Underwriter, General Casualty

Allied World; London; On-site; GBP 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter for General Casualty. This pivotal role involves managing a diverse portfolio, ensuring profitability while adhering to underwriting guidelines. You will engage in general underwriting functions, collaborate with various departments, and stay updated on industry trends. The ideal candidate will possess strong marketing, negotiation, and communication skills, along with a solid understanding of both Casualty and Property insurance. Join this dynamic team and contribute to the growth and success of the business while enhancing your professional expertise in a supportive environment.

Qualifications

• 5 years experience in underwriting Casualty accounts in the Irish or European market.
• Strong marketing, negotiation, and presentation skills are essential.

Responsibilities

• Manage underwriting functions including pricing analysis and policy issuance.
• Liaise with Claims Department on claim matters affecting profitability.

Skills

Marketing Skills

Negotiation Skills

Presentation Skills

Verbal Communication Skills

Written Communication Skills

Organization Skills

Interpersonal Skills

Excel

PowerPoint

Knowledge of Technical Rating Tools

Education

Professional Insurance Designation (ACII/FCII)

Job description

Job Title: Underwriter, General Casualty (25000023)

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:

1. General underwriting functions including underwriting, submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorisations.
2. Responsible for timely and correct issuance of bound policies. Crafting of Endorsement wordings for authorisation by legal.
3. Providing direction to the Underwriting Support Assistant in the timely processing of Policy/Endorsement wordings.
4. Perform referrals (as required) with VP Casualty and SVP Casualty.
5. Maintenance of underwriting files in an orderly 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.
6. Seek input from Actuarial Department to price specific accounts when appropriate.
7. Liaise with Claims Department on any specific claim matters and overall market claim concerns which could potentially affect profitability.
8. Stay current with respect to major industry issues and developments.
9. Travel to meetings throughout Ireland and Europe as required.
10. Assist in the general training of underwriting and support staff.
11. Project work as required.
12. Planning and monitoring of the portfolio of business.
13. Other duties as may be assigned.

Qualifications:

1. 5 years experience underwriting Casualty accounts in the Irish or European Retail/Wholesale market.
2. Basic knowledge of underwriting Property accounts.
3. Strong marketing, negotiation and presentation skills.
4. Excellent knowledge and understanding of standard market policy and endorsement wordings.
5. Professional Insurance Designation such as ACII/FCII desirable.
6. Organization skills and the ability to prioritize work.
7. Interpersonal skills and the ability to work within a team.
8. Strong verbal and written communication skills.
9. Strong Excel and PowerPoint skills.
10. Good knowledge of use of technical rating tools.