Professional Indemnity Underwriting experience?

Date: 29 Sep 2023
Sector: INSURANCE
Type: Permanent
Location: London
Salary: 30000 - 70000 per annum
Email:
Ref: BT978

Professional Indemnity Broking or Underwriting experience? PI Underwriter. to c70,000

A exciting opportunity for this well established but growing MGA, whilst the organisation are based in the South East of the UK they are very open to candidates wishing to work remotely. As an Underwriter within the PI team, you will produce and underwrite new and renewal business. You will also be responsible for interacting and collaborating with colleagues internally and building and maintaining good broker relationships. An interest in Cyber would be an advantage. Previous experience in D&O would be highly advantageous.

Duties :

Dealing with SMEs directly across the country, through a network of direct customers and insurance brokers that feed business to underwrite.

On pre-agreed accounts, actively participate and support Development and Renewal Underwriters in new business, renewal and mid-term alteration underwriting activities that support underwriting decisions, consistent with business growth and profit.

Accountable for accurate underwriting documentation/information in account management systems and adherence to documentation standards.

Understand, embrace, support and execute underwriting strategies and principles to produce budgeted results.

In-House Underwriting - Underwriting to strictly reflect the rules and guidelines of the team and in accordance with the financial goals of the team

Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine the degree of risk for each account

Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.

Achieve optimum client retention through handling renewals