At a Glance
- Tasks: Support the IM CUO Office and enhance underwriting governance across international markets.
- Company: Sompo is a leading insurance provider with a focus on international markets.
- Benefits: Enjoy health and wellness benefits, retirement plans, and tuition reimbursement.
- Other info: Location options include the UK, Switzerland, France, Germany, Italy, and Luxembourg.
- Why this job: Join a key role that influences underwriting strategy across multiple European countries.
- Qualifications: Experience in underwriting, governance, or strategy roles within the insurance industry is necessary.
The predicted salary is between 60000 - 80000 £ per year.
A key role within Sompo’s Underwriting team, supporting the Chief Underwriting Officer and Head of Strategy for International Markets.
Location: United Kingdom, Switzerland, France, Germany, Italy, Luxembourg.
What you’ll be doing
- Support the IM CUO Office: Assist the CUO and Head of Strategy for IM in executing core responsibilities and strategic objectives of the IM CUO Office. Contribute to the development and implementation of initiatives that enhance underwriting governance and operational efficiency across international markets.
- Collaborate with Key Stakeholders: Work closely with the Strategic Partner IM and the Head of Underwriting Analytics and Pricing to align efforts and achieve shared objectives. Partner with regional CUOs, who have a matrix reporting line to the IM CUO Office, ensuring alignment with overarching IM strategy and goals. Adopt a global perspective, focusing on International Markets as a whole rather than specific regional operations.
- Underwriting Governance Framework: Support the management, maintenance, and enhancement of the Underwriting Governance Framework, ensuring principles and standards are consistently applied across all international markets. Ensure the framework stands as value-add governance and avoids unnecessary bureaucracy.
- Management-Initiated Audits (MIAs): Facilitate streamlined processes and provide oversight for underwriting audits initiated by management. Ensure audit findings are effectively addressed and integrated into ongoing governance improvements.
- Underwriting Authorities: Assist with the coordination and management of underwriting authority protocols, including referral and escalation processes, issuance and oversight of Letters of Authority (LoAs), including rollout of the new LoA system, facultative reinsurance protocols, and peer review procedures to ensure robust decision-making and adherence to governance standards.
- Delegated Authority Governance: Support the governance of delegated authorities, including establishing and maintaining robust authority structures and coordinating monitoring activities with local resources.
- Product Communities: Support Product Communities to foster collaboration, knowledge sharing, and best practice dissemination across markets. Support the organization and facilitation of Product Communities to drive innovation and alignment in underwriting practices.
What you’ll bring
- Strong understanding of underwriting governance frameworks and principles.
- Proven ability to work collaboratively across diverse teams and regions, with a global mindset.
- Excellent organizational and coordination skills to manage complex processes and projects.
- Analytical mindset with the ability to interpret data and provide actionable insights.
- Effective communication and interpersonal skills to engage with stakeholders at all levels.
- Experience in underwriting, governance, or strategy roles within the insurance industry is necessary.
Benefits
- Our compensation program promotes a pay-for-performance culture. Total compensation includes a base salary and incentives, adjusted based on overall Company performance with final awards linked to individual performance.
- Health & Wellness Benefits
- Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
- Employee Assistance Program
- Tuition Reimbursement & Professional Qualification benefits
If you need an accommodation for any part of the application process, please contact the recruiter in charge.
Underwriting Governance, International Markets employer: Sompo
Sompo offers a competitive compensation program that rewards performance, including base salary and incentives. With a presence in multiple European countries, the team focuses on enhancing underwriting governance and operational efficiency. Employees benefit from global parental leave and professional qualification support.
We think you need these skills to ace Underwriting Governance, International Markets
Underwriting Governance Framework
Analytical Skills
Organisational Skills
Project Management
Collaboration
Stakeholder Engagement
Data Interpretation
