Senior Underwriter - Financial Lines

Zurich 56 Company Ltd; Dubai; On-site; AED 200,000 - 300,000; Full time

Job summary

A leading global insurer in Dubai is seeking a Senior Underwriter - Financial Lines. In this role, you will be responsible for independently evaluating and underwriting complex business risks. Candidates should possess a Bachelor's degree and have at least 10 years of experience in the field, with strong communication and negotiation skills. This role offers a dynamic environment to protect clients and grow business opportunities.

Qualifications

• 10+ years of experience in a related field.
• In-depth knowledge of financial lines and regulatory guidelines.
• Deep understanding of underwriting principles and techniques.

Responsibilities

• Assess and price medium to high complexity risks.
• Negotiate terms and conditions in accordance with Underwriting Guidelines.
• Engage with distributors to discuss risk appetite.

Skills

Oral and written communication skills

Negotiation skills

Presentation skills

Knowledge of financial lines

Teamwork ability

Education

Bachelor's degree or equivalent

Job description

Senior Underwriter - Financial Lines

Zurich is one of the world’s leading insurance groups, and one of the few to operate on a global basis. Our mission is to help our customers understand and protect themselves from risk. With around 55,000 employees serving customers in more than 215 countries and territories, we aspire to become the best global insurer as measured by our shareholders, customers and employees. We help individuals, small and medium sized companies and global corporations around the world understand and protect themselves from risk by offering a wide range of insurance products, solutions and advisory services.

Commercial Insurance Middle East is looking for a Senior Underwriter - Financial Lines to join our team. This individual will independently analyze and underwrite business of medium to high complexity and must be well-regarded for their knowledge of the financial lines. They must utilize “The Zurich Way” of Underwriting Framework ensuring a high level of service to customers.

Job Accountabilities

• Independently assess and price medium to high complexity risks, set and negotiate terms and conditions in accordance with the Underwriting Guidelines.
• Have a reasonable level of Underwriting Authority and will seek empowerment from higher proficiency level Underwriting Management where required with a detailed rationale.
• Have a strong understanding of how the accounts they work on fit into the broader Underwriting strategy.
• Possess strong relationships and engage with distributors (agents brokers) during the Underwriting process, leading discussions around risk appetite and proactively seeking new business opportunities.
• Anticipate customer needs and be able to handle and resolve the vast majority of queries from customers and brokers.
• Support with the development of other Underwriters.
• Should be proficient in Directors and Officers, Financial Institutions & Professional Indemnity.
• Complete detailed opportunity assessment with key distributors to identify growth opportunities.
• Negotiate solid terms & conditions and where appropriate cross-sell other lines of business to increase the book of business.
• Participate in Sales Team meeting as related to assigned brokers and/or territory.
• Proactively engage in the target account process, managing a qualified list of opportunities 90 to 120 days prior to effective date.
• Serve as the subject matter expert and act as the key contact for assigned target accounts.
• Measure exposure/analyze risk, initiate product development ideas and promote services to increase penetration.
• Provide expertise on coverage issues with claims programs and guidelines.

Job Qualifications

• Bachelor's degree (or equivalent) to 10+ years of experience in related field
• Excellent oral and written communication skills.
• In-depth knowledge of financial lines, legal and regulatory guidelines.
• Strong negotiation and presentation skills.
• Deep understanding of underwriting principles, techniques, national/local filing regulations and guidelines
• Ability to work in a team-based environment
• Knowledge of time restraints for quotes on new and renewal business

We are an equal opportunity employer who knows that each employee is unique - that’s what makes our team so great!
Join us as we constantly explore new ways to protect our customers and the planet.