At a Glance
- Tasks: Evaluate and underwrite new business in construction insurance, ensuring profitability and risk management.
- Company: Join a leading insurance firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Dynamic work environment with a focus on continuous improvement and development.
- Why this job: Make an impact in the construction sector while building strong broker relationships.
- Qualifications: 3+ years of underwriting experience and strong analytical skills required.
The predicted salary is between 58540 - 71548 £ per year.
- Evaluate and underwrite new business opportunities in the construction insurance sector including Casualty, Contractors All Risks, Excess Liability in alignment with underwriting guidelines and risk appetite and personal underwriting authority limits.
- Assess risk exposures, policy terms, and pricing to ensure profitability and risk management, and that risks are underwritten in accordance with authority.
- Stay updated on market trends, industry regulations, and emerging risks to adapt underwriting strategy accordingly.
Support with Broker Strategy and Relationships
- Cultivate, and maintain strong, productive relationships with broker partners to foster a collaborative and mutually beneficial working environment.
- Engage with Casus broker network to understand their needs and objectives and support them in achieving their goals.
- Work with brokers to educate them on products, underwriting approach, and risk appetite.
- Collaborate with the business development team to identify and target new broker relationships, expanding the distribution network.
- Act as a liaison between brokers and senior underwriting team, facilitating communication and addressing any enquiries or concerns in a timely manner.
- Collaborate with marketing and sales teams to identify new broker partnerships and opportunities for expanding market presence.
- Participate in broker meetings, presentations, and training sessions to enhance understanding of our products and services and strengthen relationships.
- Gather feedback from brokers regarding market needs, competitive landscape, and customer preferences to inform product development and underwriting decisions.
- Ensure underwritten business aligns with Casus risk appetite and underwriting strategy to deliver a profitable portfolio.
- Provide support with testing, deployment, and ongoing improvements of the underwriting platform.
- Collaborate with IT and underwriting teams to gather requirements, prioritize enhancements, and ensure the platform meets business needs.
- Actively participate in the development and improvement of underwriting processes, guidelines, and tools.
- Provide feedback and suggestions to enhance the efficiency and effectiveness of underwriting operations.
Key Skills and Behaviours
- Strong analytical and problem-solving skills
- Excellent communication and negotiation abilities
- Strategic thinking and decision-making
- Relationship-building and interpersonal skills
- Attention to detail and accuracy
- Adaptability and ability to thrive in a fast-paced environment
- Sound understanding of insurance principles, regulations, and market dynamics
- Ability to deliver strategic objectives
- Proficiency in Microsoft Word, Excel, and other relevant software applications.
- Familiarity with underwriting software and platforms.
- Minimum 3 years’ experience as an Underwriter within a similar underwriting role (in construction sector)
- #J-18808-Ljbffr
New Business Underwriter (Casualty & Construction) in Southend-on-Sea employer: Casus Underwriting Limited
As a New Business Underwriter in the construction insurance sector, you will thrive in a dynamic and supportive work environment that prioritises professional growth and development. Our company fosters a culture of collaboration, encouraging strong relationships with broker partners while providing comprehensive training and resources to enhance your underwriting skills. With a focus on innovation and market adaptability, we offer unique opportunities to shape your career while contributing to a profitable and sustainable portfolio.
Contact Details:
Casus Underwriting Limited Recruitment Team
We think you need these skills to ace New Business Underwriter (Casualty & Construction) in Southend-on-Sea
Communication Skills
Adaptability
Problem-Solving Skills
Flexibility
Compassion
Organizational Skills
Teamwork
