Healthcare Underwriter

AXA UK; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

Join a forward-thinking company as a Healthcare Underwriter in London, where you'll support the underwriting team in executing business plans and managing accounts. This role offers a unique opportunity to develop your underwriting skills while working closely with brokers and clients. You'll be instrumental in identifying new business opportunities and ensuring compliance with regulations. With a focus on customer service and innovation, this position is perfect for those looking to make an impact in the insurance industry. Enjoy a collaborative environment that values your contributions and fosters professional growth.

Qualifications

• Knowledge of underwriting and insurance industry theories and practices.
• Strong analytical and problem-solving skills.

Responsibilities

• Review applications and determine risk acceptability.
• Prepare quotations and manage broker relationships.

Skills

Underwriting Knowledge

Analytical Skills

Communication Skills

Negotiation Skills

Microsoft Office Suite

Education

Healthcare Qualification

Insurance Industry Knowledge

Tools

Insurance Software

Job description

We are looking for a Healthcare Underwriter to be based in our London team.

Position Summary

Under broad supervision, support the execution of the Healthcare business plan by supporting the underwriting team, focused on developing underwriting skills and technical knowledge whilst helping to manage existing accounts and identifying new business opportunities. Works within limited authority on assignments of moderate technical complexity.Utilises underwriting policies and guidelines, rating manual rules and insurance laws and regulations.

Key Responsibilities

Reviews applications and financial requirements for risks requiring technical underwriting skills.

Determines acceptability of risk in accordance with company guidelines and standards.

• Contribute to business plan achievement by handling renewals and writing new business within underwriting authority.
• Prepares quotations and answers questions from Brokers, internal and external contacts and escalates issues as necessary.
• Manages referrals on Affinity and Delegated business, liaising with the coverholder/broker partner and also with the Underwriting Manager and actuaries on Affinity reviews and product and rate changes
• Work on both Company and Lloyd’s Platforms and with both Regional and London Brokers.
• Establish and build upon relationships with brokers and work with specific broker partners to achieve distribution targets
• Working with brokers and underwriters to identify new business and cross sell opportunities.
• Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations. Where appropriate, verbally notifies Brokers of decisions in order to ensure clear understanding of the decision.
• Support the preparation of the business plan and any other document/ information as required.
• Ensure accurate entry of policy aggregate information onto the relevant software and spreadsheets, as required. Ensure the syndicate records and files are maintained and up to date. Validate USMs and SCMs on a daily basis.
• Prepare and report figures and statistics for the business unit or team account.
• Support the monitoring and control of the business, as directed by Underwriters
• Liaise with the Underwriting Assistants Team and Admin Support Team
• Manage Broker and Coverholder referrals within the Team SLAs
• Regularly and accurately update core reports for the Healthcare Team
• Prepare for and attend broker and client meetings with Underwriters
• Comply with all applicable legal and regulatory requirements and ensure, at a level appropriate to the position, that appropriate measures are in place to ensure this compliance
• Maintains current knowledge on state/territory issues, regulations and trends.
• Work with more senior underwriters or management on risks exceeding authority level or requiring special handling.
• May perform additional duties as assigned.

Skills, Knowledge & Abilities

Knowledge of underwriting and insurance industry theories and practices.

• Developing technical expertise and negotiation skills.
• Developing an understanding of business objectives and the market in which we operate
• Intellectual curiosity and interest in Healthcare (qualification or previous experience preferable)
• Strong interpersonal and communication skills.
• Ability to effectively interact with peer level CNA internal and external business partners.
• Ability to work independently and self motivate
• Strong analytical and problem solving skills
• Developing an understanding and analysis of risk, pricing, contract wordings and claims
• Ability to exercise independent judgment and make sound business decisions effectively.
• Strong knowledge of Microsoft Office Suite as well as other business-related software.

Company Description

Company Overview

CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets. We are part of CNA Financial Corp, the 8th largest U.S. commercial property and casualty insurance company. Established in 1897, CNA has approximately 7,000 employees, serving businesses and professionals in the U.S., Canada, Europe. . We offer a wide range of products and services, providing a superior suite of insurance solutions that any organisation conducting business requires.

Why Choose CNA Hardy?

For us, the customer comes first.

Our winning proposition is our commitment to our customers: We offer more than just a policy – we deliver distinctive insurance solutions and we promise a superior customer service. How we deliver on this commitment is what sets us apart from the competition. Here are just some of the reasons you should choose us:

• Our people: We recognise that our staff bring our commitment to our customers to life. Our priority is to be a great place to work so we continue to attract, retain and develop the best talent in the market.
• Our product offering: We develop innovative and specialised solutions by product and industry specialism and create certainty for customers through the delivery of underwriting and service excellence. This comprehensive global product offering supported by superior claim and risk control services is hard to replicate.
• Our relationships: We believe in building enduring relationships and want to focus our energy on partnering with customers and producers who value our approach and seek the same.
• Our track record: Our financial strength underpins our contract with our customers. We receive consistently high ratings from AM Best and Standard and Poor’s proving our ability to deliver on our commitment should the worst happen.

Treating Customers Fairly

• We deal with our Customers in a professional, open and honest way at all times
• Designing and delivering products that meet their needs;
• Ensuring that no claims are unreasonably rejected; and
• Aiming to do things right the first time and putting them right if we get them wrong.

CNA Hardy is an equal opportunity employer.

The Company

CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets. We offer a highly specialised and comprehensive portfolio of innovative and market leading products. Coverage is available to businesses of all sizes for domestic, international and global exposures.