Job Description - Underwriter - Delegated Authority, Wholesale Property
Job Number: 12002016D20240807
Location: London, UK
As an Underwriter, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. Your key tasks include:
1. Underwriting business within the agreed business plan and individual authority.
2. Supporting the business planning and forecasting process.
3. Monitoring financial exposure within outlined limits.
4. Monitoring premium income to ensure it remains within set limits.
5. Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.
6. Ensuring adequate reinsurance acquired to cover specific risks.
7. Building and maintaining relationships with brokers and clients.
8. Supporting the design and structure of risks.
Essential Responsibilities:
1. Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine the degree of risk for each account.
2. 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.
3. Proactively advising, assisting, servicing, and following up with clients and brokers on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
4. Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
5. Controlling timely implementation of new and renewed accounts according to quality standards.
6. Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
7. Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
8. Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
9. Working collaboratively in a team environment, assisting underwriters, underwriting assistants, and management team.
You will report to the Underwriting Manager, Delegated Authority - Wholesale Property.
Required Skills and Abilities:
* 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 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.
AXA XL Overview:
AXA 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.
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.
Location: GB-GB-London
Work Locations: GB London 20 Gracechurch Street, London, EC3V 0BG
Schedule: Full-time
Job Type: Standard
AXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law.
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