Job Description

Life Sciences Underwriter (Mid-Senior - Senior) at Zurich Insurance Company Ltd. summary:

The Life Sciences Underwriter at Zurich is responsible for evaluating and underwriting complex insurance risks in the life sciences sector, focusing on both new and renewal business within the Middle Market segment. This role involves risk assessment, pricing, and collaboration with brokers and internal teams to provide tailored insurance solutions. The position requires strong analytical skills, industry knowledge, and the ability to manage relationships while adhering to underwriting guidelines and regulatory standards.

Zurich is currently hiring an experienced Life Sciences Underwriter to join the Middle Market team in NY.

Middle Markets is a key business segment within Zurich North America and we are focused on attracting top customer advocates who possess a sales mindset, strong technical underwriting skills and solution focused problem solving abilities.

Zurich Middle Markets offers end to end solutions for our customers, inclusive of international programs. You will handle complex new and renewal Middle Markets business and serve as a Subject Matter Expert for Middle Markets Life Science. As a member of Zurich's Underwriting Team, you will enjoy the opportunity to fully apply and hone your underwriting and marketing skills while building relationships with our Preferred Distribution Partners within your area and grow your long-term career. This is an exciting time to join Middle Markets at Zurich!

This role will be filled at either the Mid-Senior or Senior Level. The hiring manager will determine the appropriate level based upon the selected applicant’s experience and skill set relative to the qualifications listed for this position.

Responsibilities include:

• Serving as a Life Science industry practice advocate with a focus on improving the customer experience by understanding their risk and offering the best end to end solution for their insurance needs.
• Using a disciplined approach to exposure evaluation, risk assessment and pricing
• Using risk insights, data and models to drive informed decisions at point of sale
• Assisting in the refinement of underwriting guidelines for life science exposures
• Identifying gaps in customer’s programs and aligning Zurich’s products and value proposition to offer a solution that provides the contract certainty the customer needs
• Demonstrating strong analytical skills and executing as an innovative advisor
• Underwriting, analyzing and generating new and renewal business for Life Science risks
• Demonstrating strong coverage analysis skills and understanding and ability to communicate life science defenses and exposure analysis for product liability
• Market facing and production within the growing Middle Markets division 
• Collaborating with multiple groups within Zurich to build knowledge and understanding of life science exposures, controls, market requirements, and opportunities
• Administering and monitoring underwriting rules and guidelines, insurance laws and regulations and rating manual rules
• Developing and maintaining agency and broker relationships
• Working within broad limits and authorities on highly complex assignments

Mid- Senior Middle Markets Underwriter Basic Qualifications:

• High School Diploma or Equivalent and 3 or more years of experience in the Underwriting or Market Facing area.
  OR
• High School Diploma or Equivalent and 6 or more years of experience in the Claims or Underwriting Support area
  OR
• Zurich Certified Insurance Apprentice including an Associate Degree and 1 or more years of experience in the Underwriting or Market Facing area
  OR
• Zurich Certified Insurance Apprentice including an Associate Degree and 4 or more years of experience in the Claims or Underwriting Support area
  AND
• Knowledge of line/s of business and the legal and regulatory guidelines
• Knowledge of time restraints for quotes on new and renewal business
• Experience with Microsoft Office
   

OR

Senior Middle Markets Underwriter Basic Qualifications:

• Bachelor’s Degree
• Knowledge of Middle Markets Property and Casualty Life Science Underwriting
• 5 or more years experience underwriting Life Science product liability on a primary basis

Preferred Qualifications:

• Existing broker relationships in East Coast region
• Strong negotiation skills
• Strong verbal and written communication skills
• Strong relationship building, active listening, needs analysis, and win-win negotiating skills. Demonstrates presentation skills and a solutions and service orientation
• Knowledge of underwriting philosophy, techniques, national/local filing regulations and guidelines

Compensation for roles at Zurich varies depending on a wide array of factors including but not limited to the specific office location, role, skill set, and level of experience. As required by local law, Zurich provides in good faith a reasonable range of compensation for roles. For additional information about our Total Rewards, Click here . Other rewards may include short term incentive bonuses and merit increases. Candidates with salary expectations outside of the range are encouraged to apply, and will be considered based on experience, skill, and education. 

The combined salary range for this position is $78,100.00 - $169,100.00. The proposed salary range for the Mid-Senior is $78,100.00 - $127,800.00, with short-term incentive bonus eligibility set at 10%. The proposed salary range for the Senior is $103,300.00 - $169,100.00, with short-term incentive bonus eligibility set at 15%. 

As an insurance company, Zurich is subject to 18 U.S. Code § 1033.

A future with Zurich. What can go right when you apply at Zurich?

Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 150 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please click here to learn more.

Zurich in North America is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status. 

Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission. 

Location(s): AM - New York Virtual Office
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No

 
Linkedin Recruiter Tag: #LI-AK1 #LI-ASSOCIATE #LI-HYBRID  

Keywords:

Life Sciences Underwriting, Risk Assessment, Insurance Pricing, Middle Market Insurance, Product Liability, Underwriting Guidelines, Broker Relationships, Insurance Solutions, Regulatory Compliance, Insurance Risk Management

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