Underwriter, General Casualty

Allied World; London; On-site; GBP 50,000 - 75,000; Full time

Job summary

A leading company in the insurance sector is seeking an Underwriter with extensive experience in Casualty accounts. The role involves managing a diverse portfolio and requires strong marketing, negotiation, and communication skills. Ideal candidates will have a professional insurance designation and a solid understanding of underwriting principles, particularly in Property insurance. This position offers opportunities for travel and professional growth within a dynamic team.

Qualifications

• 5 years experience underwriting Casualty accounts in the Irish or European Retail/Wholesale market.
• Basic knowledge of underwriting Property accounts.

Responsibilities

• General underwriting functions including pricing analysis and issuance of bound policies.
• Providing direction to the Underwriting Support Assistant.
• Planning and monitoring of the portfolio of business.

Skills

Marketing

Negotiation

Presentation

Organization

Interpersonal

Communication

Excel

Power Point

Education

Third level qualification

Professional Insurance Designation (ACII/FCII)

Tools

Technical rating tools

Job description

Description

This position is responsible for underwriting a diverse book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of the overall portfolio of business within the appropriate underwriting discipline/guidelines, marketing and servicing of existing and potential insured’s. The position will also require a basic knowledge of Property insurance to assist with the underwriting of Commercial Combined business.

Duties and Responsibilities:

·General underwriting functions including underwriting, submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorisations.

·Responsible for timely and correct issuance of bound policies. Crafting of Endorsement wordings for authorisation by legal.

·Providing direction to the Underwriting Support Assistant in the timely processing of Policy/Endorsement wordings.

·Perform referrals (as required) with VP Casualty and SVP Casualty.

·Maintenance of underwriting files in an orderly and manner and in accordance with the underwriting guidelines. Including maintenance of all reporting systems for submissions and bound accounts, rate change modeling, bound account listing, submission log and reports as may be developed.

·Seek input from Actuarial Department to price specific accounts when appropriate.

·Liaise with Claims Department on any specific claim matters and overall market claim concerns which could potentially affect profitability.

·Stay current with respect to major industry issues and developments.

·Travel to meetings throughout Ireland and Europe as required.

·Assist in the general training of underwriting and support staff.

·Project work as required.

·Planning and monitoring of the portfolio of business.

·Other duties as may be assigned.

Qualifications

·5 years experience underwriting Casualty accounts in the Irish or European Retail/Wholesale market.

·Basic knowledge of underwriting Property accounts.

·Strong marketing, negotiation and presentation skills.

·Excellent knowledge and understanding of standard market policy and endorsement wordings.

·Third level qualification.

·Professional Insurance Designation such as ACII/ FCII desirable.

·Organization skills and the ability to prioritize work.

·Interpersonal skills and the ability to work within a team.

·Strong verbal and written communication skills.

·Strong Excel and Power Point skills.

·Good knowledge of use of technical rating tools