Dean Tarricone Jr
Bakersfield,CA
Summary
Talented Professional with almost 7 years of experience and expertise in Commercial Insurance Underwriting. Strong statistical analysis, quoting and negotiating skills. Well versed in preparing insurance policies and terms to manage risk and mitigate loss. Highly-motivated employee with desire to take on new challenges. Strong worth ethic, adaptability and exceptional interpersonal skills. Adept at working effectively unsupervised and quickly mastering new skills. Committed job seeker with a history of meeting company needs with consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand.
Overview
7
7
years of professional experience
1
1
Certification
Work History
Commercial Underwriter III | New Business
| Farmers Insurance Company
09.2021 - 06.2023
- Management promoted me to an Commercial Underwriter III. My focus is to review new business quotes submitted by the agents who are located in my teams assigned territory, which consists of the entire metropolitan Los Angeles area and certain areas in Ventura and Orange County.
- Negotiated coverage options, deducible limits, policy terms, and pricing during conversations with agents regarding their new business submissions.
- Determined a business' risk level by reviewing applications for coverage, loss control reports, property records, and other sources to determine acceptability and pricing strategy.
- Entered and maintained risk information in various information systems.
- Promoted high agent satisfaction by resolving problems with knowledgeable and friendly service.
- Worked successfully with a diverse group of coworkers to accomplish goals and address issues related to our products and services.
- Demonstrated leadership by making improvements to work processes and helping to train new employees.
- Hosted meetings with agents to improve their knowledge regarding the commercial underwriting process and to explain our target commercial markets.
- Consistently exceed yearly new business goal. As of April 2023 I have written a total new business premium of $619,780, 41% of the target $1,500,000 goal (2023 is only 31% completed). My quote conversion rate is 26%. These figures are above the average for new business underwriters at Farmers.
- Leveraged data analysis tools to predict future losses more accurately, enabling better-informed decision-making regarding premium rates.
- Streamlined underwriting processes for increased efficiency and accuracy in evaluating insurance applications.
Commercial Underwriter II
| Farmers Insurance Company
10.2018 - 09.2021
- Responsible for profitable growth and retention of Property/Casualty/Worker’s Compensation business through proper classification, pricing, and selection of risks in the following industries: Habitational (Apartments, Condos, PUDs), Auto Service and Repair, Real Estate, Contractors, Manufacturing, Office, Restaurants, Mobile Food Vendors, Bars/Taverns, Brew Pubs, Retail, and Wholesale.
- Underwrote renewal business to ensure the following: rating factors were correct, policy pricing reflected the risk's individual characteristics, coverage limits provided adequate protection, and non-renewed policies that no longer met Farmers underwriting guidelines,
- Maintained and developed beneficial relationships with agents in assigned territory. Assisted agents in quoting proper insurance coverage to limit and control risks associated with a client’s business operations.
- Hired to manage renewal business but after six months my manager started to have me work as a hybrid renewal/new business underwriter. Management acknowledged my quick learning capabilities and technical underwriting skills and wanted to train me to become a new business underwriter.
- Effectively managed a diverse portfolio of clients, balancing workload priorities to meet tight deadlines without sacrificing quality.
- Increased profitability through strategic collaboration with claims management team on complex cases requiring expert input.
Commercial Underwriter I | Commercial Auto
| Topa Insurance Company
12.2017 - 09.2018
- Responsible for improving submission acceptability and account profitability on appointed MGAs.
- Underwrote all forms of commercial auto risks such as motor carriers, private carriers, contractors, and many others. The number of autos for these risks varied with some having only one auto and others having up to fifty autos.
- Offered CSL, Medical Payments, UMBI, UMPD, Physical Damage (ACV) Specified Perils or Comprehensive, Collision, Cargo, On-Hook, Towing and Storage, Non-Owned and Hired Auto.
- Approved new business submissions and policy endorsements that fell outside MGA authority.
- Visited MGA offices in order to audit policy files, informed MGAs of any changes in underwriting guidelines, and evaluated their production performance.
- Assisted in the development of a new commercial insurance quoting system through collaboration with IT and performing many hours of UAT.
- Pulled and analyzed data utilizing SQL to provide insight on business operations and market conditions.
- Improved loss ratios through diligent monitoring of policyholder accounts and timely adjustments when necessary.
- Analyzed various financial statements to accurately assess the creditworthiness of potential clients.
Commercial Underwriter | Transportation
| Crusader Insurance Company
07.2016 - 11.2017
- Analyzed and priced commercial insurance renewals and new business with a focus on Towing and Trucking accounts.
- Underwrote towing risks with up to five units with contracts with state/county/municipality authorities or auto clubs such as AAA, OnStar, Progressive, USAA. Risks that did not have these contracts could be considered for coverage if they had a proven track record of operating a successful business and utilized proper loss control practices. Coverages offered were CLS, Garage Liability, On-Hook Liability, Cargo Liability, Business Personal Property, UM, UMPD, Fire Legal Liability, Physical Damage (Stated Amount).
- Underwrote motor carriers of up to ten power units that operated intrastate or interstate (48 State Long Haul). I worked with motor carriers that hauled a variety of commodities such as new and used autos, building materials, clothing, refrigerated and frozen food, and many others.
- Grew a book of business by cultivating relationships with agents. This was accomplished through frequent agency visits and marketing promotions.
- Hired as a Commercial Underwriting Trainee but after three months was promoted to a Commercial Underwriter.
- Evaluated emerging markets for potential expansion, considering risk factors and potential return on investment.
- Championed a culture of continuous improvement by regularly reviewing workflows and implementing innovative solutions to enhance overall performance.
Education
Bachelor of Arts - Economics
California State University - Northridge
Northridge, CA12.2015
Skills
- Managing risk
- Negotiation proficiency
- Quoting and pricing policies
- Analyzing data
- Production-oriented
- Insurance Underwriting
- Sales Support
- Portfolio Management
- Data Interpretation
Certification
The Institutes
- CPCU - Chartered Property Casualty Underwriter
Coursera
- SQL for Data Science
LinkedIn Learning
- Learning Data Analytics
- Statistics Foundations 1
- Tableau Essential Training
- Excel 2023 Essential Training
Timeline
Commercial Underwriter III | New Business
| Farmers Insurance Company
09.2021 - 06.2023
Commercial Underwriter II
| Farmers Insurance Company
10.2018 - 09.2021
Commercial Underwriter I | Commercial Auto
| Topa Insurance Company
12.2017 - 09.2018
Commercial Underwriter | Transportation
| Crusader Insurance Company
07.2016 - 11.2017
Bachelor of Arts - Economics
California State University - Northridge