At a Glance
- Tasks: Join AXIS Capital to underwrite medical malpractice and develop key broker relationships.
- Company: AXIS Capital, a global leader in specialty insurance with a strong ethical culture.
- Benefits: Comprehensive benefits including health plans, retirement options, and tuition reimbursement.
- Why this job: Make an impact in a dynamic team while growing your career in the insurance industry.
- Qualifications: Experience in medical malpractice underwriting and strong relationship-building skills.
- Other info: Inclusive workplace that values diverse backgrounds and offers excellent career growth opportunities.
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.
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, with a strong focus on delegated authority channels in both the 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 and should have strong market and technical knowledge within Medical Malpractice, 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.
- 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.
- 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.
- 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.
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 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.
Underwriter - Medical Malpractice, Global Markets employer: Axis
Contact Detail:
Axis Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Medical Malpractice, Global Markets
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and underwriting sectors. Attend industry events or webinars to meet potential employers and learn about opportunities at AXIS Capital.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge in Medical Malpractice. Be ready to discuss your experience and how it aligns with AXIS's goals. Show them you’re not just a fit, but the perfect fit!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, you’ll find all the latest roles and updates directly from AXIS Capital.
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 is tailored to the Underwriter role. Highlight your experience in Medical Malpractice and any relevant skills that align with what AXIS Capital is looking for. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're passionate about underwriting and how your background makes you a great fit for AXIS. Don’t forget to mention your ability to build relationships with brokers and coverholders.
Showcase Your Achievements: When detailing your experience, focus on specific achievements that demonstrate your success in underwriting. Numbers speak volumes, so if you’ve increased profitability or developed key accounts, let us know!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining the AXIS team!
How to prepare for a job interview at Axis
✨Know Your Stuff
Make sure you brush up on your knowledge of Medical Malpractice and the specific underwriting processes. Familiarise yourself with AXIS Capital's guidelines and recent trends in the industry. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Build Rapport
Since this role involves developing relationships with brokers and coverholders, practice your interpersonal skills. Be ready to discuss how you've successfully built relationships in the past. A friendly, open communication style can go a long way in making a positive impression.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've analysed risks and made informed decisions in underwriting. Highlight your ability to identify growth areas and potential threats to profitability, as this is crucial for the role. Use data or case studies to back up your points.
✨Ask Insightful Questions
At the end of the interview, have a few thoughtful questions ready about the team dynamics, growth opportunities, or AXIS Capital's future plans in the Medical Malpractice sector. This shows your enthusiasm for the position and helps you gauge if the company culture aligns with your values.