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Senior Underwriter - Complex Middle Market

Job ID : 5851
Category : Commercial Insurance
Brand : Economical
Regular/Temporary : Regular
Fulltime/Parttime : Full Time
Location : Toronto, Canada

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Can a 150-year-old company think outside the box? Count on it. Deep experience is our springboard for innovation, whether that’s in how we work with our broker network, how we serve our customers, or how we support our employees.

Economical is part of Definity, a Canadian, multi-channel, property and casualty insurance company whose success is founded on our family of companies’ long history of delivering a superior experience for those who count on us. We’re proud to help our customers, broker partners, employees, and communities adapt and thrive in a world of constant change. Our success in transforming into a digital leader in our industry is driven by a talented and engaged team with a passion for innovation and high performance. 

The successful candidate for this role is accountable for providing high quality underwriting of highly complex accounts which include high hazard risk exposures. The Underwriter is responsible for adhering to department guidelines and remaining within their authority limits as assigned. Application of underwriting judgement will contribute to the profitable portfolio of accounts within Specialty Lines.

What can you expect in this role?

  • Assessing the risk and accepting or declining new business submissions, policy changes and renewals.
  • Analyze risks that have a high potential to generate severe losses or high loss frequency.
  • Underwrite  business that does not qualify to be written through the regular branch.
  • Apply a high level of underwriting judgement that is developed through the handling of extremely high exposure risks.
  • Proven knowledge of regional nuances and coverage differences for all regions across Canada.
  • Order and analyze inspections, financial reports, location intelligence, NatCat exposures and other rating tools to use in the decision-making process for a risk.
  • Negotiate terms and conditions of risk acceptance and pricing at the highest level.
  • Handle high risk segment business.
  • Other duties include production calls on brokers, assisting in field underwriting of accounts, attending industry functions, mentoring junior staff and conducting business development duties as required.


What do you bring to the role?

  • Demonstrated high level understanding of commercial property risks. 
  • University degree or college diploma required.
  • CIP designation is an asset.
  • Ideally 4-6 years’ experience underwriting a wide variety of risks.
  • High level understanding of regional differences and insurance regulations across Canada.
  • Experience with cross-border and multinational placements.
  • Able to quote new business, make policy changes and issue renewals. Need to be able to maintain corporate service standards.
  • Able to negotiate with brokers, able to build new relationships quickly and have a solid understanding of the action’s insurers take and the impact on brokers and their clients.
  • Excellent communication and organizational skills.  French would be an asset.
  • Detail-oriented and strong problem-solving skills with the ability to gather information and analyze and solve through complexities.
  • Knowledge of insurance products is an asset.

We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.

Go ahead and expect a lot — you deserve it, and we’ve got it:

  • Hybrid work schedule for most roles
  • Company share ownership program
  • Pension and savings programs, with company-matched RRSP contributions
  • Paid volunteer days and company matching on charitable donations
  • Educational resources, tuition assistance, and paid time off to study for exams
  • Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
  • Wellness and recognition programs
  • Discounts on products and services

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting: [email protected]


Background checks

This role requires successful clearance of a background check (including criminal checks and leadership references).





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