Chubb Life Global Senior Officer, Underwriting
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Summary / Purpose of Position:
This position will play a crucial role in assessing evaluating and managing risk for High-Net-Worth insurance applications. The Underwriter will provide analysis and recommendations based on thorough risk assessments and market trends ultimately contributing to the profitability and sustainability of our Bermuda insurance portfolio.
Duties & Responsibilities:
- Evaluate and analyze insurance applications ensuring adherence to established underwriting guidelines and regulatory standards.
- Conduct comprehensive risk assessments considering various factors including client history market conditions and financial stability.
- Determine appropriate coverage terms pricing and conditions for insurance policies balancing risk with business objectives.
- Maintain effective communication with brokers and clients to gather relevant information and clarify underwriting needs.
- Prepare and present underwriting reports that document risk evaluations and justify policy issuance decisions.
- Monitor and manage the performance of accounts making adjustments to underwriting strategies as necessary to mitigate risk.
- Stay updated on Bermudas evolving insurance regulations market trends and competitor practices to enhance underwriting decisions.
- Collaborate with cross-functional teams including claims actuarial and legal departments to ensure comprehensive evaluation of risks.
- Assist in the development and implementation of underwriting policies and procedures to enhance efficiency and ensure compliance.
Qualifications
- Bachelors degree in Finance Business Economics or a related field.
- Minimum of 4-5 years of underwriting experience within insurance sector preferably in Life Insurance.
- Fellow of the Academy of Life Underwriting Fellow Life Management Institute or Chartered Life Underwriter will be highly preferred
- Strong analytical and quantitative skills for evaluating complex risk scenarios.
- Excellent communication skills both verbal and written with the ability to present information clearly and persuasively.
- Strong attention to detail organizational skills and the ability to manage multiple priorities effectively.
- Creative problem-solving skills with the ability to make sound decisions under pressure.
- Proven track record of risk assessment and decision-making in underwriting various types of insurance products.
- Proficiency in underwriting software data analysis tools and the Microsoft Office Suite.
- Previous experience working with brokers and clients in a collaborative environment.
- Candidate with more experience can be considered as Assistant Manager
Required Experience:
Senior IC
Key Skills
- Environment
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- Behavioural Sciences
- Biophysics
- Evolution
- Forestry
- Ecology
- Biotechnology
- Agriculture
- Biochemistry
- Biology
- Ecosyatem
- Entomology
About Company
Chubb Life has been in Egypt since 2003. Chubb Life is the international life insurance division of Chubb - the world's largest publicly traded property and casualty insurance company by market capitalization.
