Underwriter - Technology

2 weeks ago


London, United Kingdom CNA Hardy Full time

**Function / Area**:Underwriting - Technology

**Reports To**:London Underwriting Manager - Technology and Life Sciences

**Position Summary**

The individual will have responsibility for underwriting both new and renewal business, across the technology sector. The role will include PI, Commercial Combined risks across the Company platform.

The individual will operate within the underwriting policies and guidelines with autonomy within their underwriting authority

**Key Responsibilities**
- Achieving annual new business target and renewal retention rates
- Achieving profitability targets
- Establish and build upon relationships with brokers, clients and Lloyds as necessary
- Development of pipeline
- Develop and execute on broker plans
- Comply with all applicable legal and regulatory requirements and ensure, at a level appropriate to the position, that measures are in place to ensure compliance
- Ability to effectively interact with peer level CNA internal & external business partners:

- Strong ability to facilitate meetings and present to medium sized groups
- Markets products and services through the brokerage community and makes visits
- Collaborates with all team members and other product lines, working well with all underwriters
- Determines acceptability of risk in accordance with company guidelines and standards.
- Prepares quotations and answers questions from Brokers, internal and external contacts and escalates issues as necessary.
- Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.
- Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations. Verbally notifies Brokers of decisions where appropriate in order to ensure clear understanding of the decision.
- Competitor review
- Keeps current on state/territory issues, regulations and trends.
- Develop proficiency in all relevant CNA systems.
- May perform additional duties as assigned

**Skills, Knowledge & Abilities**
- Understanding of the Technology market and products
- 4-5 years experience in either an underwriting or broking capacity
- Appropriate knowledge of all relevant regulatory and legal requirements applicable to the position
- Strong interpersonal and communication skills
- Market facing with good trading / negotiation skills
- Team player and embraces change
- Knowledge of underwriting and insurance industry theories and practices including development of training plans and external training (brokers)
- Ability to effectively interact with peer level CNA internal and external business partners.
- Ability to work independently.
- Strong analytical and problem solving skills
- Ability to exercise independent judgment and make sound business decisions effectively.
- Strong knowledge of Microsoft Office Suite as well as other business-related software.
- Determines acceptability of risk in accordance with company guidelines
- Recommends appropriate pricing and coverage modification with clear underwriting of coverage and ability to explain how covers are relevant to industry
- Analyses, quantity, quality profitability of risks and prepares reports for management

**Company Description**

**_ Company Overview_**

CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets. We are part of CNA Financial Corp, the 8th largest U.S. commercial property and casualty insurance company. Established in 1897, CNA has approximately 7,000 employees, serving businesses and professionals in the U.S., Canada, Europe and Asia. We offer a wide range of products and services, providing a superior suite of insurance solutions that any organisation conducting business requires.

**_ Why Choose CNA Hardy?_**
- For us, the customer comes first._

Our winning proposition is our commitment to our customers: We offer more than just a policy - we deliver distinctive insurance solutions and we promise a superior customer service. How we deliver on this commitment is what sets us apart from the competition. Here are just some of the reasons you should choose us:

- ** Our people**: We recognise that our staff bring our commitment to our customers to life. Our priority is to be a great place to work so we continue to attract, retain and develop the best talent in the market.
- ** Our product offering**: We develop innovative and specialised solutions by product and industry specialism and create certainty for customers through the delivery of underwriting and service excellence. This comprehensive global product offering supported by superior claim and risk control services is hard to replicate.
- ** Our relationships**: We believe in building enduring relationships and want to focus our energy on partnering with customers and producers who value our approach and seek the same.
- ** Our track record**: Our financial strength underpins our contract with our customers. We r



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