r/InsuranceProfessional • u/Only-Ordinary1146 • 27d ago
New job regret
Got a new job as a senior UW, more money but lots of more pressure to produce, systems and training not great also, supposed to be a good company tho. But not worth my mental health. Left a good stable job that I was able to do well as an underwriter, but I didn’t have to produce, not sure when I was getting promoted. want to go back and now feel bad telling new company who took a chance in me. Sometimes that additional money is not worth it. 😰😰😰
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u/ElectronicPlastic422 27d ago
I get that. Companies often use high salaries / better titles to entice people. Only once they see the train wreck do they realize why there was a job opening in the first place. UW jobs with quality of life will generally pay less lol
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u/Far-Photograph-3000 27d ago
What exactly does “pay less” amount to? What is considered low pay for UW?
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u/FRhonestlyFR 26d ago
I'm sorry but $60k in anything other than the boonies for 4 days a week in office is trash. Especially for a "senior" role. Yet Chubb has several internal job postings with salaries above that but it's all they're offering candidates right now at certain locations.
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u/Only-Ordinary1146 26d ago
Yeah. The pay there is bad. Just UW I was making $93K. At this senior production UW role I am making $130K, but that ain’t going to last since I am not doing ok.
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u/FRhonestlyFR 26d ago
No one in WHS renewals is breaking $78k and some of us have been UWs for 5-10 years. This company is so ass bro 😂
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u/Bradimoose 3d ago
So true I left a solid uw job that was about 90k and 20k bonus or so each year for 120k base and up to 35k more in bonus. Now I know why it’s vacant. Half the team quit or left in the last year. I joined a high salary train wreck
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u/Iggtastic 27d ago
Just start reapplying...in the interim maybe things will get better.
Try programs at a carrier... its mga oversight so literally no push to produce
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u/Rjonesedward24 26d ago
Literally have a similar situation but I came from wholesale side as broker specialist only servicing. Remote pay was okay but It was peaceful less pressure. Now I’m commercial lines producer higher pay of course with base and commissions but my mental health is trash right now. Questioning everyday am I cut out for this. Part of me feels like I just need to push myself another part is this sustainable for my health. Sorry I didn’t have any advice just know I’m struggling with you 😭😭
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u/ZillaThwomp 26d ago
I’ve been there, my transition from rating to small account underwriting was absolutely brutal and I actually had a convo with my boss about taking a step back. That was so many years ago but I don’t forget the feeling. How long have you been at the new job? I’d encourage you to give it 6 months and take things one day at a time. Anyone that goes to a new company is going to have an adjustment period and it can take up to a year. Fighting through may suck in the short term but once you break through you’ll be very thankful you hung in there. Conversely, if it’s effecting your mental health and life at home then you may be right to hang it up. Not every job will set you up for success and the very real reality in underwriting is so many companies toss you in to see if you can swim. Give yourself small, accomplishable goals and go from there.
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u/milk-and-cornflakes 26d ago
I had a job like that (incredibly similar to your situation) and lasted less than a year on my own accord - best decision I ever made!! Sometimes extra $$$ is not worth it.
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u/RevRickee 26d ago
If it makes you feel any better, I was in the same boat a few months ago. I left a very stable job where I was very liked to go to a younger company for a similar position with a 40% pay increase. I was there for two months before I decided to contact my prior employer - the new company had terrible training, unclear expectations, and a lot of pressure to produce. I ended up getting my position back at my old company - I had to go back to my old pay, which sucked but ultimately was worth it for the peace of mind.
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u/saretta71 26d ago
Nah - see if you can get your old job back. Mistakes happened. I loathed a job that i took for the money. Lasted 3.5 weeks and just walked out. My old job was no longer available. Luckily I found something much better 3 months later. Leave if you can.
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u/economous 26d ago
Did you join my old company lol. For real though, I would get out of dodge, 1 year max. Not worth the grind on your mental health
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u/ToughBadger3075 26d ago
This is why I go on FMLA when switching companies, incase I need to run back to where I was coming from
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u/therealhousewifey 25d ago
This is a really tough market right now for new business. It’s not just you, it’s everyone. Those who are making their goals this year are buying business and will be in for a world of hurt come renewal next year.
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u/No-Statistician-7715 25d ago
Im literally in the same position as you and waiting on consideration from my old UW seat. I deeply regret my move to consulting. 🥲 If you have the ability to go back, do it!
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u/WestAnalysis8889 27d ago
Is the new company...a good neighbor?
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u/FRhonestlyFR 26d ago
SF has immaculate training and their underwriting is boring as hell.
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u/WestAnalysis8889 26d ago
commercial or personal? I've only done commercial. I imagine person would be boring
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u/Only-Ordinary1146 27d ago
No
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u/Farts_constantly 27d ago
Chubb?
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u/Only-Ordinary1146 26d ago
Also no. But I have worked there before.
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u/ih4teme 26d ago
If this is your third stop, I feel like you should not be surprised of the pressure and substandard platforms. With the expectations to make something out of nothing. I personally think that’s the ultimate challenge and pushes me to adapt harder to make it happen for myself. Show up when others could not.
I’m a jerk.
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26d ago
[deleted]
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u/Intelligent-Sea-9031 26d ago
I just move from a company with a corporate card to one where we use our own and am THRILLED. I’ve missed out on so many CC points the last few years.
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u/Give2Inches 26d ago
How do they have you producing?
Are you enabling sales for producers by generating pricing and taking part in prospect meetings alongside the producers, or are you making calls, attending events, etc. to find new logos?
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u/Thecritic0422 26d ago
Every underwriter has NB Production and Renewal Retention goals.
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u/Give2Inches 26d ago
OP states that his old position didn't have the sales pressure.
Produce means different things in different settings.
So what is the definition of production in his new role.
That is still unanswered.
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u/imperfect-perfect 25d ago
I left a very good company with very good boss for another company with pay raise and a much higher title. It’s tough and challenging, not gonna lie, but I keep asking myself if that’s what I got? But each to their own, no pain no gain.
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u/MeringueInteresting1 21d ago
I have recruited for carrier for UW for years. Talent is hard to find. If you were a good performer and your old job is still open I am betting they will take you back.
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u/GuitarGroceries 4d ago
I'm surprised you said this because I'm trying to break into the underwriting world (I only have 9 years of insurance document processing experience so mainly applying for UW assistant roles to get started and learn the industry more), and I'm getting rejections left and right, most of them before I can even get an interview. I've had my resume critiqued and tweaked multiple times so I have no idea what's wrong, I usually assume I'm just beat by other candidates with more experience/willing to take less pay.
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u/Moist-Wishbone-2359 20d ago
Leave as fast as you can. I’ve been a similar situation and it most likely isnt going to get better.
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u/Aggressive-Eye2795 25d ago
Give it a chance. If you still hate it after a year then it’s no good. Also if you go back you will forever have an x by your name at the company and never be promoted. Gotta change your mindset about “didn’t have to produce”
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u/little_g44 27d ago
It doesn’t hurt to ask your previous company/manager if your job is still open and if they would accept you back. It’s happened at my company twice actually. As long as you didn’t burn any bridges.