Director of Underwriting Innovation and Automation

1 day ago


Chicago, Illinois, United States Ryan Specialty Full time
Job Summary

The Director of Underwriting Innovation and Automation will lead the development and implementation of AI-driven solutions to improve underwriting risk selection and pricing. This role will partner with internal and external stakeholders to enhance underwriting and operational efficiencies, resulting in improved service to clients.

Key Responsibilities
  • Underwriting AI
    • Develop and maintain automated solutions for declinations, submission triaging, quoting, and audits.
    • Collaborate with underwriters and carrier partners to re-evaluate the underwriting process, streamlining risk selection, pricing, and coverage determination.
    • Evaluate new underwriting innovations for reliability, accuracy, cost efficiency, legality, and customer experience.
    • Cultivate and maintain relationships with key stakeholders, advocating for user-centered solutions that align with business goals.
    • Work with cross-functional teams to embed user experience design principles into product development processes.
  • Strategic Automation
    • Lead the identification of external vendors to support the automated extraction of data from email submissions.
    • Help shape the AI vision across the organization, coordinating efforts with underwriting, operations, actuarial, IT, and legal resources.
    • Demonstrate strategic thinking and drive innovation in AI experience design, supporting AI and data leaders in planning and executing the insurance product strategy.
    • Stay informed about market trends, product knowledge, and technological advancements, leveraging emerging technologies and industry best practices.
    • Develop implementation approaches that produce Generative AI applications that are flexible, maintainable, and adaptable to evolving business needs.
Requirements
  • Bachelor's degree in Computer Science, Information Technology, Business Administration, or a related field.
  • 10+ years of experience in AI technologies, leadership, communication, strategic thinking, problem solving, and analytical capabilities.
  • Commercial E&S lines experience with in-depth knowledge of underwriting, risk selection, analytics, and quality control strongly preferred.
  • Robust knowledge of the insurance industry, especially the specialty, commercial, and/or reinsurance sectors.
Compensation

The target salary range for this position is $171, $224,647.00 annually. The wage range considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The base pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits.



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