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Energy Underwriter

1 month ago


London, Greater London, United Kingdom oilandgas Full time
Job Title: Energy Underwriter

We are seeking a skilled Energy Underwriter to join our team in London, UK. As an Energy Underwriter, you will be responsible for reviewing submissions, calculating risk premiums, and advising clients on insurance and risk management matters.

Key Responsibilities:
  1. Reviewing submissions, including applications, policy wording, inspection reports, loss runs, and financial reports, to determine the degree of risk for each account.
  2. Calculating appropriate risk premiums by considering the risk costs inherent to the Onshore Energy sector, reinsurance cessions, and underwriting and general administration costs.
  3. Proactively advising, assisting, servicing, and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
  4. Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
  5. Controlling timely implementation of new and renewed accounts according to quality standards.
  6. In coordination with other internal teams, determining appropriate reinsurance for risk placements both on excess of loss and quota share basis.
  7. Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
  8. Supporting the business planning and forecasting process, monitoring financial exposure within outlined limits, and maintaining awareness of all claims advised.
Requirements:
  1. Ability to develop and understand business processes, strategy, and planning.
  2. Collaborative team player who provides creative solutions and ideas for resolution.

We are 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.