work for and easy to work on the app and great area to learn and progress as a field inspector

Wow! Its an old video that i can only find, but it truly helps. Im ready to join your company, and I am aiming to move up to Acct Executive 🙏

Tony, you're a great interviewer. I had no plans to talk about that time with the cigarette lobbyist! Thanks for having me.

how about pastor charismatic church

Can you please tell me more about adhd treatment?

She was an awful teacher she taught us programming on a blackboard and set us to failure on our first year. Not to mention she was the head of the ITU Dual Diploma program.

Always a smart and professional lady, nice to see knowledgeable comments and great advice from a long-lost friend.

No sensible boss will put his subordinate on PIP. If an employee is on PIP then his boss has made up his mind to fire the employee. The employee should waste no time in trying to change mind of his boss. People very rarely change. Also they change only when they themselves want to change not because you want them to think differently. You're best bet is use your time, energy and resources to find next job.

Hi! I don't know if anyone still looks at this video as its fairly old, I have been working in Cyber and Tech E&O for around 5 months now, I will say my day to day is pretty much speaking to brokers about accounts or networking. For cyber and Tech I would say it takes a few hours for a single account, and I look at 3-5 a day depending on my workload, but its very fun as every account is different and if we plan to move to quoting and binding usually comes with a fun talk with a broker

Ben does a great job of explaining this product. It is a super product for all of us who are a small business.

Thanks!

You talk way too fast

Loved recording this episode with you, Tony!!

Nick, what an amazing discussion. John Kummer is a brilliant person to discuss this topic is great detail. I worked with him at Safepoint when we launched. I am going to proliferate this. This is Roy Geilen by the way.

I have a phone interview for an Underwriter position in a couple days, thanks for the video I didn't even know what the job was about.

LinkedIn is critical for creating an audience. I can post a link to an article I wrote and get 10,000 hits.

I've got involved in some projects and I was told to develop document forms and technical chart format which delayed the outcomes. Also my manager kept asking to put additional items which is not from standard format but from his brain. As you can imagine, this caused constant dely of my work. Then suddenly my manager pin pointed me as under performer. Now sure what I will discuss with HR person on next Monday. I might need to revise my resume...

So good! It's true people need to know their lane and play to their talents.

🎯 Key points for quick navigation: 00:01:00 *🧑‍💼 John Kummer has a long background in insurance, moving from CPA work to significant roles in Florida's insurance regulation and founding insurance-related companies.* 00:02:45 *📊 Understanding the complexities of financial reporting in insurance is crucial, as companies must maintain statutory and GAAP accounting, which serve different regulatory purposes.* 00:05:10 *📑 Statutory accounting requires detailed reporting and is under tight deadlines, often leading to paradoxical financial outcomes for growing insurance companies.* 00:08:00 *⚠️ Citizens Insurance acts as Florida's market of last resort, regulated as a quasi-governmental entity without private capital at risk, putting Florida taxpayers potentially liable.* 00:11:30 *🔄 Depopulation is important for Citizens Insurance; it aims to reduce its market size through a formalized takeout process allowing private companies to assume its policies.* 00:14:20 *💰 Taking policies from Citizens is not a simple gift; it comes with substantial risk that can exceed premiums collected, making it crucial for firms to adequately prepare.* 00:17:00 *📉 Catastrophe modeling plays a vital role in risk evaluation for insurance portfolios, challenging the idea of cherry-picking low-risk policies.* 00:20:00 *📈 Building an insurance portfolio requires complex analysis, much like stock market investing, and involves comprehensive modeling to understand risk exposure.* 00:23:30 *⏳ The process of selecting policies from Citizens Insurance is lengthy and regulated, requiring careful tailoring to meet risk appetite and regulatory compliance.* 24:49 *🔍 Engaging with experienced professionals is critical when investing significant capital in risk management.* 25:45 *📄 The portfolio transfer process requires proper documentation and takes several weeks to months for approval.* 26:54 *🔄 Portfolio transfers occur on day one, with risk management shifting completely to the new carrier, while Citizens maintains premium collection.* 28:06 *🛡️ Claims responsibility moves to the new carrier immediately, but the policy document remains under Citizens' format until renewal.* 30:09 *⚠️ Poor execution in policy transfers can lead to transactional risks, reputational harm, and potential loss of future takeout opportunities.* 31:37 *🤝 Effective communication with stakeholders and policyholders is essential to maintain relationships and ensure customer satisfaction.* 32:18 *💰 Retaining customers after a takeout is crucial, as the acquisition process is costly and requires good service to prevent cancellations.* 33:25 *🔗 Collaborating with experts like reinsurance brokers and those familiar with Citizens can significantly ease the takeout process.* 36:41 *💻 Technology infrastructure is vital for managing multiple aspects of a takeout, including claims processing and communication with policyholders.* 39:08 *🔄 Outsourcing certain operations allows startups to manage costs while scaling their operations gradually as they learn from experience.* 41:52 *⏳ Start preparation for takeout processes early, as delays can lead to missed opportunities due to competition and regulatory hurdles.* 44:39 *📉 The takeout process involves significant risk, time investment, and resource allocation, contrary to misconceptions of it as easy money.* Made with HARPA AI

Good interview. I have had the pleasure of working with Ben and Yurts and cannot recommend enough.

This is a great, informative listen.... thanks

Perfect timing for this episode!

What a fantastic episode. 🙏🏽

Thank you for the amazing presentation, Tony.

Yey. I’m a supervisor at the claims department at Geico. I want to start so bad

Are there any flexible careers in insurance that would be good for working mom

Can you shoot me in the right direction to creating a great linkedin?

You talk way too fast, I'm sure there is great info here. But if you would annuciate and speak slower that would be great.

NONSENSE

Very untrue

Woooowwwww I don't find Insurance boring as well.

My boss wants to meet with me tomorrow. He said “I want to have a conversation so that we are on the same page regarding the operations of the building.” Does that mean I’ll be put on a PIP?

I'm more confused watching this as I was going into it

DO NOT do business with Bobby Touran. He is a fraud and con artist. This guy has scammed many people and he will continue to do so. He has tried to start several small businesses and they have all failed. Serially scamming people along the way.

Bobby Touran is a known fraud and shady operator. Do not do business with him.

As a broker...f u guys

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How much/what type of social interaction can I expect in the day to day?

I have my BSBA and it's not opening many doors. I want to get into UW, but no clue which way to head or how to get started.

I am Indian have a dream to land a Job in USA so I have completed AINS designation, completed 520 and ethics. I have 14 years of US Insurance Industry as I worked with Willis 10 yrs and Marsh 4 yrs.

I’m sad to see all those stories in the comments where PIPs were “ways to sack people”. PIP is an acknowledgement that the individual continuously doesn’t perform to standards therefore the team leader or manager is requested to prepare a plan together with the individual. But it is on the individual to dictate where the plan is going to go - is it going to be a success story or the papers will be “evidence for bad performance” the decision is mainly on the individual. There are hefty processes behind a pip.