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Job Title: Property & Casualty Underwriting Manager
Location: London
Full/Part Time: Full Time
Salary Circa: £65,000
Insurance Industry Sectors: Underwriting, Property, Casualty, Liability
To support the CUO and Portfolio Director with underwriting expertise to help build, analyse and review underwriting plans- liaising regularly between insurers and the MGA in the development of underwriting strategy specific to binders/insurer and in developing and monitoring best practice underwriting standards across the business.
Responsibilities:
- Attend insurer meetings -both formal and ad hoc -and produce or provide inputs to those meetings as required and work with the MGA to implement agreed underwriting and pricing strategy
- Analyse data and provide key findings and recommendations
- Monitor loss ratio targets by binder and recommend corrective action
- Build underwriting plans for finalising and approval within the MGU and with insurers
- Work closely with the business teams and technical managers to understand performance issues
- Provide impact analysis of proposed portfolio changes
- Model and present adhoc data for capacity partners and support the selection and securing of new capacity partners
- Support the MGU in areas where a consistent approach to underwriting best practice needs designing and implementing
- Liaise with technical managers to develop best practice and a systematic approach to technical underwriting eg technical peer review, licence frameworks, training and development frameworks .
- Monitor adherence to appropriate underwriting standards
- Support proposition development and implementation for both new and existing binders
Experience:
The ideal candidate should possess excellent knowledge and understanding of the London Market Insurance Industry, and be enthusiastic and conscientious. The key responsibilities of the role are:
- ACII or progress towards
- Technical underwriting experience in either Property or casualty insurance
- Experience gained form an insurance company background in an underwriting role
- Some experience of working within a portfolio team would be of benefit
- Some knowledge of delegating underwriting would be of benefit.
- Understanding of underwriting calculations - loss ratio, ultimate loss ratios, combined ratios, accident year and underwriting year basis of calculation.
- Ability to analyse data and trends and draw conclusions form key data sets
- Strong working knowledge of excel and powerpoint
- Solutions focused underwriter
- Profit and growth approach
Further information:
As well as a competitive salary we offer the following benefits -
- Competitive holiday allowance with the annual option to buy additional days
- Death in Service benefit of x4 salary
- Company pension scheme
- Enhanced maternity and paternity leave packages
- A flexible benefits package which allows you to add additional benefits to your overall package
- Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel and many more
- Discounted rates on company products
For extra information please contact:-
Email:
