Underwriter Contingency
Underwriter Contingency
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Job Description
Underwriter Contingency
London UK
As an Underwriter you will be responsible for delivering a profitable Underwriting service to your clients. Your key tasks include: underwriting business within the agreed business plan and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; ensuring adequate reinsurance acquired to cover specific risks; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.
This is a regulated role under the Central Bank of Irelands Fitness and Probity regime.
DISCOVER your opportunity
What will your essential responsibilities include
Reviewing submissions including applications policy wording inspection reports loss runs and financial reports while conducting appropriate research to determine degree of risk for each account Calculating appropriate risk premium by considering the risk costs inherent to the Contingency sector reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability. Proactively advising assisting servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfilment of their insurance requirements. Effective relationship management to initiate opportunities for crossselling offered products and ensuring account retention. Controlling timely implementation of new and renewed accounts according to quality standards. In coordination with other internal teams determining appropriate reinsurance for risk placements both on excess of loss and quota share basis. Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy. Supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits. Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.
You will report to the Head of Sport Media & Entertainment
SHARE your talent
Were looking for someone who has these abilities and skills:
- Underwriting experience within the London market is required
- Technical knowledge and experience of insurance industry with exposure to Contingency
- Provenanalytical negotiation and sales skills.
- Excellent written and oral communication skills
- Interpersonal Savvy Demonstrated ability to build and maintain insured and broker contacts.
- Ability to develop and understand business processes strategy and planning.
- Collaborative team player who provides creative solutions and ideas for resolution
FIND your future
How By combining a comprehensive and efficient capital platform datadriven insights leading technology and the best talent in an agile and inclusive workspace empowered to deliver top client service across all our lines of business property casualty professional financial lines and specialty.
With an innovative and flexible approach to risk solutions we partner with those who move the world forward.
Learn more at axaxl
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender sexual orientation age ethnicity and origins marital status religion disability or any other protected characteristic.
At AXA XL we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. Thats why we have made a strategic commitment to attract develop advance and retain the most diverse workforce possible and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. Its about helping one another and our business to move forward and succeed.
- Five Business Resource Groups focused on gender LGBTQ ethnicity and origins disability and inclusion with 20 Chapters around the globe
- Robust support for Flexible Working Arrangements
- Enhanced family friendly leave benefits
- Named to the Diversity Best Practices Index
- Signatory to the UK Women in Finance Charter
Learn more at axaxl/aboutus/inclusionanddiversity. AXA XL is an Equal Opportunity Employer.
Sustainability
At AXA XL Sustainability is integral to our business strategy. In an everchanging world AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 202326 Sustainability strategy called Roots of resilience focuses on protecting natural ecosystems addressing climate change and embedding sustainable practices across our operations.
Our Pillars:
- Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems the foundation of a sustainable planet and society are essential to our future. Were committed to protecting and restoring nature from mangrove forests to the bees in our backyard by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
- Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather increasing temperatures and rising sea levels cause both social inequalities and environmental disruption. Were building a net zero strategy developing insurance products and services and mobilizing to advance thought leadership and investment in societalled solutions.
- Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. Were training our colleagues engaging our external partners and evolving our sustainability governance and reporting.
- AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them known as AXA XLs Hearts in Action programs. These include our Matching Gifts program Volunteering Leave and our annual volunteering day the Global Day of Giving.
For more information please see axaxl/sustainability
Employment Type
Full-Time
