At a Glance
- Tasks: Underwrite and manage a profitable International General Liability book while collaborating with brokers and clients.
- Company: Chaucer Group, a leading insurance group at Lloyd's with a global presence.
- Benefits: Flexible working arrangements, commitment to diversity, and opportunities for professional growth.
- Other info: Work in a supportive environment that values diversity and fosters career development.
- Why this job: Join a dynamic team and make an impact in the international insurance market.
- Qualifications: ACII qualified with relevant class experience and strong analytical skills.
The predicted salary is between 55000 - 65000 € per year.
To underwrite and manage a profitable International General Liability book.
Main duties
- Support the Head of Intl GL in writing a profitable International General Liability book.
- Take responsibility for part of the International General Liability class of business.
- Support the production of a business plan for review and agreement by Divisional Head.
- Input into the monthly and quarterly forecasting process for the International General Liability class.
- Underwrite in accordance with underwriting authority and the business plan.
- Seek out new business opportunities through liaison with brokers and clients.
- Review of new and renewal risks including slip analyses, perform rating/benchmark analyses and undertake premium monitoring.
- Liaise with brokers and develop good working relationships with broking and support teams.
- Liaise with other business areas within Chaucer as required, including credit control, claims, internal risk review, actuarial etc.
- Use market, industry and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and the Int GL market in general.
- Peer Review of risks as allocated under the peer review selection criteria and responsibility matrix as set out in the Underwriting Manual.
- Responsibility for the accuracy and upkeep of written premium data on Charisma and other systems for all risks written within the area of responsibility.
- Prepare reports and statistical information as required by senior management.
- Assist in the continuous assessment of rating and benchmarking models.
- Travel to visit existing and potential clients as required.
- Ensure compliance with and maintenance of syndicate systems.
- Compliance with Lloyd’s regulations and byelaws.
Regulatory Responsibilities
- Comply with all policies and procedures and ensure that due regard is paid to providing good customer outcomes and the fair treatment of customers.
- Manage the relationships with Customers, Agents and Service Providers:
- Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction;
- Foster positive relationships with Customers and attain an understanding of their needs;
- Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate;
- Complete all required annual product review assessments to agreed timescales with approvals obtained and recorded.
- Follow all Chaucer Group Product Governance processes in the UCM and obtain appropriate approvals.
- Ensure that the principles of providing good customer outcomes and the fair treatment of customers are upheld by Agents and Service Providers.
Skills and Competencies
- Relevant class experience.
- Managing Agency experience.
- Excel and Word – Intermediate.
- Mathematics, data and analytical skills.
- Global Macro Economics.
- Able to communicate with different levels and is adaptable.
- Resilient and able to work in a pressured environment.
- Works as part of a team.
Qualifications
- ACII qualified.
ABOUT US
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups. Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Class Underwriter - International General Liability - Chaucer Group in London employer: Chaucer Group
Chaucer Group is an exceptional employer, offering a dynamic work environment in the heart of London, where employees are empowered to manage and underwrite a profitable International General Liability book. With a strong commitment to diversity and inclusion, Chaucer fosters a culture that values individual contributions and promotes professional growth through continuous learning opportunities and flexible working arrangements. Employees benefit from building strong relationships with clients and brokers while being part of a leading insurance group at Lloyd's, ensuring meaningful and rewarding career experiences.
StudySmarter Expert Advice🤫
We think this is how you could land Class Underwriter - International General Liability - Chaucer Group in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, brokers, and potential clients. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. The more people you know, the better your chances of landing that Class Underwriter role!
✨Tip Number 2
Do your homework on Chaucer Group! Familiarise yourself with their values, recent projects, and market position. This will not only help you in interviews but also show that you're genuinely interested in being part of their team.
✨Tip Number 3
Prepare for those tricky interview questions! Think about how your experience aligns with underwriting and managing a profitable book. Use examples from your past roles to demonstrate your skills in risk assessment and client relationship management.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining Chaucer Group. Don’t forget to follow up after applying; a little persistence can go a long way!
We think you need these skills to ace Class Underwriter - International General Liability - Chaucer Group in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Class Underwriter role. Highlight relevant experience in underwriting and managing liability books, and don’t forget to showcase your analytical skills and any relevant qualifications like ACII.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re the perfect fit for Chaucer. Mention specific experiences that relate to the job description, especially your ability to build relationships with brokers and clients.
Showcase Your Analytical Skills:Since this role involves a lot of data analysis and forecasting, make sure to highlight your mathematical and analytical skills. Give examples of how you've used these skills in previous roles to drive results.
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 and shows us you’re serious about joining our team at Chaucer!
How to prepare for a job interview at Chaucer Group
✨Know Your Numbers
As a Class Underwriter, you'll need to be comfortable with data and analytics. Brush up on your mathematical skills and be ready to discuss how you approach rating and benchmarking analyses. Prepare examples of how you've used data to make underwriting decisions in the past.
✨Understand the Market
Familiarise yourself with the International General Liability market and current trends. Research Chaucer Group's position within the industry and be prepared to discuss how you can contribute to their business plan and profitability goals. Showing that you’re informed will impress your interviewers.
✨Build Relationships
Since liaising with brokers and clients is key, think about how you can demonstrate your relationship-building skills. Prepare anecdotes that showcase your ability to foster positive relationships and handle customer complaints effectively. This will highlight your customer-centric approach.
✨Showcase Your Team Spirit
Chaucer values teamwork, so be ready to discuss how you work collaboratively with others. Share examples of how you've contributed to team success in previous roles, especially in high-pressure environments. This will show that you can thrive as part of their team.
