Guide and review the improvement of underwriting policies & procedures to monitor compliance with underwriting standards and identify methodologies for improving controls and efficiencies
Review and develops strategies for improving the underwriting results and increasing distribution of key products
Assume responsibility for development and evolution of package policies and the profitable growth and development thereof. Work to include the updating of coverage, policy wordings and related product literature.
Manage, enhance and maintain the relevant Underwriting and Procedural guides and rating tools and update Underwriting Guideline (including Acceptance & Rating) for all distribution channel (including the development of electronic traded products)
Organise and monitor the Underwriting Audit function (including undertaking of audits and issuing of subsequent reports)
Ensure good quality two-way communication between Underwriting Management and Claims Department, to identify adverse trends or technical aspects and necessitate changes to either policy or procedure by underwriting teams
Support Chief Underwriter in wording drafting and wording reviews as well as participate in product development as required. Comply with all applicable legal and regulatory requirements and ensure, at a level appropriate to the position, that appropriate measures are in place to ensure this compliance
Support Chief Underwriter to provide product focussed advice to underwriters on relevant matters and working to resolve product related challenges as they arise
Working as a key stakeholder on project related projects across the business as requested
Contributing to product innovation in our chosen markets, challenging the status quo
Support Chief Underwriter in setting and delivering Underwriting Key Performance Indicators and overseeing the delivery of company plan
Support Chief Underwriter in driving strategic portfolio management, address performance and planning issues using a risk-based approach, and ensuring improvement of the underwriting performance and execution of underwriting strategies.
Support Chief Underwriter in monitoring framework for underwriting authorities
Actively contribute to and participate in the provision of technical training to underwriters in order to improve technical skills/resource ensuring that adequate and appropriate market insight is provided to internally and externally to improve performance
Supporting Chief Underwriter in ensuring that the agreed control processes and tools are effectively used for the oversight of underwriting risks and product line performance
Be able to summarise key performance issues and insights in a concise and compelling way to senior management when required
Requirements
Essential
8+ years’ experience in commercial (Property & Casualty) insurance underwriting, including demonstrable account management experience
Good knowledge of underwriting policies and procedures with first-hand experience of implementation of these
Proven expert knowledge of commercial insurance wordings, product development, underwriting, legal, and regulatory
