Development Underwriter - Commercial Property & Liability Insurance

Job Description

Job Title - Development Underwriter - Commercial Lines

Job Market - Insurance / Underwriting

Job Location - Essex 


Development Underwriter - Commercial Lines - About the role

To assist in providing a regional underwriting service to help the Company continue developing portfolios of profitable Commercial Lines business accurately and in line with the Company’s established Underwriting practices.

Development Underwriter - Commercial Lines - Key requirements

To target and develop strong regional broker relationships and maximise the business opportunities that can be driven from this. You will also provide a strategic underwriting review on account performance during the development period and develop appropriate action plans to address issues should they arise.

To undertake general underwriting activities, dealing with Broker’s queries and correspondence, including the accurate input to the computer system of policy information and the timely issuance of Policy documentation.

Specific responsibilities include:

Risk selection - identifying risks that will make a positive contribution to the bottom line.

Pricing - selecting and balancing the technical and competitive rate for the risk.

Negotiation of pricing and acceptable terms to secure business.

Risk Management including selection of risks requiring risk management, interpretation of reports, application of terms and requirements and subsequent follow up including revision of terms upon completion or ultimately the withdrawal of cover.

Application of appropriate cover restrictions, warranties, clauses and policy terms and conditions. Other responsibilities include:

Referring unusual cases or those beyond authority limits to the appropriate Senior Underwriter or Manager with documented proposals.

Dealing with technical referrals from Brokers and or the Claims department on policy wording and cover particularly in resolving disputes on interpretation and or application of policy terms and conditions.

Working with the Company to identify target brokers and agree work plans.

Undertaking regular visits of your broker panel to develop a profitable and mutually beneficial relationship.

Identifying opportunities for growth deals with your panel of brokers including the provision of written reports to support your recommendations including due diligence reviews.

Undertaking any other duties as requested by management on an ad hoc basis.

Development Underwriter - Commercial Lines - Key requirements

Excellent Commercial Property & Liability underwriting skills.

Good understanding of modern distribution channels.

Strong negotiation and presentation skills.

Computer literate including good working knowledge of MS Excel.

DIP CII or significant progress towards.