Responsibilities
- Contribute to development and promotion of Munich Re Engineering and Construction products with a key focus on construction liability
- To underwrite new and renewal business in line with underwriting guidelines and appetite.
- Work with the intermediary/customer, undertake end-to-end handling of cases for the allocated portfolio to deliver the agreed joint business development plans in line with the Company's overall trading strategy.
- Make effective on site decisions, within delegated authority, for allocated intermediaries so that work is completed efficiently.
- Deal with complex accounts, ensuring tailored solutions and risk appropriate decisions.
- Plan and process own work in a way that will assist the team to meet its customer service targets including credit control targets.
- Undertake other duties as directed within the level of the job function.
Underwriting
- Contribute to development and promotion of Munich Re Engineering and Construction products with a key focus on construction liability
- To underwrite new and renewal business in line with underwriting guidelines and appetite.
- Work with the intermediary/customer, undertake end-to-end handling of cases for the allocated portfolio to deliver the agreed joint business development plans in line with the Company's overall trading strategy.
- Make effective on site decisions, within delegated authority, for allocated intermediaries so that work is completed efficiently.
- Deal with complex accounts, ensuring tailored solutions and risk appropriate decisions.
- Plan and process own work in a way that will assist the team to meet its customer service targets including credit control targets.
- Undertake other duties as directed within the level of the job function.
Strategic contributions
- Support the creation and implementation of underwriting strategy, forecasts and portfolio management required to achieve profitability and technical excellence.
- Identify, define and develop business opportunities, seeking the input of other members of staff where appropriate, to ensure that business proposals are dealt with swiftly and effectively.
- Assist in maintaining a balanced and high quality portfolio, optimising the use of information gathered.
Technical expertise
- Deliver technical presentations where required.
- Act as a reference point for the allocated intermediary/customer or less experienced staff, so that a high level of customer service is delivered.
- Ensure the underwriting technical standards are maintained across the portfolio
Intermediary and Customer management
- Work with the Underwriting team to develop strong relationships with allocated intermediaries, balancing intermediary needs with the Company's trading objective in a way that will deliver profitable and balanced trading growth.
- Represent and promote Munich Re externally with intermediaries and customers.
Knowledge And Skills
- High level of construction liability underwriting knowledge.
- Understanding of technical underwriting, philosophy and Company trading strategy.
- Ability to interpret and effectively use management information.
- Excellent communication skills.
- Knowledge of the local insurance market practices.
- Build internal relationships with Line of Business Managers, team members, Underwriters, the Claims Department and the Syndicate.
- Develop external relationships with a range of contacts within the allocated intermediaries, customers and local market.
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Underwriter Level 1 - Construction Liability in Glasgow employer: Munich Re
Munich Re is an exceptional employer that fosters a collaborative and innovative work culture in the heart of London. With a strong emphasis on employee growth, we offer numerous opportunities for professional development and mentorship, ensuring that our team members thrive in their careers. Our commitment to cutting-edge technology and Agile practices not only enhances job satisfaction but also positions our employees at the forefront of the insurance industry.
