Commercial Property Underwriting Intern

1 month ago


Birmingham AL USA, United States AmWINS Group Full time
About Amwins

Amwins is a leading specialty wholesale insurance distributor in the US, offering tailored products to meet the unique needs of clients worldwide. Our company is comprised of five core divisions, each providing unparalleled insurance solutions through a combination of extensive partnerships and niche industry expertise.

Special Risk Underwriters (SRU)

SRU is one of the largest underwriting groups within the Amwins Underwriting Division, specializing in commercial catastrophic property insurance. As a delegated underwriting group, we focus on returning profit to our insurance carriers through disciplined underwriting, conservative portfolio management, and strategic partnerships with international and domestic insurance carriers.

SRU Internship Program

We are proud to offer a summer internship program targeted towards rising college sophomores-seniors. The goal of our program is to expose students to commercial property underwriting and provide a comprehensive understanding of the excess and surplus lines insurance industry.

Internship Details
  • Duration: 9 weeks
  • Full-time position
  • Opportunity to gain hands-on experience in underwriting and risk management
What You Will Gain
  • Basic knowledge of the excess and surplus lines insurance industry and value chain
  • Understanding of the different functions of retail agencies, wholesale brokers, MGA/carrier, and reinsurance in the wholesale distribution space
  • Insight into the day-to-day operations of an MGA
  • Knowledge of underwriter-broker and underwriter-carrier relationships in an MGA model
  • Understanding of how MGAs offer competitive advantages to insurance carriers
  • Familiarity with SRU underwriting platforms, tools, and strategy of deploying capacity
  • Insight into AMWINS strategy and culture that drives success in a competitive market space
Job Duties
  • Assist with qualification of accounts while working with underwriting teams
  • Perform necessary evaluation and reporting on account characteristics
  • Help Associate Underwriters with processing necessary functions for account submissions and bound policies
  • Work up SRU Online submissions, assisting in the underwriting process from start to finish
  • Manage account log for SRU submissions
Qualifications
  • Enrolled at an accredited college or university
  • Pursuing a Business degree or a related program
  • Recommended GPA of 3.0 or above


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