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 Internationall
y.
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 resul
ts.
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 req
- uired.Provide a monitoring, oversight and referral function for more junior members of the
team.
Key accountab
- ilities:
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 a - ll times.Represent HDI at external networking events and enhance and promote the HDI brand and pro
- position.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 compan
- y 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 busines
- s 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 Produ
- ct 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 pro
- position.Analyse existing processes to identify potential bottlenecks, improvement opportunities and risks, as well as deriving appropriate measures for process opti
- mization.Comply with HDI-UK & Ireland branch and Global policies, underwriting guidelines and underwriting a
- uthority.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 / o
- r Branch.Undertake any other tasks as requested by the Director of Engineering & Construction to ensure that the team achieves its ob
jectives.
Skills &
- experience:
5+ years professional experience in the Product Line and local or comparable fore - ign markets.Expected to be ACII qualified, or have equivalent qua
- lifications.Has experience of using various company bespoke systems to inter
rogate
- data.
Other:
External industry knowledge to be demonstrated by membership and/or liaison with external professional, industry or com - mercial bodies.Good understanding of insurance and the terminologies used, across all lin
- es of business.Able to evaluate information from a variety of sources and
- solve problems.Accuracy and atte
- ntion to detailExcellent communication and interpersonal skills; comfortable with phone & face to face discussions with underwriters, brokers and other techn
- ical colleaguesExcellent negotiation and net
- working skills.Ability to build and maintain relationships with internal stakeholders and ex
- ternal clients.Ability to set clear goals and take responsibility for decisions and can explain and j
ustify the need
