Senior Underwriter Property & Casualty in London

This role will be reporting to the Portfolio Underwriter Manager for Property & Liability. You are a key member of the underwriting team, with the authority to make sound underwriting decisions, develop policy wordings, and develop etrade products (reviewing conversion, referral and decline rates). You will conduct data analytics to review performance and growth areas and contribute to the operational delivery of the strategy.

The individual will take responsibility for maintaining and building new business to profitably grow MSIG EU and minimise loss exposure, liaise with claims on cases requiring underwriting input, create and maintain endorsements, monitor performance, and assist team members with referrals outside their authority. The products you will be responsible for include commercial combined property owners and shop packages, plus assisting the wider team with underwriting management assistance and digital delegated authorities.

What you’ll spend your time doing:

• Act as a referral point for the team and develop the team's skills where required.
• Work with the claims teams as a technical referral point.
• Respond to online underwriting referrals in accordance with our appetite and guidelines, making sound, profitable long-term decisions on risks that are written.
• Maintain and build effective relationships with existing and new clients through regular contact, demonstrating a clear understanding of their business and how we add value.
• Maintain strong, effective relationships with existing brokers, seeking out new opportunities where appropriate.
• Undertake analysis of new business referrals, quote and conversion rates to identify business opportunities, ensuring a robust business case.
• Effectively represent self and class in external activities, groups, and committees.
• Work with Broker Development Managers to seek new broker opportunities including schemes and facilities, either developing the team's online platforms or creating and managing digital delegated authorities.

Compliance and Risk Management:

• Conduct your role in accordance with the Company’s Business Ethics policy and all regulated entities as appropriate.
• Manage the location/market to comply with relevant risk, regulatory and legal requirements and wider policies.

Management Information:

• Play an active role in regular underwriting meetings.
• Review underwriting figures regularly to address unusual trends and/or adverse movements with appropriate action.
• Produce a monthly report showing New Business & Renewal income, Conversion & Quotability %, and summary including any product improvement suggestions or performance remedial actions.
• Act as a peer reviewer on all risks and material endorsements underwritten as necessary.
• Remain alert to developments affecting the business of the class, the potential profitability of the class, and opportunities for the class, reporting on such matters to leadership as appropriate.

Policy Wordings:

• Conduct market reviews to develop policy wordings along with updates following regulatory or company changes.
• Work with broker partners to bespoke wordings around their business needs to grow accounts.
• Assist the Head of Property & Liability with Governance, Underwriting, and performance.
• Manage key broker relationships targeting growth within business plans and performance.
• Provide assistance to Actuaries by feeding in data and reviewing reports.

You’re going to enjoy this job if you also:

• Have a keen interest in Property & Casualty for SME to mid-market GI business.
• Are a keen learner working towards completion of ACII accreditations (preferable).
• Demonstrate understanding of MI and its direct relationship to Etrade underwriting.
• Have high attention to detail and accuracy.
• Are a strong problem solver.
• Are advanced in using Microsoft Excel.
• Have experience in Delegated Authority Management.

What you’ll need:

• Good knowledge and experience in relevant underwriting expertise within the specific Location/Market.
• Understanding of the application of Data into the automated underwriting process.
• Experience working extensively with Data augmentation throughout the underwriting process.
• Strong analytical and data interrogation capabilities.
• Ability to effectively influence and negotiate.
• Sound financial and commercial acumen.

What you can expect from us:

• A competitive salary and benefits package.
• A great team and supportive colleagues.
• An open mind to new ideas and ways of doing things.
• A strong focus on diversity, inclusion, and equal opportunities.
• A programme of wellbeing and mental health support.
• Continuous learning and study support.

About Us:

MS Amlin is part of a global top-10 insurance group, MS&AD. We’re made up of four distinct businesses covering global reinsurance, Lloyds franchise, local specialty insurer, and business services. This role sits within our European team (MS AISE) which specialises in etrade underwriting for Motor and Non-Motor within the UK Market.

Conduct Rules:

With the implementation of the SM&CR (Senior Managers & Certification Regime), the Financial Services and Markets Act gave the FCA new powers to write conduct rules and apply them to all employees within a firm. The Conduct Rules set basic standards of good personal conduct. They stipulate that you must:

• Act with integrity.
• Act with due care, skill, and diligence.
• Be open and co-operative with the FCA, PRA, and other regulators.
• Pay due regard to the interests of customers and treat them fairly.
• Observe proper standards of market conduct.