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- Tasks: Manage property and casualty workflows, evaluate risks, and develop new business strategies.
- Company: Join a leading insurance firm committed to diversity and innovation.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Dynamic workplace with opportunities for growth and learning.
- Why this job: Make a real impact in the insurance industry while building lasting relationships.
- Qualifications: 8+ years in underwriting and a relevant degree required.
The predicted salary is between 60000 - 80000 £ per year.
The Senior Property and Casualty Underwriter is responsible for overseeing and managing property and casualty business workflows, providing technical expertise and ensuring adherence to underwriting guidelines. The role develops strategies for new business opportunities and portfolio retention and actively contributes to achieving business targets. They cultivate long-term broker relationships, while also supporting training for new staff in underwriting processes.
Location: London - UK - Fenchurch
Job Responsibilities:
- Oversees and strategically manages workflows for new property and casualty business and renewals, showcasing advanced professionalism, technical expertise, and adherence to underwriting guidelines.
- Evaluates, prioritizes, and selects submissions and prices risks that will develop an underwriting profit for the carrier, refers or declines risks that present excessive risk.
- Drives risk assessment comprehensively, evaluating factors such as coverage value, location, usage, safety features, and other considerations to make informed decisions on risk acceptance.
- Determines appropriate coverage limits, insurance premiums, policy terms based on risk assessment, ensuring active portfolio management of complex property and casualty accounts.
- Negotiates terms and conditions with the broker, recognizes and creates cross sell opportunities for other products while ensuring compliance with regulations and guidelines.
- Develops strategic initiatives to create new business opportunities, maximizes retention of assigned portfolios and contributes significantly to achieving business targets.
- Manages internal and external relationships that will deliver superior customer service. Develops professional, long-term relationships with brokers and agents, expanding the book of business and operating within delegated authority limits.
- Partners with underwriting teams, fosters seamless communication, and optimizes task coordination to support the overall underwriting process.
- Provides accurate premium forecasts and business plans, contributes to budgeting processes and supports the achievement of performance targets.
- Optimizes underwriting processes, introduces new technologies, and aligns the department with broader organizational goals.
- Delivers training for new underwriters on underwriting guidelines, processes, and systems.
- Attends industry events and stays abreast of property and casualty underwriting trends, emerging risks in the sector, regulatory changes, and adjusts underwriting strategies accordingly.
Work Experience and Education:
- Minimum of 8 years of experience in Property and Casualty Underwriting.
- Bachelor’s degree required, Risk Management, Actuarial and Business Administration preferred. Any other related discipline or commensurate work experience considered.
Licenses & Certifications:
- Prescribed: Must meet minimum requirements for state P&C and/or surplus line licenses.
- Preferred: Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC).
Senior Underwriter employer: Ryan Specialty Group
Contact Detail:
Ryan Specialty Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter
✨Network Like a Pro
Get out there and connect with industry professionals! Attend events, join online forums, and don’t be shy about reaching out to brokers or other underwriters. Building relationships can open doors to opportunities that aren’t even advertised.
✨Show Off Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your technical skills and experience in property and casualty underwriting. Share specific examples of how you've successfully managed workflows or developed new business strategies.
✨Prepare for Interviews
Do your homework before interviews! Understand the company’s portfolio and recent trends in the property and casualty market. This will help you tailor your answers and show that you’re genuinely interested in the role.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Senior Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Senior Underwriter role. Highlight your property and casualty underwriting experience, and don’t forget to showcase any relevant certifications or licenses!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the role. Mention specific examples of how you've managed workflows or developed broker relationships in the past.
Showcase Your Technical Expertise: Since this role requires technical know-how, be sure to include details about your risk assessment strategies and how you've successfully navigated underwriting guidelines in previous positions.
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!
How to prepare for a job interview at Ryan Specialty Group
✨Know Your Underwriting Inside Out
Make sure you brush up on your property and casualty underwriting knowledge. Be prepared to discuss specific underwriting guidelines and how you've applied them in past roles. This will show that you have the technical expertise they’re looking for.
✨Showcase Your Relationship-Building Skills
Since cultivating long-term broker relationships is key, think of examples where you've successfully built and maintained professional relationships. Be ready to share how these relationships have contributed to business success in your previous roles.
✨Demonstrate Strategic Thinking
Prepare to discuss how you've developed strategies for new business opportunities or improved portfolio retention. Think of specific instances where your strategic initiatives led to measurable results, as this will highlight your ability to contribute to their business targets.
✨Stay Current with Industry Trends
Familiarise yourself with the latest trends in property and casualty underwriting. Be ready to discuss emerging risks and regulatory changes, and how you would adjust underwriting strategies accordingly. This shows that you’re proactive and engaged in the industry.