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- Tasks: Lead the underwriting process for life science accounts and develop innovative insurance products.
- Company: Join Ryan Specialty, a leader in property and casualty insurance with a focus on innovation.
- Benefits: Enjoy competitive pay, mentorship opportunities, and a dynamic work environment in London.
- Why this job: Be part of a forward-thinking team that drives growth and fosters creativity in the insurance industry.
- Qualifications: Extensive experience in Life Science underwriting within the London Market is required.
- Other info: This role offers a chance to shape the future of underwriting while collaborating with top executives.
The predicted salary is between 72000 - 108000 £ per year.
Position Summary: The Property and Casualty Underwriting Director is responsible for directing the property and casualty underwriting strategy, policies, and processes to deliver profitable growth. The role oversees all aspects of underwriting, business development and retention and leads the development of innovative insurance products. They foster innovation, build key relationships, and collaborate with executives to ensure underwriting business is aligned with Ryan Specialty's strategic and financial goals.
Location: London - UK
What will your job entail? Job Responsibilities:
- Directs and oversees the comprehensive underwriting process for both new and renewed life science accounts to achieve and exceed profitability targets.
- Partners with executives and business heads to craft a compelling underwriting strategy, outlines ambitious revenue targets and market expansion plans.
- Leads the development of innovative products within the underwriting portfolio, leveraging market insights, customer needs, and emerging industry trends.
- Reviews and authorises innovative underwriting solutions and structures and recommends changes as needed to deliver business goals.
- Supervises strategic initiatives and ensures data driven decision making, operational excellence and improved client retention in alignment with Ryan Specialty's vision and objectives.
- Identifies areas for growth and cross-selling, fosters an innovative culture and drives the team to develop new underwriting practices, guidelines, and processes for increased effectiveness.
- Oversees comprehensive risk analysis, evaluates factors such as coverage value, location, usage, safety features to make informed decisions on risk acceptance, modification, or decline.
- Establishes and enforces consistent underwriting best practices within the team, aligning with underwriting guidelines to ensure rating, pricing, profitability, and structuring adequacy.
- Establishes strong relationships with key brokers, clients, and other stakeholders aimed at growing the business.
- Provides training and mentorship to underwriting professionals, focusing on underwriting approaches, compliance, policy documentation, administration, and other best practices.
Work Experience and Education: Extensive experience in Life Science underwriting within the London Market.
Life Science Senior Underwriter employer: Ryan Specialty
Contact Detail:
Ryan Specialty Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Life Science Senior Underwriter
✨Tip Number 1
Network with professionals in the life science and insurance sectors. Attend industry events, webinars, or local meetups to connect with key players and learn about the latest trends and opportunities in underwriting.
✨Tip Number 2
Stay updated on emerging trends in the life sciences and insurance markets. Follow relevant publications, blogs, and social media channels to understand what innovations are shaping the industry and how they might impact underwriting strategies.
✨Tip Number 3
Consider reaching out to current or former employees of Ryan Specialty. They can provide valuable insights into the company culture, expectations for the role, and tips on how to stand out during the interview process.
✨Tip Number 4
Prepare to discuss your experience with innovative underwriting solutions and risk analysis. Be ready to share specific examples of how you've successfully developed new products or improved processes in your previous roles.
We think you need these skills to ace Life Science Senior Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Life Science Senior Underwriter. Familiarise yourself with the key aspects of underwriting, business development, and the specific requirements mentioned in the job description.
Tailor Your CV: Customise your CV to highlight your extensive experience in Life Science underwriting, particularly within the London Market. Emphasise relevant skills, achievements, and any innovative products you've developed or contributed to in previous roles.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the underwriting process and your ability to drive profitability. Mention specific examples of how you've successfully partnered with executives to achieve ambitious revenue targets and market expansion plans.
Highlight Your Leadership Skills: Since the role involves supervising strategic initiatives and providing mentorship, be sure to include examples of your leadership experience. Discuss how you've fostered an innovative culture and improved client retention in past positions.
How to prepare for a job interview at Ryan Specialty
✨Showcase Your Industry Knowledge
Make sure to demonstrate your understanding of the life science sector and its unique challenges during the interview. Discuss recent trends, regulatory changes, or innovations that could impact underwriting practices.
✨Highlight Your Strategic Thinking
Prepare examples of how you've developed or contributed to underwriting strategies in previous roles. Be ready to discuss how you align these strategies with broader business goals, as this is crucial for the role.
✨Emphasise Relationship Building
Since the role involves establishing strong relationships with brokers and clients, be prepared to share experiences where you've successfully built and maintained professional relationships. This will show your ability to foster collaboration.
✨Demonstrate Leadership Skills
As a senior underwriter, you'll need to lead teams and mentor others. Share specific instances where you've led initiatives or trained colleagues, highlighting your leadership style and its effectiveness in achieving results.
