About Inigo
We enable your ambition. We insure good people – knowledgably, fairly, and efficiently. We combine our expertise with the best of science, data, and analytics.
Inigo's aim is to create an underwriting focused insurance and reinsurance business, concentrating on limited classes. We want to combine the best data and analytics that exist and build our own capability to generate insights to drive business decisions. At the top of our agenda is to create a diverse and open culture where we foster talent and provide opportunities to build a rewarding career in a company that is vibrant and at the start of an exciting journey.
We have a culture that is inclusive, fun, and constantly strives for excellence, we describe it as ‘all in’. Our values are:
* Get Smart – we ask questions, explore, learn, and continuously strive for excellence
* Park the Ego – we are welcoming and open, and embrace different thinking
* Share the Passion – we collaborate and communicate our expertise honestly and thoughtfully
* Radical Simplicity – we are transparent, focused and actively avoid complexity in how we operate
About the Team
We define Partnerships as a new strategic approach to delegated underwriting. Our focus is on building a deep level of collaboration with a small number of select trading partners, underpinned by a mutual commitment to superior data and analytics and backed by lead capacity. Our purpose is to create substantive shared offerings with our strategic partners by aligning financial performance and data intelligence underpinned by overlapping cultural values.
We have built a dedicated team who work with our partners across lines of business and territories to build, evaluate, underwrite, and operationalize such opportunities.
Our commitment to improving the customer experience is evident in our unique offerings for our primary customers - our broker partners. We strive to deliver significant capacity, enhanced efficiency, and solutions that cater to unmet needs or improve existing coverage. Grounded in data and analytics, we aim to elevate the broker and client experiences.
About the Role
The Assistant Underwriter will underwrite business within assigned underwriting authority, and work with the wider team to achieve the business plan, monitor performance and meet regulatory requirements.
The successful candidate will do this by:
* Reviewing opportunities/submissions including applications, policy wording, inspection reports, loss runs and financial reports while conducting appropriate research to determine degree of risk for each account/partnership agreement.
* Calculating appropriate risk premium by utilising pricing tools for the specific line of business with additional consideration for reinsurance and other costs while ensuring profitability.
* Processing entries, as required, properly onto relevant systems in a timely manner ensuring accuracy of data with relation to both underwriting and exposures.
* Reviewing loss control reports to process any necessary changes to the policy.
* Analysing risks both on an individual basis and at a portfolio level.
* Contributing to the planning process through research and preparation of relevant materials.
* Contributing and participating in meetings to share and develop strategy, knowledge and best practice.
* Working across a cross functional team, including claims, actuarial, operations, data and exposure management
* Building and maintaining relationships with customers, brokers, business partners and colleagues to achieve business objectives.
* Providing timely service to all stakeholders.
To do this, we’re going to need you to bring:
* An understanding of underwriting and insurance knowledge
* An understanding of relevant software including Excel, data/MI tools and catastrophe models
* A collaborative approach, providing creative solutions and ideas for resolution
* Excellent analytical and technical skills
* Excellent written and oral communication skills
* The ability to develop good client relationships
* The ability to manage time, meet deadlines and prioritise effectively
* The ability to develop and understand business processes, strategy and planning