Underwriter - Private Enterprise

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Description

In 2017 Beazley acquired its longtime business partner Creechurch to increase its presence in Canada. Since then Beazley has demonstrated its commitment to Canada by making significant investments in its people, technology and claims expertise.  Beazley intends to be, in short order, the leading specialty insurer in Canada by leveraging its superior global brand.

Job Title:                    Underwriter – Private Enterprise (Multiline business)

Location:                    Vancouver

Division:                     Specialty Lines

Key Relationships:    Brokers, underwriters, claims staff, coverholders, external clients and suppliers          

Job Summary:           To underwrite a Multiline SME account within the Global Private Enterprise (PE) team and provide counsel and advice on underwriting related issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand.

Key Responsibilities:

Underwriting

  • Develop and underwrite a profitable portfolio of multiline SME business as part of the Global PE team.

  • Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing.

  • Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.

  • Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable.

  • Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the PE account.

  • Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Specialty Lines.

  • Comply with Beazley’s underwriting control standards for business written through Lloyd’s or Beazley’s internal MGAs.

  • Develop a good working relationship with the claims managers on this class of business.

Client Management

  • Advise, assist and service clients on insurance and risk matters to ensure clients’ satisfaction.

  • Foster positive relationships with clients to get a mutual understanding of both their and Beazley’s needs.

  • Maintenance of good business relationships with brokers.

  • Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.

General

  • Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.

  • Develop best practice and disseminate business and class knowledge within the Global PE and Specialty Lines team.

  • Work with peers within Global PE and Specialty Lines to maximise business opportunities and profitability within the department.This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.

  • Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group.

  • Production of presentations and marketing literature as required.

  • Production of business plans/research documents for the PE account as required.

 

Personal Specification:

Education and Qualifications

  • Minimum graduate level education

Skills and Abilities

  • Proficient underwriting skills

  • Accurate and numerate

  • Computer skills – good working knowledge of MS Office, advanced Excel skills

  • Strong analytical skills with attention to detail

  • Able to communicate effectively with others, both verbally and in writing

  • Ability to manage time, meet deadlines and prioritise

Motivational skills

Knowledge and Experience

  • General commercial and financial knowledge

  • Experience in the insurance industry

  • Experience of management liability underwriting

  • Thorough knowledge of underwriting policy, philosophy and practice

  • Advanced knowledge of underwriting processes and systems

  • Client service experience

Aptitude and Disposition

  • Result focussed, self-motivated, flexible and enthusiastic

  • Professional approach to interact successfully with managers/ colleagues/ external suppliers

  • Team worker as well as able to work on own initiative

  • Customer focused, with a strong ethic of service and fairness to the customer

     





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