Job Title - Commercial Underwriter - Existing Business Team
Job Market - Insurance / Underwriting
Job Location - Croydon
Commercial Underwriter - About the role
Using your experience, you will be responsible for achieving retention targets across a range of commercial insurance products and motivating others to do the same. Ensuring technical compliance and maintaining broker and Insurance partner relationships.
Actively participate in EB Team activity ensuring the production of Renewal and Mid-term Amendment quotations in line with Underwriting guides
Commercial Underwriter - Key duties
To prepare and provide Renewal and MTA quotations to Broker Partners based on personal authority limitations
Instigate regular dialogue with Broker Partners on allocated renewals to secure renewal instruction and achieve individual and collective targets
Provide accurate and compliant Renewals and MTAs line with pricing levels, risk selection criteria and ensure that income and conversion objectives are achieved
To oversee all administrative duties required in connection to the above which includes but is not limited to, processing and administering policy documentation, initiating and monitoring surveys, mid-term adjustments, renewal review and negotiation and claims monitoring
Maintain accurate and detailed records of all customer contact and ensure the delivery of high-quality service, appropriate to needs of Broker or Insurer needs.
Underwrite business according to current strategy within individual level of delegated authority
Commercial Underwriter - Key requirements
Proven understanding of commercial existing business underwriting
Good technical knowledge of commercial business, including commercial combined and property classes
Proven understanding of underwriting guidelines for all transactions (renewals, endorsements, cancellations, etc.). and ability to demonstrate a working knowledge of market
You need to be able to work well under pressure, have excellent communication skills both written and verbally, be computer literate, have a positive attitude and be a team player