Senior Underwriter, Casualty

Sompo International; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

Sompo International seeks a Senior Underwriter, Casualty to join their Toronto team. This role involves evaluating and underwriting casualty insurance risks while building strong client relationships and contributing to business growth. Candidates should possess 5-7 years of relevant experience and strong communication skills.

Benefits

Competitive salary

Comprehensive benefits package

Opportunities for professional growth

Qualifications

• 5-7 years of experience in casualty underwriting, preferably in the Canadian market.
• Knowledge of casualty insurance products and underwriting guidelines.
• French language is an asset.

Responsibilities

• Evaluate and underwrite casualty insurance risks, including data analysis and risk assessment.
• Develop and maintain relationships with clients and brokers for new business.
• Provide excellent customer service by addressing inquiries and resolving issues.

Skills

Analytical skills

Communication

Negotiation

Risk management

Teamwork

Education

Bachelor’s Degree

Tools

Underwriting software

Job description

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Job Description

Sompo Canada Services Corp. is a wholly-owned subsidiary of Sompo International Holdings Ltd., a wholly-owned subsidiary of Sompo Japan Insurance Inc., and is a member of the Sompo Holdings, Inc. (Sompo) group of companies.

Sompo is a financial services holding company organized under the laws of Japan whose shares are listed on the Tokyo Stock Exchange. Sompo, through various operating subsidiaries, is one of the largest property and casualty insurance groups in the Japanese domestic market. In addition, Sompo is engaged in the provision of insurance services as well as other related services through its global network of businesses operating in 32 countries around the world.

Sompo International is the trade name for the global specialty property and casualty insurance and reinsurance operations of Sompo outside of Japan. In Canada, Sompo International is the brand under which Sompo Japan Insurance Inc. Canada Branch operates its Canadian insurance business. That trade name is also used by our other offices in Bermuda, the United States, the United Kingdom, Continental Europe, and Asia.

Sompo International underwrites agriculture, professional lines, property, marine and energy, and casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk and specialty lines of reinsurance.

As a leading global provider of insurance and reinsurance, we recognize that our success is derived directly from those who matter most: our people.At Sompo International, a shared commitment to integrity, teamwork, agility, execution, and excellence define our culture, and we strive to create exceptional value for our clients and shareholders and maintain Sompo International as a desirable place to work

Join us as we expand our Canadian insurance business! Help build the best commercial underwriting team in Canada. Join an organization where our people have the opportunity to be their best and provide clients with innovative solutions to help support their growth.

We are seeking a Senior Underwriter, Casualty for our Canadian operation located in our Toronto office. This position will support our Domestic and Japanese interest business located in Canada.

Sompo provides a service approach by offering comprehensive multi-line capabilities to accounts in select industries including real estate, hospitality, financial institutions, manufacturing, life sciences, technology, Asian-interest accounts, and professional services. Taking a holistic approach to risk management, the unit offers primary casualty (general liability, commercial auto), excess capacity, and commercial package to small, middle-market and large accounts across target industries in the U.S., Mexico, and Canada.

Duties and Responsibilities:

• Demonstrated technical expertise and product knowledge in Primary and Excess Casualty Insurance (General Liability, Umbrella, Excess and Commercial Automobile)
• Evaluate and underwrite casualty insurance risks, including conducting risk assessments, analyzing data, reviewing applications, and determining coverage and pricing.
• Uses all appropriate underwriting tools, disciplines, and knowledge of strategies to ensure underwriting guidelines are followed.
• General understanding and ability to use pricing models, participate in rate monitoring and perform market analysis to identify future areas for growth.
• Develop and maintain relationships with clients, brokers, and other stakeholders to drive new business opportunities and build a strong book of business.
• Stay updated with territory issues, industry trends, regulatory changes, and market conditions to identify potential risks and opportunities.
• Collaborate with cross-functional teams, such as claims, risk engineering, and legal, to assess and manage risks, resolve issues, and optimize business outcomes.
• Provide excellent customer service by promptly responding to inquiries, addressing concerns, and resolving issues in a professional and timely manner.
• Contribute to the achievement of business targets, including premium growth, profitability, and customer satisfaction.
• Participate in training, professional development, and knowledge-sharing activities to stay updated with industry best practices and enhance underwriting skills.

Desired Skills & Experience

• 5-7 years of experience in casualty underwriting, preferably in the Canadian market.
• Bachelor’s Degree preferred. Professional designations (CIP, FCIP, CRM) would be an asset.
• Knowledge of casualty insurance products (including primary automobile), coverages, underwriting guidelines, and risk assessment techniques.
• Ability to analyze data, interpreting financial statements, and utilizing underwriting tools and software.
• Excellent communication skills, both written and verbal, with the ability to interact effectively with clients, brokers, and internal stakeholders.
• Strong negotiation skills with the ability to balance profitability and risk management.
• Ability to work independently and collaboratively in a fast-paced environment with changing priorities.
• Knowledge of Canadian insurance regulations and market trends.
• Ability to travel as required
• French language is an asset

This job description outlines the general nature and level of work performed by individuals assigned to this position. It does not restrict the management's right to assign or reassign duties and responsibilities to this job at any time.

Sompo International offers a competitive salary, comprehensive benefits package, and opportunities for professional growth and development.

Sompo International is committed to employment practices, including recruitment and hiring practices, that are inclusive and accessible. Accommodations for individuals with disabilities are available. Should you require accommodation, please contact human resources at [e-mail] .

Sompo International is a leading global specialty provider of property and casualty insurance and reinsurance.

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