Senior Underwriter (Renewals P&C)

Arch Insurance; St Albans; On-site; GBP 45,000 - 65,000; Full time

Job summary

Arch Insurance in the United Kingdom seeks an experienced Commercial Underwriter to drive regional GWP, income and profit objectives by delivering efficient broker service and managing the regional account within defined parameters.

You will write new business, renewals and mid-term adjustments within authority, while building strong relationships with key brokers and collaborating with claims and survey teams to achieve targets.

Qualifications

• Minimum Cert CII; Dip CII or progress towards preferred.
• At least 3 years Commercial underwriting experience (or broking).
• Understanding UK insurance market and broker relationships.

Responsibilities

• Achieve profitability, growth and expense targets across the region.
• Write new business, renewals and mid-term adjustments within authority.
• Develop relationships with key brokers to enhance Arch's presence.
• Contribute to income and GWP targets while meeting loss ratio goals.
• Ensure policy documentation and surveys are processed and reported.

Skills

Commercial underwriting

Broker management

Negotiation

Sales skills

Risk assessment

Education

Cert CII

Dip CII

Job description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.

Role Summary and Purpose

To achieve regional GWP, income and profit objectives through the delivery of an efficient service to brokers, supporting the management of the regional account in conjunction with the regional strategy, financial plan and personal objectives. Expected to perform with autonomy within defined parameters.

Key Tasks and Responsibilities

• Achieve Profitability, Growth and Expense targets by managing and operating to the Key Performance Indicators of the region.
• Write new business, or renewals and mid-term adjustments of varying complexity up to authority and binder limits. Authority level is reflective of knowledge, experience and qualifications.
• Enhance Arch’s standing and presence locally by establishing and maintaining strong personal relationships with key directors and staff at the Region’s most important brokers
• Contribute towards business Income & Gross Written Premium (GWP) objectives whilst working towards the business’s annual Target Loss Ratios and rate targets.
• Responsibility to ensure survey requests, survey overviews and policy documentation are processed, maintaining all relevant reporting tools.
• Conduct regular case reviews to ensure that technical procedures and standards are followed, in accordance with the Company QA procedures.
• Support the personal development of the underwriting staff in the Branch by delivering technical guidance skills.
• Handle referral cases above the authority levels of Underwriters, Assistant Underwriters and Development Underwriters whilst adhering to individual authority level.
• Contribute to the technical knowledge of the Company by feeding back technical and commercial market intelligence to the Regional Director & wider team.
• Maintain personal knowledge of relevant technical issues.
• Work collaboratively with other parts of the organisation, especially the claims and survey teams, when required.

Role Requirements & Skills

• Understanding your insurance market - at least 3 years' experience in Commercial underwriting (or broking)
• Proven broker account development and management
• Being able to negotiate flexibly and appropriately – manage a profitable portfolio
• Win, renew and manage out individual cases and books of business.
• Effective selling skills
• Demonstrates a range of influencing and negotiation approaches
• Risk perception/Risk selection skills
• Pricing of risk accordingly
• Successfully developing effective trading relationships
• Consistently achieving goals and objectives
• Trading successfully in the insurance marketplace
• Experience working across functions / matrix organisation to collaborate and build strong relationships

Qualifications

• Minimum Cert CII. Dip CII, or progress towards, is preferred

Experience

• The job holder will have at least 3 years Commercial Underwriting experience, strong interpersonal skills and work in a structured, planned manner.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14101 Arch Europe Insurance Services Ltd