Partnerships Underwriter – 28423

The Emerald Group; London; On-site; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter to join their Partnerships division in London. This role involves assessing risk through careful review of submissions and conducting thorough research to ensure effective risk selection. The successful candidate will utilize pricing tools to calculate appropriate risk premiums while ensuring profitability. With a focus on analytical and technical skills, you will play a crucial role in managing policy changes and maintaining compliance with regulatory requirements. If you have a passion for underwriting and a strong understanding of insurance principles, this is an exciting opportunity to advance your career in a dynamic environment.

Qualifications

• Experience in underwriting with a focus on Property and Casualty is beneficial.
• Strong analytical and technical skills are essential for this role.

Responsibilities

• Review submissions to assess risk and ensure effective governance.
• Calculate risk premiums and manage policy endorsement requests.

Skills

Analytical Skills

Technical Skills

Underwriting Knowledge

Insurance Knowledge

Tools

Excel

Data/MI Tools

Catastrophe Models

Job description

The Underwriter will underwrite risk within the Partnerships division, ensuring effective risk selection, governance and resources are in place to develop the strategy, implement the business plan, monitor performance and meet regulatory requirements.

• Location: London
• Type: Permanent

Key Duties (Including but not limited to):

• Reviewing opportunities/submissions including applications, policy wording, inspection reports, loss runs and financial reports while conducting appropriate research to determine degree of risk for each account/partnership agreement.
• Calculating appropriate risk premium by utilising pricing tools for the specific line of business with additional consideration for reinsurance and other costs while ensuring profitability.
• Processing entries, as required, properly onto relevant systems in a timely manner ensuring accuracy of data with relation to both underwriting and exposures
• Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy
• An understanding of underwriting and insurance knowledge – experience of writing Property, Casualty or delegated business would be beneficial
• An understanding of relevant software including Excel, data/MI tools and catastrophe models
• Excellent analytical and technical skills