Underwriting Portfolio Manager - P&C

PIB Group; London; On-site; GBP 70,000 - 100,000; Full time

Job summary

A leading company in the insurance sector is seeking an Underwriting Manager P & C to enhance underwriting strategies and ensure best practices are followed. This role requires strong analytical skills, a deep understanding of the London Market, and proven technical underwriting experience. The position offers a comprehensive benefits package to support personal and professional development.

Benefits

Competitive holiday allowance

Death in Service benefit of x4 salary

Company pension scheme

Flexible benefits package

Comprehensive learning & development framework

Qualifications

• Excellent knowledge of the London Market Insurance Industry.
• Technical underwriting experience in Property or Casualty insurance.
• Ability to analyze data and trends.

Responsibilities

• Support CUO and Portfolio Director with underwriting expertise.
• Monitor loss ratio targets by binder and recommend corrective action.
• Attend insurer meetings and implement agreed underwriting strategy.

Skills

Data Analysis

Problem Solving

Communication

Education

ACII or progress towards

Tools

Excel

PowerPoint

Job description

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Client:

PIB Group

Location:

London, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

40cb85dc6a4a

Job Views:

4

Posted:

02.06.2025

Expiry Date:

17.07.2025

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Job Description:

The Role:

Underwriting Manager P & C

To support the CUO and Portfolio Director with underwriting expertise to help build, analyse and review underwriting plans- liaising regularly between insurers and the MGA in the development of underwriting strategy specific to binders/insurer and in developing and monitoring best practice underwriting standards across the business.

Responsibilities:

• Attend insurer meetings -both formal and ad hoc -and produce or provide inputs to those meetings as required and work with the MGA to implement agreed underwriting and pricing strategy
• Analyse data and provide key findings and recommendations
• Monitor loss ratio targets by binder and recommend corrective action
• Build underwriting plans for finalising and approval within the MGU and with insurers
• Work closely with the business teams and technical managers to understand performance issues
• Provide impact analysis of proposed portfolio changes
• Model and present adhoc data for capacity partners and support the selection and securing of new capacity partners
• Support the MGU in areas where a consistent approach to underwriting best practice needs designing and implementing
• Liaise with technical managers within Q Underwriting to develop best practice and a systematic approach to technical underwriting eg technical peer review, licence frameworks, training and development frameworks .
• Monitor adherence to appropriate underwriting standards
• Support proposition development and implementation for both new and existing binders

Experience:

The ideal candidate should possess excellent knowledge and understanding of the London Market Insurance Industry, and be enthusiastic and conscientious. The key responsibilities of the role are:

• ACII or progress towards
• Technical underwriting experience in either Property or casualty insurance
• Experience gained form an insurance company background in an underwriting role
• Some experience of working within a portfolio team would be of benefit
• Some knowledge of delegating underwriting would be of benefit.
• Understanding of underwriting calculations – loss ratio, ultimate loss ratios, combined ratios, accident year and underwriting year basis of calculation.
• Ability to analyse data and trends and draw conclusions form key data sets
• Strong working knowledge of excel and powerpoint
• Solutions focused underwriter
• Profit and growth approach

Further information
As well as a competitive salary we offer the following benefits -

• Competitive holiday allowance with the annual option to buy additional days
• Death in Service benefit of x4 salary
• Company pension scheme
• Enhanced maternity and paternity leave packages
• A flexible benefits package which allows you to add additional benefits to your overall package
• Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel and many more
• Discounted rates on PIB products
• We offer a first-class employee benefits and welfare package to support our employees with financial management, cycle to work scheme, counselling support, health screening, will writing, menopause support, books, stopping smoking and much more
• We also offer a wide range of discounts including a kids pass – giving you discount to over 4500 attractions and activities, discounts at hairdressers and beauticians, climate change projects with lots of other options to choose
• PIB has a comprehensive learning & development framework, including professional study options and apprenticeships which are available to all employees, and which will support your career development
• Being a part of our PIB Community Trust, we support fundraising where you can apply for grants from PIB Group towards your chosen charity
• PIB Group are committed to improving their environmental impact in a responsible way. From the individual actions that our colleagues take every day through to installing the right facilities across our premises, there are many measures in place to help reduce PIB’s carbon footprint.