Renewals Underwriter - Commercial Lines

Job Description

Underwriter - Renewals - Commercial Lines

Job Market - Insurance / Underwriting

Job Location - Essex 


Underwriter - Renewals - Commercial Lines - About the role

Underwrite renewal business profitability, accurately and in line with established Underwriting practice. Supply underwriting and administration support as required. Maintain and develop business relationships with intermediaries. Produce timely and accurate documentation. Actively encourage generation of profitable new business. Promote the business through a polite, helpful and willing attitude to all customers and colleagues. Assist and coach colleagues with technical and procedural aspects of underwriting.

You will also undertake general underwriting activities, dealing with Broker’s queries and correspondence, including the input to the computer system of policy information and issue of documentation.

Underwriter - Renewals - Commercial Lines - Key duties

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 acceptance 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 includes:

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

Promoting a general awareness of other Company divisions and identifying any cross-selling opportunities.

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 Managing Director to identify target brokers and agree work plans.

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

Identify opportunities for growth deals with your panel of brokers and provide written reports to support your recommendations including due diligence reviews.

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

Underwriter - Renewals - Commercial Lines - Key requirements

Good Commercial Property & Liability underwriting skills.

Good understanding of modern distribution channels.

Strong negotiation and presentation skills.

Computer literate including good working knowledge of MS Office.

Consideration to achieving CII Cert level.