The Role:
Underwriting Manager P & C
To support the CUO and Portfolio Director with underwriting expertise to help build, analyse and review underwriting plans- liaising regularly between insurers and the MGA in the development of underwriting strategy specific to binders/insurer and in developing and monitoring best practice underwriting standards across the business.
Responsibilities:
1. Attend insurer meetings -both formal and ad hoc -and produce or provide inputs to those meetings as required and work with the MGA to implement agreed underwriting and pricing strategy
2. Analyse data and provide key findings and recommendations
3. Monitor loss ratio targets by binder and recommend corrective action
4. Build underwriting plans for finalising and approval within the MGU and with insurers
5. Work closely with the business teams and technical managers to understand performance issues
6. Provide impact analysis of proposed portfolio changes
7. Model and present adhoc data for capacity partners and support the selection and securing of new capacity partners
8. Support the MGU in areas where a consistent approach to underwriting best practice needs designing and implementing
9. Liaise with technical managers within Q Underwriting to develop best practice and a systematic approach to technical underwriting eg technical peer review, licence frameworks, training and development frameworks.
10. Monitor adherence to appropriate underwriting standards
11. Support proposition development and implementation for both new and existing binders
Experience:
The ideal candidate should possess excellent knowledge and understanding of the London Market Insurance Industry, and be enthusiastic and conscientious. The key responsibilities of the role are:
12. ACII or progress towards
13. Technical underwriting experience in either Property or casualty insurance
14. Experience gained form an insurance company background in an underwriting role
15. Some experience of working within a portfolio team would be of benefit
16. Some knowledge of delegating underwriting would be of benefit.
17. Understanding of underwriting calculations – loss ratio, ultimate loss ratios, combined ratios, accident year and underwriting year basis of calculation.
18. Ability to analyse data and trends and draw conclusions form key data sets
19. Strong working knowledge of excel and powerpoint
20. Solutions focused underwriter
21. Profit and growth approach
Further information
As well as a competitive salary we offer the following benefits -
22. Competitive holiday allowance with the annual option to buy additional days
23. Death in Service benefit of x4 salary
24. Company pension scheme
25. Enhanced maternity and paternity leave packages
26. A flexible benefits package which allows you to add additional benefits to your overall package
27. Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel and many more
28. Referral schemes
29. Discounted rates on PIB products
30. We offer a first-class employee benefits and welfare package to support our employees with financial management, cycle to work scheme, counselling support, health screening, will writing, menopause support, books, stopping smoking and much more
31. We also offer a wide range of discounts including a kids pass – giving you discount to over 4500 attractions and activities, discounts at hairdressers and beauticians, climate change projects with lots of other options to choose
32. PIB has a comprehensive learning & development framework, including professional study options and apprenticeships which are available to all employees, and which will support your career development
33. Being a part of our PIB Community Trust, we support fundraising where you can apply for grants from PIB Group towards your chosen charity
34. PIB Group are committed to improving their environmental impact in a responsible way. From the individual actions that our colleagues take every day through to installing the right facilities across our premises, there are many measures in place to help reduce PIB’s carbon footprint.
Why join us?