Underwriter & Property

Zurich 56 Company Ltd; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A global insurance company in Dubai is seeking an Underwriter - Property to independently analyze and underwrite medium complexity risks. The ideal candidate will have over 5 years of experience, strong negotiation and communication skills, and in-depth knowledge of underwriting principles. This role involves working with brokers, ensuring compliance with company policies, and seeking new business opportunities. A bachelor's degree or equivalent is required.

Qualifications

• 5+ years of experience in a related field.
• Excellent oral and written communication skills.
• In-depth knowledge of financial lines and regulatory guidelines.

Responsibilities

• Independently assess and price medium complexity risks.
• Seek renewal and new account opportunities with key distributors.
• Build strong relationships and engage with brokers.

Skills

Communication skills

Negotiation skills

Underwriting principles knowledge

Team-based environment

Education

Bachelor's degree or equivalent

Job description

Job Summary

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 210 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.

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

Job Accountabilities

As an Underwriter - Property, your role will involve:

• Independently assess and price medium complexity risks, set and negotiate terms and conditions in accordance with the Underwriting Guidelines.
• Proactively seek renewal and new account opportunities with key distributors and identify business growth opportunities.
• Qualify accounts to meet with the organization's appetite, balanced with sound business opportunity.
• 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.
• Build strong relationships, engage with brokers during the Underwriting process and attend internal and external meetings to ensure relevant business decisions are acted effectively and timely.
• Ensures and maintains data quality and integrity in systems used.
• Follow procedures to ensure adherence to the company´s risk and compliance policies.

Job Qualifications

To be successful in the role, you will need:

• Bachelor's degree (or equivalent) with 5+ 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.