Commercial Lines Underwriter

Placements24; Greater London; On-site; CAD 94,000 - 132,000; Full time

Benefits offered by this job

Competitive salary

Medical, dental, and vision insurance

Retirement plan with employer contrib.

Professional development opportunities

Collaborative East London environment

Job summary

Placements24 invites an experienced Commercial Lines Underwriter to join their established team in East London. You will assess and price commercial risks, make decisions on policy acceptance, and help shape profitable underwriting strategies.

The role requires at least 4 years in commercial lines underwriting, strong analytical and negotiation skills, and proficiency with underwriting software and MS Office. A relevant insurance/finance degree or designation is desirable.

Qualifications

• Minimum of 4 years of experience in commercial lines underwriting.
• Strong knowledge of various commercial insurance products and their risks.
• Analytical, decision-making, and negotiation skills.
• Understanding of underwriting principles, risk management, and regulatory compliance.
• Proficiency in underwriting software and Microsoft Office.
• Relevant degree or professional designation desirable.

Responsibilities

• Evaluate and underwrite commercial insurance applications, including property, casualty, and specialty lines.
• Analyze financial statements, risk assessments, and other data to determine coverage and pricing.
• Develop and maintain relationships with brokers and agents to grow business.
• Set underwriting guidelines and authority levels, ensuring compliance with policies and regulatory requirements.
• Monitor portfolio performance and identify trends or emerging risks.
• Provide technical guidance to support staff and junior underwriters.

Skills

Analytical skills

Negotiation

Decision making

Communication

Education

Insurance/Finance degree or professional designation

Relevant designation desirable

Tools

Underwriting software

Microsoft Office

Job description

About the Role

Our client is seeking an experienced Commercial Lines Underwriter to join their established team in East London. This position involves assessing and pricing commercial insurance risks, making critical decisions on policy acceptance, and developing profitable underwriting strategies. You will work closely with brokers and agents to understand business exposures and offer tailored insurance solutions that meet client needs while adhering to company guidelines. This is a challenging and rewarding role for a seasoned underwriter looking to contribute their expertise to a reputable insurance provider in the East London market.

Key Responsibilities

• Evaluate and underwrite commercial insurance applications, including property, casualty, and specialty lines.


• Analyze financial statements, risk assessments, and other pertinent data to determine appropriate coverage and pricing.


• Develop and maintain strong relationships with brokers and agents to foster business growth.


• Set underwriting guidelines and authority levels, ensuring compliance with company policies and regulatory requirements.


• Monitor portfolio performance and identify trends or emerging risks within the commercial insurance sector.


• Provide technical expertise and guidance to support staff and less experienced underwriters.

Requirements

• Minimum of 4 years of experience in commercial lines insurance underwriting.


• In-depth knowledge of various commercial insurance products and their associated risks.


• Strong analytical, decision-making, and negotiation skills.


• Excellent understanding of underwriting principles, risk management, and regulatory compliance.


• Proficiency in underwriting software and Microsoft Office applications.


• A relevant professional designation or degree in Insurance, Business, or Finance is highly desirable.

Benefits

• Competitive annual salary and performance-driven bonuses.


• Comprehensive medical, dental, and vision insurance.


• Retirement savings plan with employer contributions.


• Opportunities for ongoing professional development and industry certifications.


• A professional and collaborative working environment in East London.