At a Glance
- Tasks: Assess risks, price exposures, and manage client relationships in professional liability underwriting.
- Company: Join a collaborative and innovative company that enables possibilities for clients and communities.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Dynamic role with opportunities for growth and collaboration across departments.
- Why this job: Make a real impact by helping clients achieve their goals through expert underwriting.
- Qualifications: University degree, professional certification, and experience in PI underwriting required.
The predicted salary is between 50000 - 65000 € per year.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
Underwriting position within the PI team requires an experienced underwriter in the PI class. Role will support the Line of Business Head in the marketing, underwriting and servicing of business.
Key Responsibilities:- Assessment of suitability of risks (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 with pertinent market developments.
- Implement ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.
- Support LOB Head in development and implementation of business planning, data analysis, management and Lloyd’s reporting.
- 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
- 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 in a PI underwriting position
- Demonstrated competence in maintaining broker/client relationships.
Underwriter, Professional Liability employer: Arch
At Arch Europe Insurance Services Ltd, we pride ourselves on fostering a collaborative and innovative work environment that empowers our employees to reach their full potential. As an Underwriter in the Professional Liability team, you will benefit from a culture that values expertise and offers ample opportunities for professional growth, all while being part of a dynamic team dedicated to delivering exceptional service to our clients. Located in a vibrant area, our company not only supports your career development but also encourages a healthy work-life balance, making it an excellent place to build a rewarding career.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Professional Liability
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those in professional liability. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical and analytical skills. Be ready to discuss how you assess risks and manage client relationships. We want to see your expertise shine!
✨Tip Number 3
Showcase your problem-solving abilities during interviews. Share specific examples of how you've navigated tricky underwriting situations or improved processes. This will set you apart from the crowd!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Underwriter, Professional Liability
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter position. Highlight your experience in professional liability underwriting and any relevant qualifications. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how you can contribute to our collaborative culture. Let us know what makes you the perfect fit for our team.
Showcase Your Skills:Don’t forget to highlight your technical and analytical skills, as well as your ability to manage client relationships. We’re looking for someone who can problem-solve and communicate effectively, so make sure these skills stand out!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of all the amazing candidates like you!
How to prepare for a job interview at Arch
✨Know Your Stuff
Make sure you brush up on your knowledge of professional liability underwriting. Familiarise yourself with the latest regulations, coverage options, and pricing models. This will not only help you answer technical questions but also show that you're genuinely interested in the role.
✨Showcase Your Relationship Skills
Since this role involves maintaining broker and client relationships, be prepared to discuss your past experiences in managing these connections. Think of specific examples where you successfully navigated challenges or built strong partnerships, as this will demonstrate your interpersonal skills.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving and decision-making abilities. Practice articulating how you would evaluate risks, handle difficult clients, or negotiate terms. This will help you convey your analytical mindset and ability to think on your feet.
✨Stay Current with Market Trends
Keep yourself updated on the latest market developments in professional liability insurance. Being able to discuss recent trends or changes in the industry during your interview will show that you are proactive and engaged, which aligns perfectly with the company's culture of innovation.
