Senior Underwriter, Property

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

Job summary

Sompo International is seeking a Senior Underwriter for its Toronto office. This role involves evaluating property insurance risks and requires strong negotiation skills, a Bachelor’s degree, and experience in the Canadian market. Join a team committed to exceptional value for clients and personal growth opportunities.

Benefits

Comprehensive benefits package

Opportunities for professional growth

Family-friendly policies

Flexible working provisions

Qualifications

• 5-7 years of experience in property underwriting, preferably in the Canadian market.
• Knowledge of property insurance products and underwriting guidelines.
• Professional designations such as CIP or FCIP are a plus.

Responsibilities

• Evaluate and underwrite property insurance risks, including conducting risk assessments.
• Collaborate with brokers and clients to clarify requirements and negotiate terms.
• Provide technical guidance to junior underwriters and contribute to business targets.

Skills

Negotiation

Risk Assessment

Data Analysis

Communication

Education

Bachelor’s Degree

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, Property for our Sompo International Canadian team in our Toronto, Ontario office. This position will support our Canadian Domestic platform.

Job Summary:

As a Property Underwriter, you will play a critical role in evaluating and analyzing property insurance risks for a wide range of Canadian clients. In this pivotal role, you’ll evaluate and analyze diverse property insurance risks for clients across Canada, crafting tailored insurance solutions to balance risk and exposure with profitability. You’ll be at the forefront of shaping underwriting strategies, working collaboratively with a talented network of stakeholders to drive innovation, profitability, and alignment with our company’s vision.

We’re seeking a self-starter with a passion for excellence—someone who thrives on challenges and is eager to build a profitable book of business in a rapidly changing insurance landscape!

Duties and Responsibilities:

• Evaluate and underwrite property insurance risks, including conducting risk assessments, analyzing data, reviewing applications, and determining coverage and pricing.
• Collaborate with brokers and clients to gather information, clarify requirements, and negotiate terms and conditions.
• Develop and maintain relationships with clients, brokers, and other stakeholders to drive new business opportunities and build a strong book of business.
• Provide technical expertise and guidance to junior underwriters, including reviewing their work, providing feedback, and mentoring to ensure quality underwriting decisions.
• Stay updated with industry trends, regulatory changes, and market conditions to identify potential risks and opportunities.
• Participate in market analysis, including competitor analysis, rate monitoring, and identifying potential market niches.
• 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.
• This is a Toronto based role with a National mandate, so marketing and travel to different regions to meet with our brokers and clients is encouraged.

Qualifications include:

• Bachelor’s Degree or relevant work experience.
• 5-7 years of experience in property underwriting, preferably in the Canadian market.
• Professional designations, such as Chartered Insurance Professional (CIP), Fellow Chartered Insurance Professional (FCIP), CRM, would be an asset
• Knowledge of property insurance products, coverages, underwriting guidelines, and risk assessment techniques.
• Ability to analyze data, interpret financial statements, and utilize 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] .

Visit our website at www.sompo-intl.com