About us:
HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.
Engineering and Construction Team is a multi-class Underwriting unit for CAR and EAR covering annuals and project specific programmes in the UK and Internationally.
The Senior Underwriter will be part of a team that is required to deliver new business, manage existing accounts, help develop and push Team forward to ultimately deliver profitable results.
The role:
- Develop and maintain a profitable book of business in line with business plan.
- Have a significant impact on new business development and contribute to new ideas, strategy and projects as required.
- Provide a monitoring, oversight and referral function for more junior members of the team.
Key accountabilities:
- Actively engage with brokers and clients in the UK & London markets to promote HDI as an insurer of choice, build close and trusted relationships with key broker and client partners and provide excellent service at all times.
- Represent HDI at external networking events and enhance and promote the HDI brand and proposition.
- Underwrite individual risks, responding to insurance proposals, gathering background information, assessing the risk considering exposure, attachment point, loss history and terms and conditions and determining appropriate insurance premiums using actuarial information, other statistics and own judgement, within own authority level, making necessary referrals in accordance with company policy.
- Assist in the development and evaluation of portfolio steering strategies and measures using actuarial models and key metrics such as profitability, coverage, and risk ratios to assess their impact on the business result.
- Use judgement, management information and external sources of information to effectively steer the portfolio, adjusting underwriting approach where necessary to deliver on KPIs.
- Leverage cross-sell opportunities, working alongside Distribution and other Product Lines.
- Accurately enter data into company systems and produce management reports to ensure alignment with strategy and appropriate internal awareness of the nature and financial impact of risks written.
- Work collaboratively with business partners (customers, claims, risk consulting, Head Office, finance, network, policy wordings, compliance and other Product Lines) and colleagues to successfully deliver HDI’s product and proposition.
- Analyse existing processes to identify potential bottlenecks, improvement opportunities and risks, as well as deriving appropriate measures for process optimization.
- Comply with HDI-UK & Ireland branch and Global policies, underwriting guidelines and underwriting authority.
- Represent the Team and actively participate on internal Branch and Head office sponsored forums, committees and projects.
- Proactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the Team and / or Branch.
- Undertake any other tasks as requested by the Director of Engineering & Construction to ensure that the team achieves its objectives.
Skills & experience:
- 5+ years professional experience in the Product Line and local or comparable foreign markets.
- Expected to be ACII qualified, or have equivalent qualifications.
- Has experience of using various company bespoke systems to interrogate data.
Other:
- External industry knowledge to be demonstrated by membership and/or liaison with external professional, industry or commercial bodies.
- Good understanding of insurance and the terminologies used, across all lines of business.
- Able to evaluate information from a variety of sources and solve problems.
- Accuracy and attention to detail
- Excellent communication and interpersonal skills; comfortable with phone & face to face discussions with underwriters, brokers and other technical colleagues
- Excellent negotiation and networking skills.
- Ability to build and maintain relationships with internal stakeholders and external clients.
- Ability to set clear goals and take responsibility for decisions and can explain and justify the need
