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Development Underwriter

3 months ago


London, United Kingdom QBE Insurance Full time

Time Type: Full time


We have a newly created Underwriter position within our Commercial Lines UK team to support our sustained and continued growth plans. This role will have a focused lens on UK-domiciled business writing monoline Property & Real Estate whilst maintaining and establishing relationships with aligned regional brokers.


Surrounded by supportive colleagues our market-facing underwriters own their own book of business, including a blend of new and existing business, with exposure across complex and technical risks. Underwrite insurance risks in accordance with the business plan and the delegated underwriting authority to meet business objectives including: | Negotiating rates terms and conditions for existing and new business | Compliance of production and issue of contract certainty documentation ( non Lloyds ) | Ensuring compliance with internal and external regulations and guidelines | Ensuring contribution to the business plan and objectives | Support credit control in payment collection
Demonstrate an understanding and awareness of market dynamics and market cycle to enhance business performance
Positively promote the department, division and company as a whole in order to maximize brand leverage
Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met

Adhere to underwriting standards, instructions and good practice to minimize risk and maximize efficiency
Ensure the recording and measurement of insurance risks, (including DUA's if relevant) to ensure accuracy and good practice
Understand and comply with any reinsurance requirements to minimize risk and to deliver business plan objectives
Participate in the review and analysis of the portfolio to identify progress toward business objectives
Ensure entries are properly and promptly recorded on EO systems to ensure accuracy of data in relation to: | Underwriting | Aggregate exposures
Good broker network relationships
Intermediate level understanding of relevant software including Excel and other departmental software packages
Demonstrable knowledge of legal and regulatory requirements (specific reference to FSA/ Lloyds regulation)
That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. In addition to this, we also offer flexible parental leave for both parents and have several employee network groups that support and empower our diverse workforce."


At QBE, we view our people as our most precious asset. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation.""


Employer of the Year 2022 Winner - Insurance Insider"



British Claims Awards 2022 Winner - InsurTech Award""



Insurance Times Claims Excellence Awards 2022 Winner - Claims Product Solution of the Year""



Working Families Best Practice Awards 2021 Finalist for: Best COVID-19 Response"""



Insurance Post British Insurance Awards 2022 Shortlisted for: Best Customer Care, Diversity & Inclusion Initiative of the Year 2022 , Specialist Insurer of the Year (for Construction), General Insurer of the Year""


We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women's Empowerment Principles and Race at Work charter helps keep us accountable and transparent"



Inclusion of Diversity"


We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in."


We know that diversity of thought, background and experience enables better decision making, improves the quality of our delivery and helps us to meet the needs of our customers." "



We employ more than 11,000 people, with a local presence in 27 countries."


We are driven by our purpose of enabling a more resilient future - helping those around us build strength and embrace change to their advantage.""


We've been cultivating resilience since 1886, when our founders started a marine insurance company in Australia to give early pioneers a safeguard against uncertainty. Today, we're still giving our customers confidence to explore, innovate and take measured risks, secure in the knowledge they're covered by a strong insurer."


As a business insurance specialist, QBE European Operations offers a range of insurance products from the standard suite of property, casualty and motor to the specialist financial lines, marine and energy. To find out more about why you should work for QBE, visit our careers website ."



If you have a passion to contribute to QBE's vision of enabling a more resilient future for our customers and the community, we encourage you to APPLY NOW