Underwriter - Professional Indemnity
6 months ago
**Flexible Work Eligible**: Flexible Work Schedule
**DISCOVER your opportunity**
**Underwriter II - Professional Indemnity**
London, UK
The Professional Indemnity team is a significant capacity player and Thought Leader in the market. With a strong brand backed by a significant balance sheet, the Team has a Leading Underwriter position in the market writing a global book of Fortune 500 companies. All the underwriters have extensive market relationships with all the leading brokers, writing an Open Market and Delegated Authority book.
We are currently looking for an underwriter to join the team with London market experience, and some current / prior exposure to Professional Indemnity, or related lines of business.
- This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime._
**DISCOVER** **your opportunity**
As an Underwriter, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. You key tasks include: underwriting business within the agreed business plan and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; ensuring adequate reinsurance acquired to cover specific risks; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.
What will your essential responsibilities include?
- Calculating appropriate risk premium by considering the risk costs inherent to thesector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
- Proactively advising, assisting, servicing and following up with clients and brokers on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
- Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
- Controlling timely implementation of new and renewed accounts according to quality standards.
- Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
- Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
- Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
- Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.
- You will report to the UK Head of PI _
**SHARE your talent**
**SHARE your talent**
We’re looking for someone who has these abilities and skills:
We’re looking for someone who has these abilities and skills:
- Proven Underwriting experience with a demonstrable track record of writing a profitable portfolio within the London market.
- Demonstrate technical knowledge and experience of the industry and Professional Indemnity (we are open to individuals with experience in related lines of business)
- Proven analytical, negotiation and sales skills.
- Excellent written and oral communication skills
- Interpersonal Savvy - Demonstrated ability to build and maintain insured and broker contacts.
- Ability to develop and understand business processes, strategy and planning.
- Collaborative team player who provides creative solutions and ideas for resolution
**FIND your future**
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
**Inclusion & Diversity**
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.
- Five Business Resou
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