Underwriter I, Terrorism (Angel Risk Management)

AXA Group; Chelmsford; On-site; GBP 35,000 - 50,000; Full time

Job summary

A global insurance provider seeks an Underwriter I to join their Chelmsford office. The successful candidate will manage underwriting for terrorism-related insurance, focusing on client relations, risk assessment, and product development. Ideal candidates should have advanced analytical and negotiation skills, alongside a knack for collaboration and communication. This role offers an engaging work environment with opportunities for professional growth and development in a leading insurer.

Qualifications

• Possesses demonstrated technical knowledge in underwriting or broking for Property and Terrorism.
• Ability to work under technical direction on complex assignments.
• Collaborative team player with creative solutions.

Responsibilities

• Review submissions and determine risk.
• Calculate appropriate risk premiums.
• Proactively advise clients on insurance matters.
• Effective relationship management with brokers.
• Monitor financial exposure within outlined limits.
• Lead and support new product development.

Skills

Advanced analytical skills

Negotiation skills

Sales/marketing skills

Excellent communication skills

Interpersonal skills

Collaboration skills

Technical underwriting knowledge

Job description

Underwriter I, Terrorism (Angel Risk Management)

Chelmsford, UK

Angel Risk Management specialises in underwriting products for the small to medium‑size sector on behalf of AXA XL – the global insurer that combines financial security with a nimble and empowered approach. The majority of Angel online business is underwritten either via the Angel Underwriting bespoke system from the Angel Chelmsford office or the Angel online quick quote system. A typical Angel broker would usually be a smaller and predominantly regionally focused broker, often individually owned.

AXA XL provides property, casualty, professional and specialty products to industrial, commercial and professional businesses, insurers and enterprises through the world.

As an Underwriter I, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. Your key tasks include : underwriting business within the agreed business plan and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; building and maintaining relationships with brokers and clients; supporting the design and structure of risks; support and active involvement in the recruitment process; Embed Innovative company culture & actively work with IT and other Angel teams to ensure continuous development of efficient systems

This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.

Discover your opportunity

What will your essential responsibilities include?

• Reviewing submissions including applications, policy wording, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.
• Calculating appropriate risk premium by considering the risk costs inherent to the sector, as well as the Underwriting and general administration costs while ensuring profitability.
• Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfilment of their insurance requirements.
• Effective relationship management to initiate opportunities for cross‑selling offered products and ensuring account retention.
• Controlling timely implementation of new and renewed accounts according to quality standards.
• Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
• Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
• Taking on a senior role within the business, working collaboratively in a team environment, assisting underwriters and management team.
• Develop, underwrite, quote and bind new and renewal business.
• Deal with referrals and complex risks.
• Assist the junior members of the team by acting as a referral point for business outside of their authority.
• Deal efficiently with broker queries as they arise.
• Reinforce and build new partnerships and relationships with brokers.
• Lead & / or support the development and running of new Angel products and propositions.

You will report to The Head of Angel.

Share your talent

We’re looking for someone who has these abilities and skills

• Under technical direction, works within significant limits and authority on assignments of higher technical complexity and coordination.
• Possesses demonstrated technical knowledge and skills (underwriting or broking), including product and industry (Property and Terrorism), reflective of successful progression through various job family levels.
• Advanced analytical, negotiation and sales / marketing skills.
• Excellent written and oral communication skills.
• Interpersonal Savvy - Demonstrated ability to build and maintain insured and broker contacts.
• Collaborative team player who provides creative solutions and ideas for resolution.
• Advanced technical skills particularly with wordings.

Find your future

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid‑sized companies, multinationals and even some inspirational individuals we don’t just provide re / insurance, we reinvent it.

How? By combining a comprehensive and efficient capital platform, data‑driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business – property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

Inclusion & Diversity