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Senior PI Underwriter
Senior underwriting position within the PI team
Requires an experienced underwriter in the PI class
Role will be support the UK PI Underwriting Manager and Line of Business Head in the marketing, underwriting and servicing of business
Key Responsibilities
Assessment of suitability ofrisks (renewals and new business), pricing exposures in accordance with approved rating model, discretionary pricing mechanisms, and general business unit guidelines.
Identify the need for and evaluate additional risk assessment information including Underwriter Representatives’ reports, actuarial and financial reports and statements; and any / all other publicly available information.
Source input from, and work in conjunction with stakeholders in other departments including claims, actuarial, and operations.
Maintain ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyse and interpret coverage, explain underwriting requirements and expectations, and present terms.
Oversee risks through the life-cycle of a policy: pre-renewal, renewal, ongoing management. Provide best in class service to internal and external stakeholders.
Perform marketing activities including maintenance of key producer and client relationships. Regularly meet with clients formally and informally. Keep up to date pertinent market developments.
Implement ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.
Support UWM and LOB Head in development and implementation of business planning, data analysis, management and Lloyd’s reporting.
Support UWM and LOB Head in development and mentoring of junior members of the underwriting team
Role Requirements
Skills / Competencies
Technical and analytical skills
Client & broker relationship management
Regulatory & compliance awareness
Problem solving, negotiation & decision making
Strong interpersonal and leadership skills demonstrating an ability to teach, influence and motivate others
Strong written and verbal communication skills
Qualifications
University degree and professional certification desired with suitable underwriting experience
Knowledge and understanding of rating, coverage and regulations that cover the class of business.
Experience
Extensive experience in an underwriting position.
Demonstrated competence in maintaining broker/client relationships.
Experience or demonstrated the aptitude to operate in a leadership / mentoring position within team structure.
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14101 Arch Europe Insurance Services Ltd