Underwriter & Property

Zurich Insurance Company; Dubai; Hybrid; AED 120,000 - 180,000; Full time

Job summary

A global insurance leader in Dubai seeks an Underwriter - Property to analyze and underwrite medium complexity risks. The successful candidate will have at least 5 years of relevant experience, excellent communication skills, and a deep understanding of underwriting principles. Responsibilities include assessing risks, negotiating terms, and maintaining data integrity. The position offers a hybrid working model and a permanent full-time contract, with opportunities for professional growth.

Qualifications

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

Responsibilities

• Independently assess and price medium complexity risks.
• Build strong relationships and engage with brokers during the underwriting process.
• Ensure data quality and integrity in systems used.

Skills

Excellent oral and written communication skills

Strong negotiation and presentation skills

Ability to work in a team-based environment

Education

Bachelor's degree (or equivalent) with 5+ years of experience

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 attends 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

Competencies

Collaborate TogetherDevelop & GrowPerformanceMake it HappenPuts Customers FirstTechnical Competency 1

Why Zurich

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right?

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 .

• Location(s): ZIC DIFC, AE - Dubai
• Remote working: Hybrid
• Employment Type: Permanent - Full Time
• Recruiter name: CI ME, HR Team
• Closing Date: 28 Jan 2025