Underwriting Manager - Property/Casualty Insurance

  • Job Reference: TMPUMProp
  • Date Posted: 29 July 2022
  • Recruiter: Massenhove Recruitment
  • Location: London / Work from home
  • Remote Working: Some remote working possible
  • Salary: On Application
  • Sector: Underwriting and Underwriting Support
  • Job Type: Permanent
  • Contact: Tony Martin
  • Email: tmartin@massenhove.co.uk
  • Telephone: 0333 121 8000

Job Description

Job Title - Property and Packages Underwriting Manager

Job Market: Insurance Underwriting

Job Location - London / Work from home


Property and Packages Underwriting Manager - About the role

A specialist MGA providing niche commercial lines products across 3 divisions are looking for an Underwriting Manager to join their team.

You will provide support to the CUO and Portfolio Director with underwriting expertise to help build, analyse and review underwriting plans; liaising regularly between insurers and the MGA in the development of underwriting strategy specific to binders/insurer and in developing and monitoring best practice underwriting standards across the business.

Property and Packages Underwriting Manager - Key duties

Property and Packages Underwriting Manager Attend insurer meetings -both formal and ad hoc -and produce or provide inputs to those meetings as required and work with the MGA to implement agreed underwriting and pricing strategy

Analyse data and provide key findings and recommendations

Monitor loss ratio targets by binder and recommend corrective action

Build underwriting plans for finalising and approval within the MGU and with insurers

Work closely with the business teams and technical managers to understand performance issues

Provide impact analysis of proposed portfolio changes

Model and present adhoc data for capacity partners and support the selection and securing of new capacity partners

Support the MGU in areas where a consistent approach to underwriting best practice needs designing and implementing

Liaise with technical managers within the business to develop best practice and a systematic approach to technical underwriting e.g. technical peer review, licence frameworks, training and development frameworks .

Monitor adherence to appropriate underwriting standards

Support proposition development and implementation for both new and existing binders

Property and Packages Underwriting Manager - Key requirements

Technical underwriting experience in either Property or Casualty insurance

Experience gained from an insurance company background in an underwriting role

Some experience of working within a portfolio team would be of benefit

Some knowledge of delegating underwriting would be of benefit

Understanding of underwriting calculations - loss ratio, ultimate loss ratios, combined ratios, accident year and underwriting year basis of calculation

Ability to analyse data and trends and draw conclusions form key data sets

Strong working knowledge of excel and PowerPoint

Solutions focused underwriter

Profit and growth approach