At a Glance
- Tasks: Manage a portfolio of Property and Casualty accounts and drive new business opportunities.
- Company: Join a leading insurance firm committed to diversity and inclusion.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity for career growth in a collaborative and innovative setting.
- Why this job: Make impactful decisions in a dynamic industry while building valuable relationships.
- Qualifications: Bachelor’s or Master’s degree in relevant fields and 5+ years of underwriting experience.
The predicted salary is between 58540 - 71548 £ per year.
The Property and Casualty Underwriter is responsible for managing a portfolio of accounts and driving new and renewal business opportunities for Property and Casualty insurance. The role assesses risks associated with insuring properties and liabilities, evaluates applications, analyzes data, and determines coverage terms and premiums to ensure sound underwriting decisions. They develop and maintain underwriting practices and guidelines as per delegated authority and build relationships with brokers and other stakeholders in the designated portfolio.
Location: London - UK - Fenchurch
Job Responsibilities:
- Underwrites new and renewal property and casualty business, analyses policy forms, broker endorsement requests, and submitted documentation as per company underwriting standards and guidelines and obtains additional information as needed.
- Determines whether to accept, modify or decline a risk through evaluation of the coverage value, location, usage, safety features, and other factors pertinent to the decision.
- Determines appropriate coverage limits and insurance premiums, policy terms and conditions based on risk assessment and underwriting guidelines and ensures active portfolio management of property and casualty accounts.
- Delivers services for new property and casualty business and renewals while demonstrating professionalism, technical knowledge, and adherence to underwriting guidelines.
- Examines, identifies, and evaluates exposures and ensures compliance with state and country laws and guidelines established by carriers and the organization.
- Provides premium forecasts and business plans to support budget and performance targets.
- Maintains existing broker relationships and collaborates across teams to manage production activities such as submissions, quotes, declines, binds, issuance to provide accurate, timely, and quality service to clients.
- Builds professional, long-term relationships in the designated portfolio and as per delegated authority limits and partners with brokers to create customized insurance solutions as needed to service a client.
- Creates opportunities for new business, maximises retention of assigned portfolio and ensures timely review of renewal business to achieve business targets.
- Executes marketing activities, attends seminars and training, and stays abreast on market dynamics and property and casualty underwriting trends.
- Stays informed about industry trends, emerging risks in the property and casualty sector, terminology, regulations and adjusts underwriting strategies accordingly.
Work Experience and Education:
- Bachelor’s degree or Master’s degree in Risk Management, Actuarial and Business Administration required. Any other related discipline or commensurate work experience considered.
- 5+ years of experience in Property and Casualty Underwriting.
Licenses & Certifications:
- Must meet minimum requirements for state P&C and/or surplus line licenses. Chartered Property Casualty Underwriter (CPCU) is a plus.
SME Underwriting Manager employer: Ryan Specialty
Ryan Specialty is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. Employees benefit from comprehensive training and development opportunities, fostering professional growth while being part of a supportive team that values each member's contributions. With a focus on work-life balance and a commitment to excellence, Ryan Specialty stands out as a rewarding place to build a meaningful career in the insurance industry.
