At a Glance
- Tasks: Join our Medical Malpractice team to underwrite and manage accounts for medical professionals.
- Company: AXIS Capital is a leading global provider of specialty insurance and reinsurance.
- Benefits: Enjoy competitive pay, health plans, wellness programs, tuition reimbursement, and paid leave.
- Why this job: Be part of a dynamic team that values inclusivity and personal growth in a supportive culture.
- Qualifications: Experience in Medical Malpractice underwriting and strong relationship-building skills are essential.
- Other info: Open to diverse backgrounds; accommodation available during the selection process.
The predicted salary is between 36000 - 60000 £ per year.
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.
How does this role contribute to our collective success?AXIS\’ Medical Malpractice team is seeking a dynamic individual to join our team of underwriters to continue to build on a long history of success. The role would involve underwriting a wide range of medical professionals\’ business. This can include some open market business, however, there would be a strong focus on delegated authority channels in both UK and Europe.
The Underwriter, will act within established guidelines to market, analyse, review, evaluate and monitor new and renewal accounts of all medical malpractice business. The individual will be responsible for exercising independent judgement in the management of underwriting activities. The individual should have strong market and technical knowledge within Medical Malpractice and with the ability to bring in and develop relationships with brokers and coverholders. Some professional lines or liability underwriting background would also be of benefit.
What will you do in this role?
Take a key position within the Medical Malpractice team, developing the existing delegated authority book and looking for key areas of growth. There is the opportunity to also work with the professional lines and liability delegated authority teams to grow cross class opportunities within the wider AXIS team.
Explore Medical Malpractice growth opportunities in Europe.
Reporting on an ad hoc basis regarding pipelines, new opportunities, and progress towards strategic goals.
Take responsibility for overall Coverholder/Broker relations for the team.
Review and evaluate new and renewal business based upon AXIS underwriting guidelines, competition and geographic focus and make recommendations.
Review coverage requests provided by Coverholders /Brokers and determine the Unit\’s position relating to such requests within individual authority granted. Present those outside authority to Unit Head for approval or guidance.
Analyse and underwrite individual risks. Develop appropriate limit structure, retention, pricing and endorsements within authority granted. Refer to Unit Head for approval if outside authority.
Manage and develop a personal book of business with regards to new lines, renewals and cross marketing of products within Global Markets.
Meet all divisional servicing objectives including but not limited to quote turnaround, policy issuance, file maintenance and documentation, etc. Maintain data integrity for underwriting system.
Solicit new accounts or coverholders, gather market intelligence, and provide up to date department information relating to products and services. Manage key broker relationships to ensure objectives are achieved.
Perform all necessary travel as required for broker development as well as client meetings.
Continue to develop and update product and underwriting knowledge.
Maintain up to date familiarity with economic and legal factors impacting the lines of business being underwritten.
Participate in projects or perform other related work as required.
You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
About You:We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
Experience underwriting in Medical Malpractice
Ability to identify strategic growth areas and to highlight any potential threats to the profitability of the account
Proven track record in successfully developing a book
Ability to build new and existing broker or coverholder relationships
Excellent technical skills in underwriting in this class
Strong team player who is effective working in a close team environment
Open communication style and excellent presentation skills
Attention to detail
Other desired skills & capabilities:
Excellent negotiation, interpersonal/communication skills, and strong marketing abilities.
Self-initiated and high motivation; proactively addressing of issues.
CII qualifications or working towards.
Proficiency in Microsoft Office suite applications (Outlook, Word, Excel, and PowerPoint).
Ability to multi-task and manage conflicting priorities.
Excellent team-working skills.
Accurate and diligent working approach.
What we offer:You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more. and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.
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Underwriter - Medical Malpractice, Global Markets employer: AXIS Capital
Contact Detail:
AXIS Capital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Medical Malpractice, Global Markets
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in Medical Malpractice insurance. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those involved in Medical Malpractice. Attend relevant conferences or webinars to meet potential colleagues and brokers, which can give you an edge when applying for the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully developed broker relationships or managed underwriting activities in the past. Having concrete stories ready will showcase your experience and fit for the role.
✨Tip Number 4
Research AXIS Capital's corporate culture and values. Understanding their emphasis on inclusivity and ethical practices will allow you to align your responses during interviews, showing that you're a great cultural fit for the team.
We think you need these skills to ace Underwriter - Medical Malpractice, Global Markets
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly in Medical Malpractice. Use specific examples to demonstrate your skills and achievements in this area.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also reflects your understanding of AXIS Capital's values and culture. Mention how your background aligns with their focus on client service and ethical practices.
Showcase Your Technical Skills: In your application, emphasise your technical skills in underwriting and any relevant qualifications, such as CII certifications. Highlight your proficiency in Microsoft Office applications, as these are essential for the role.
Demonstrate Relationship-Building Abilities: Provide examples of how you have successfully developed relationships with brokers or coverholders in your previous roles. This is crucial for the Underwriter position at AXIS Capital.
How to prepare for a job interview at AXIS Capital
✨Know Your Medical Malpractice Inside Out
Make sure you have a solid understanding of medical malpractice insurance, including key trends and challenges in the industry. Be prepared to discuss specific cases or examples that demonstrate your expertise and how you've successfully navigated similar situations in the past.
✨Showcase Your Relationship-Building Skills
Since the role involves managing broker relationships, be ready to share examples of how you've built and maintained strong professional connections. Highlight any successful negotiations or partnerships you've developed, as this will show your ability to thrive in a team-oriented environment.
✨Demonstrate Strategic Thinking
Prepare to discuss how you identify growth opportunities and potential threats within the market. Think of specific instances where your strategic insights led to successful outcomes, and be ready to explain your thought process during these situations.
✨Be Ready for Technical Questions
Expect to answer technical questions related to underwriting practices and guidelines. Brush up on your knowledge of underwriting principles, risk assessment, and pricing strategies, as well as any relevant regulations that may impact the role.