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 and Responsibilities
- Underwrite profitable business in accordance with the Starr Rotterdam business plans.
- Adhere to all Starr underwriting standards as outlined in the Underwriting Manual.
- Obtain sign-off for all business that is in excess of agreed authority levels or where any factor falls below rating guidelines.
- Adhere to rating tools and guidelines.
- Ensure that underwriting documentation, both paper and electronic, is accurate, complete, up-to-date and meet Starr’s standards.
- Ensure that the policy wordings & clauses are slip referenced and agreed.
- Ensure that all accounts are contract certain at the time of binding.
- Conduct Peer Reviews to check the underwriting rationale, terms and conditions, pricing against Starr guidelines and the completeness of files.
- Continuously develop and enhance the rating tool(s) regularly to enhance the range of exposures they encompass.
- Monitor premiums versus budget to ensure alignment with the business plan.
- Ensure that portfolio performance satisfies Starr’s Underwriting Business Plan.
- Oversee that business retained within the portfolio continues to provides commercial advantage.
- Assist in the preparation of Realistic Disaster Scenarios (RDS) returns to determine effectiveness of reinsurance coverage against business.
- Review Internal Audits and Expert Review Reports to identify and implement improvements. Manage aggregations / accumulations Identify future areas of business opportunity.
- Support the Branch Manager in producing a business strategy.
- Assist the Branch Manager in producing a clear, coherent underwriting strategy.
- Conduct/attend appropriate marketing meetings/presentations with broker, clients and reinsurers.
- Develop broker and client relationships to optimise opportunities to lead business, arranging or attending regular meetings, presentations and events.
- Seek to grow market share by increasing awareness of technical expertise with outside parties.
- Explore client and company knowledge to identify and optimise cross-selling opportunities.
Experience
- 5 years’ plus experience;
- Advanced knowledge of class of business;
- Knowledge on market wordings and clauses and reinsurance practices;
- Up-to-date knowledge of claims activity and handling to inform future underwriting decisions;
- Sound appreciation of the global insurance and reinsurance market;
- Advanced skills in portfolio management.
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.
