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Delegated Authority Scheme Underwriter – 29184
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Delegated Authority Scheme Underwriter – 29184
Job summary
A prominent insurance firm in London is seeking an experienced professional to manage delegated authority schemes. You will be responsible for developing relationships with brokers, analyzing scheme performance, and leveraging your extensive underwriting experience in the UK insurance market. The ideal candidate has over 5 years of underwriting experience and a degree-level education.
Qualifications
- 5+ years of underwriting experience from an insurance carrier or mainstream MGA.
- Knowledge of the UK insurance market and relevant regulations.
- Experience in underwriting commercial and/or personal lines.
Responsibilities
- Develop strong relationships with a panel of brokers.
- Collaborate to review scheme performance and identify growth opportunities.
- Investigate reasons for high loss ratios.
Skills
Education
This role is responsible for managing the company's delegated authority schemes to maximise their potential
- Location: London/ Hybrid working
- Type: Permanent
Key Duties (Including but not limited to):
- Proactively develop strong relationships with a designated panel of brokers, taking full ownership for the generation of profitable business, and manage regular meetings and visits
- Collaborate with partner brokers and across Underwriting and Operations to routinely review scheme performance, identify opportunities to grow, improve the proposition, improve profitability and find efficiencies
- Identifying poorly performing accounts and investigating reasons for high loss ratio. Discussing actions with Senior Underwriters and implementing actions to improve scheme performance
- Education to degree level. CII qualification or equivalent preferable
- You’ll have 5+ years underwriting experience from an insurance carrier or a mainstream MGA, ideally involving delegated authority account management
- Knowledge of the UK insurance market, and relevant regulatory practices and legislations in the industry
- Knowledge and experience of underwriting insurance risks of commercial and/or personal lines
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.