Underwriter, Europe General Casualty Division

Allied World Assurance Company; Greater London; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading insurance firm in Greater London is seeking an Underwriter with at least 3 years of experience in the London market. The role involves general underwriting functions, pricing analysis, and the authorisation of quotes and policies. Strong marketing and negotiation skills are essential, along with excellent communication abilities. This position offers an opportunity to interact with clients and brokers, contributing to division operations and overall market profitability.

Qualifications

• 3 years experience underwriting in the London market.
• Knowledge and understanding of standard market policy and endorsement wordings.
• Ability to prioritize work and meet deadlines.

Responsibilities

• Perform general underwriting functions including submission review and pricing analysis.
• Authorise quotes and invoices according to company guidelines.
• Craft endorsement wordings for legal authorization.

Skills

Strong marketing negotiating and presentation skills

Interpersonal skills

Strong verbal and written communication skills

Organizational skills

Computer Skills

Analysis Skills

Underwriting

Education

Professional Insurance Designation such as ACII / FCII

Job description

Duties and Responsibilities

• General Underwriting functions including underwriting submission review pricing analysis setting of terms and conditions and quote / binder / invoice authorisations.
• Authorising of quotes binders and invoices in accordance with company guidelines.
• Responsible for timely and correct issuance of bound policies. Crafting of Endorsement wordings for authorisation by legal.
• Providing direction to the Technical assistants in the Dublin office in the timely processing of Policy / Endorsement wordings.
• Perform referrals (as required) with the Vice President Casualty.
• Maintenance of underwriting files in an orderly and manner and in accordance with the underwriting guidelines. Including maintenance of all reporting systems fir 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 activity and overall market claim concerns which could potentially affect profitability.
• Stay current with respect to major industry issues and developments.
• Marketing attend client / broker meetings lunches dinners and other social outings as applicable. Meet with key brokers regularly to discuss production service and other topics relative to division operations. Attend important industry conferences and seminars as appropriate.
• Other duties as may be assigned.

Person Specification

• 3 years experience underwriting in the London market.
• Strong marketing negotiating and presentation skills
• Knowledge and understanding of standard market policy and endorsement wordings
• Professional Insurance Designation such as ACII / FCII desirable or training towards
• Organization skills and the ability to prioritize work
• Interpersonal skills and the ability to work within a team
• Strong verbal and written communication skills

Key Skills

• Loan Processing
• Computer Skills
• Fraud
• Math
• Banking
• Pricing
• Analysis Skills
• Fair Housing Regulations
• Underwriting
• Financial Analysis
• negotiation
• Phone Etiquette