Underwriter - Property Risks, Germany

Übersicht

Job Title: Underwriter - Commercial Property

Division: Property Risks

Location: Munich/Hamburg

Reports To: As per Beazley’s organisation chart

Key Relationships: Brokers, own staff, underwriters, claims, coverholders, external clients and suppliers

Job Summary

Develop and underwrite a Commercial Property portfolio in regional European markets, within the Property Risks team and provide counsel and advice on underwriting and market issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand. Reporting into the Head of Commercial Property Europe, this is a senior position, with responsibility for the input into planning and execution for the region.

Key Responsibilities

Underwriting

• Develop and underwrite a profitable portfolio of Commercial Property as part of the Property Risks team.
• Structure tailor‑made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing.
• Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.
• Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the Underwriting and general administration costs to ensure profitability, using rating models as applicable.
• Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the Commercial Property account.
• Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Property Risks.
• Comply with Beazley’s underwriting control standards for business written through Lloyd’s or any of Beazley’s subsidiaries or internal MGAs.
• Develop a good working relationship with the claims managers on this class of business.

Client Management

• Advise, assist and service clients on insurance and risk matters to ensure clients’ satisfaction.
• Foster positive relationships with clients to get a mutual understanding of both their and Beazley’s needs.
• Maintenance of good business relationships with brokers.
• Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.

General

• Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.
• Develop best practice and disseminate business and class knowledge within the Property Risks team and other key stakeholder.
• Work with peers within Property Risks to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.
• Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability within the Group.
• Production of presentations and marketing literature as required.
• Production of business plans/research documents for the Commercial Property account as required.

Values & Expectations

It is important that within all your interactions both internally and externally you adhere to Beazley’s core values – Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to comply with procedures, policies and regulations, undertake training, display business ethics, ensure fair outcomes for customers, comply with specific responsibilities, and carry out additional duties as notified.

Personal Specification

Skills & Abilities

• General commercial and financial knowledge
• Possess underwriting expertise
• Accurate and numerate
• Strong analytical skills with attention to detail
• Able to communicate effectively with others, both verbally and in writing
• Ability to manage time, meet deadlines and prioritise
• Fluency in English is required as well as the local language; additional European languages beneficial

Knowledge & Experience

• General commercial and financial knowledge
• Good knowledge of one or more of Beazley's key markets within Europe
• Experience of Commercial Property underwriting
• Thorough knowledge of underwriting policy, philosophy and practice
• Advanced knowledge of underwriting processes and systems
• Client service experience

Aptitude & Disposition

• Results focused, self‑motivated, flexible and enthusiastic
• Professional approach to interact successfully with managers/colleagues/external suppliers
• Team worker as well as able to work on own initiative
• Customer focused, with a strong ethic of service and fairness to the customer

Competencies

• Achievement drive
• Analytical thinking
• Strategic thinking
• Service focus
• Team working
• Conceptual thinking
• Forward thinking

Seniority level

Not Applicable

Employment type

Full‑time

Job function

Finance and Sales

Industries

Insurance

Job Function

Finance and Sales

Additional Information

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