Job Description
Underwriter – Delegated Authority, Wholesale Property London, UKAs an Underwriter, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. You key tasks include: underwriting business within the agreed business plan and individual authority;supporting the business planning and forecasting process; monitoring financial exposurewithin 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.DISCOVERyour opportunityWhat 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 sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.·Proactively advising, assisting, servicing and following up with clients and brokers on insurance and risk management matters to ensure satisfaction and fulfilment of their insurance requirements.·Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.·Controlling timely implementation of new and renewed accounts according to quality standards.·Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.·Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.·Maintain awareness of all claims advised while supporting and providing input on settlement of claims.·Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.SHARE your talentWe’re looking for someone who has these abilities and skills:Underwriting experience within Wholesale Property / Delegated Authority Demonstrate technical knowledge and experience of the industry Proven analytical, negotiation and sales skills. Excellent written and oral communication skillsInterpersonal 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 resolutionFIND your futureAXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.How? By combining a comprehensive and efficient capital platform, data-driven 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.Inclusion & Diversity