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Chief Operating Officer @ kinetiQ Underwriting | Specialist Motor MGA | Taxi, Courier & Liability
Job Summary:
The Commercial SME Underwriter is responsible for shaping and enhancing kinetiQ's commercial SME products to meet market needs, regulatory requirements, and business objectives. This role involves working closely with underwriting, claims, and distribution teams to design, refine, and implement competitive commercial insurance offerings for the SME market.
The role requires a deep understanding of commercial underwriting principles (specifically in the SME arena), market trends, and product innovation strategies to drive sustainable growth and profitability.
Key Responsibilities:
1. Support the development and refinement of kinetiQ's SME commercial insurance products, ensuring alignment with market demand and company strategy.
2. Work within the underwriting team to develop and adjust pricing structures to maintain competitiveness and profitability.
3. Assist in drafting and updating policy wordings, endorsements, and coverage terms to enhance product clarity and effectiveness.
4. Collaborate with compliance teams to ensure all products meet regulatory and legal requirements.
5. Research emerging risks, industry trends, and competitor offerings to identify opportunities for innovation.
6. Work closely with underwriting teams, data analysis, and our capacity providers to ensure seamless integration of product developments into business operations.
7. Provide training and guidance to distribution, broker support, and claims teams on new and revised product features.
8. Engage with brokers and key partners to promote new products and enhance market positioning.
9. Support marketing teams in developing product documentation, sales materials, and training resources.
Market Research & Innovation
1. Conduct market analysis to identify gaps and opportunities for SME insurance products.
2. Engage with brokers, customers, and internal stakeholders to gather insights and feedback on product performance.
3. Support the development of digital and data-driven underwriting methods to streamline underwriting and enhance distribution.
4. Explore new distribution channels and partnerships to expand product reach.
Regulatory & Compliance Oversight
1. Ensure all commercial insurance products comply with FCA regulations and internal governance policies.
2. Maintain accurate documentation of product development processes and approvals.
3. Participate in regular product reviews and audits to ensure ongoing compliance and effectiveness.
Skills & Qualifications:
1. Strong experience in commercial insurance underwriting and development of new products.
2. In-depth knowledge of SME commercial insurance products.
3. Analytical mindset with experience in product pricing, performance tracking, and market research.
4. Strong knowledge of regulatory requirements and compliance considerations for insurance products.
5. Excellent communication skills with the ability to influence internal and external stakeholders.
6. Cert CII or working towards qualification.
7. Knowledge of emerging risks and innovative insurance solutions.
Salary & Benefits:
1. Competitive salary based on experience.
2. Pension scheme and professional development support.
3. Flexible and hybrid working options.
Seniority level
Mid-Senior level
Employment type
Full-time
Industries
Insurance
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