Position Summary:
Senior Professional Indemnity Underwriter is responsible for overseeing and managing open market professional indemnity renewal business and E-Trade NB/Renewal Professional indemnity workflows, providing technical expertise and ensuring adherence to underwriting guidelines. The role develops strategies for open market Professional indemnity renewal cross-sell and E-Trade new business opportunities/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. The role involves maintaining broker relationships. Leading and managing underwriting members of the renewal and e-trade teams.
Location:
Manchester - UK - Peter
Job Responsibilities:
- Oversee and strategically manage workflows for open market renewals and e-trade professional indemnity business, showcasing advanced professionalism, technical expertise, and adherence to underwriting guidelines.
- Lead and manage underwriting members within the open market renewals and E-Trade teams, inspiring and creating a professional culture while encouraging career development.
- Evaluate, prioritize, and select submissions and price risks that will develop an underwriting profit for the carrier, referring or declining risks that present excessive risk.
- Drive risk assessment comprehensively, evaluating factors such as coverage value, location, usage, safety features, and other considerations to make informed decisions on risk acceptance.
- Determine appropriate coverage limits, insurance premiums, and policy terms based on risk assessment.
- Negotiate terms and conditions with the broker, recognize renewal cross-sell opportunities while ensuring compliance with regulations and guidelines.
- Develop strategic initiatives to maximize renewal retention and contribute to achieving e-trade new business targets.
- Manage internal and external relationships that will deliver superior customer service, develop professional, long-term relationships with brokers and agents, expanding the book of business and operating within delegated authority limits.
- Partner with underwriting teams, foster seamless communication, and optimize task coordination to support the overall underwriting process.
- Provide accurate premium forecasts and support the achievement of performance targets.
- Optimize underwriting processes and align the department with broader organizational goals. Deliver training for new underwriters on underwriting guidelines, processes, and systems.
- Attend industry events and stay abreast of professional indemnity underwriting trends, emerging risks in the sector, regulatory changes, and adjust underwriting strategies accordingly.
Qualifications:
- Minimum of 8 years of experience in Professional Indemnity Underwriting.
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout our organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
