I’ve been in underwriting for 7 years and I still can’t believe how often we approve garbage risks just because sales pushes hard enough. I get that we need to grow, but where’s the line between being flexible and being reckless? Anyone else feel like risk appetite is just “whatever the biggest producer wants that day”?

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I would lose the mentality of “garbage risks.” Instead, look at it as a tougher exposure that requires different capacity, pricing, and terms to be an acceptable deal.

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I understand that we also need to consider a hard vs soft market and adjust our standards, adjust pricing and maybe add some exclusionsor limitations, but then you have UWs that will approve almost anything so everyone loves them but then they wonder why loss ratios are so high and bonuses are much lower if any.

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I have been underwriting for 50 year -- trained in LLOYDS of London, ran an MGA in the Middle east for 12 years and a Division at CNA for 20 -- u need brains not a manual

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100% but we have to do what pads the wallet the most, I guess?

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I see that all the time especially in non standard companies. These people have 10 cars and with only 2 drivers

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Yep. That cost me my job. I was hired to UNDERWRITE. But because I underwrite I didn’t move as fast or write as much as those who put the biz on the books for the $$. During a conversation about my production I mention that my authority is something I adhere to, yet I when I work behind others I see little to no adherence to authority. I said it would be my to step outside and I would have the million dollar loss. His reply? When have we ever come after you all for large losses??? (I had very few, but I was stunned at the reply. ) Every other company I have worked for, reviewed large losses to assure proper steps were taken and if presented again, would we write again?

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Yes, and do you notice that they are the ones that usually sell? Not the good risk ones. 😏

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I'm a retired underwriter for Malpractice and property & casualty insurance. We dealt with agents and producers. As underwriters we told them what to do, because in most cases they didn't understand the product they were selling. However nowadays there is no real underwriting, you just push a few buttons and the computer does the rest,

Where is that cause I want to work there!

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