At a Glance
- Tasks: Underwrite and manage a profitable International General Liability book while collaborating with brokers and clients.
- Company: Join Chaucer, a diverse and inclusive company committed to innovation and teamwork.
- Benefits: Flexible working arrangements, competitive salary, and opportunities for professional growth.
- Other info: Embrace a culture that values diversity and promotes respect for all employees.
- Why this job: Make an impact in the insurance industry while developing your skills in a dynamic environment.
- Qualifications: ACII qualified with relevant class experience and strong analytical skills.
The predicted salary is between 50000 - 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.
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 in London employer: Chaucer
Contact Detail:
Chaucer Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Class Underwriter - International General Liability in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to brokers or potential clients. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with someone, make sure to highlight your relevant experience and skills. Talk about your analytical abilities and how you’ve successfully managed similar portfolios. We want to see your passion for International General Liability!
✨Follow Up
After any meeting or networking event, drop a quick follow-up email. Thank them for their time and reiterate your interest in the role. It shows initiative and keeps you fresh in their minds!
✨Apply Through Us
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take that extra step to connect with us.
We think you need these skills to ace Class Underwriter - International General Liability in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Class Underwriter role. Highlight your relevant experience in International General Liability and showcase how your skills align with what we're looking for.
Showcase Your Analytical Skills: Since this role involves a lot of data analysis, don’t forget to mention your mathematical and analytical skills. Give examples of how you've used these skills in previous roles to make informed decisions.
Demonstrate Relationship Management: We value strong relationships with brokers and clients, so share any experiences where you’ve successfully built and maintained professional relationships. This will show us you can thrive in our collaborative environment.
Apply Through Our Website: For the best chance of success, make sure to apply directly through our website. It’s the easiest way for us to keep track of your application and ensures you’re considered for the role!
How to prepare for a job interview at Chaucer
✨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've used data in past roles to make informed underwriting decisions. Prepare examples of how you've performed rating or benchmark analyses.
✨Understand the Market
Familiarise yourself with the current trends in the International General Liability market. Research recent developments and be prepared to discuss how these might impact underwriting strategies. Showing that you’re aware of market dynamics 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 how this has led to successful outcomes in previous roles.
✨Compliance is Key
Make sure you understand the importance of compliance with Lloyd’s regulations and internal policies. Be ready to discuss how you’ve ensured compliance in your previous positions and how you would approach this responsibility in the new role.