Global Underwriter

Economical is part of Definity, which includes some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

Global Services provides tailored insurance solutions for companies based in the Canada with United States or Global parent. Coverage offerings include Property, General Liability, Automobile, Ocean Marine and more. The Underwriter will partner with managing companies to provide coverage for new and renewal business based on customers’ needs. This role is seen as a technical resource. As an Underwriter, you are decisive, detail-oriented, and know how to build relationships internally and externally to drive results.

Your ability to independently assess complex risk and sell our products in challenging markets will contribute to the profitability and success of Definity.

• Manage the profitability, growth, and retention of an assigned book of business.
• Underwrite and skillfully negotiate complex customer accounts to minimize risk and maximize profitability while adhering to Service Levels.
• Cultivate and maintain relationships with INI partners within the business unit and across the organization to fulfill sales plans and identify cross-selling opportunities.
• Foster and maintain relationships with external partners by regularly meeting in person with brokers to market and cross sell Definity products with a goal of writing and retaining accounts consistent with our risk appetite.
• May assist in the training and mentoring of less experienced Underwriters.
• Perform other duties as assigned.

• Bachelor’s degree or college diploma in a relevant field.
• Six years of relevant underwriting experience with experience in commercial lines.
• Deep knowledge of commercial lines products, the regulatory environment, and the local insurance market.
• Strong critical thinking skills with the ability to proactively identify underwriting, marketing, or financial challenges and analyze available information to make timely decisions in alignment with our risk appetite.
• Excellent communication skills with the ability to successfully negotiate in difficult situations with managing companies and brokers.
• Strong attention to detail and ability to manage multiple priorities simultaneously.
• CIP/FCIP/CRM designation.

$51,300-$94,400

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.

This position is being posted to fill an existing vacancy.

At Definity, inclusion, diversity, and equity aren’t just “nice to have” — they’re essential to our success.

• Hybrid work schedule for most roles
• Company share ownership program
• Incentive Program - Eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.
• 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…