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Underwriting position within the PI team
Requires an experienced underwriter in the PI class
Role will be support the Line of Business Head in the marketing, underwriting and servicing of business
Key Responsibilities
1. Assessment of suitability ofrisks (renewals and new business), pricing exposures in accordance with approved rating model, discretionary pricing mechanisms, and general business unit guidelines.
2. Identify the need for and evaluate additional risk assessment information including Underwriter Representatives’ reports, actuarial and financial reports and statements; and any / all other publicly available information.
3. Source input from, and work in conjunction with stakeholders in other departments including claims, actuarial, and operations.
4. Maintain ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyse and interpret coverage, explain underwriting requirements and expectations, and present terms.
5. Oversee risks through the life-cycle of a policy: pre-renewal, renewal, ongoing management. Provide best in class service to internal and external stakeholders.
6. Perform marketing activities including maintenance of key producer and client relationships. Regularly meet with clients formally and informally. Keep up to date pertinent market developments.
7. Implement ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.
8. Support LOB Head in development and implementation of business planning, data analysis, management and Lloyd’s reporting.
Skills / Competencies
9. Technical and analytical skills
10. Client & broker relationship management
11. Regulatory & compliance awareness
12. Problem solving, negotiation & decision making
13. Strong interpersonal and leadership skills demonstrating an ability to teach, influence and motivate others
14. Strong written and verbal communication skills
Qualifications
15. University degree and professional certification desired with suitable underwriting experience
16. Knowledge and understanding of rating, coverage and regulations that cover the class of business.
Experience
17. Experience in a PI underwriting position
18. Demonstrated competence in maintaining broker/client relationships.
14101 Arch Europe Insurance Services Ltd