Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world's fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Roles & Responsibilities
* Complete the front sheet to ensure that all required information is included;
* Enter schedule data and quotations accurately into the system;
* Ensure that the reinsurance split in the system matches the underwriting stamp;
* Ensure that the Underwriting Notes are complete;
* Log all bound, quoted, working and declined risks into the business log immediately;
* Ensure that signings are accurate and are consistent with written confirmations;
* Liaise with brokers to follow up on outstanding renewals as directed;
* Follow up on outstanding quotes with the relevant broker;
* Produce standard and ad-hoc reports as required;
* Enter accurate natural catastrophe data into the relevant model in preparation for Realistic Disaster Scenario (RDS) modelling;
* Conduct Quality Assurance (QA) within 2 working days of binding or inception whichever is first;
* Ensure that the Peer Review is completed within 5 working days from QA by communicating with the Underwriter;
* Manage the items on the Aged Debt Report and work with Finance to reduce the volume of outstanding premiums;
* Issue 'Notice Of Cancellations' (NOCs) as directed;
* Communicate the movement of outstanding premiums to the team at team meetings;
* Communicate frequently with the broker to establish the progress of premium collections;
* Fully understand the risk and seek further clarity as required;
* Obtain sign-off for all business that is in excess of agreed authority levels or where any factor falls below rating guidelines;
* Ensure that underwriting documentation, both paper and electronic, is accurate, complete, up-to-date and meet Lloyd's standards;
* Ensure that the policy wordings and clauses are slip referenced and agreed;
* Ensure that all accounts are contract certain at the time of binding;
* Develop broker relationships through regular interactions on documentation and premiums;
* Work in conjunction with the Underwriter to deliver client/broker presentations and meetings.
Experience
* 5 years' experience;
* Good knowledge of specific class of business;
* PPL experience;
* Lloyd's and London Market processing arrangements for premiums and claims;
* Financial Conduct Authority and the Prudential Regulation Authority framework;
* Market wordings and clauses;
* Up-to-date knowledge of claims to inform future underwriting decisions.
Skills
* Analytical and problem solving skills;
* Negotiation, judgment and decision making ability;
* Strong numeracy skills;
* Professional business writing and presentation skills;
* Strong communicator, both written and oral.
Systems & IT
* Eclipse;
* MS Office - Excel, Access, Word and Outlook.
Qualifications
* CII DIP
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
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