Address
Form of work
SalaryJob title: PI Development Underwriter
Salary: £60,000
Location: Birmingham
Reporting to: Branch Manager
About our client:
Our client is a leading brand in the insurance market, recognised as setting the standards others try to emulate. They consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. They are known for insuring the homes of the rich and famous through to the most innovative technology companies.
Purpose of the role:
You will assist leading the profitable growth of the Branch's Professions and Specialty Commercial business. Your focus will be within professional indemnity or property & casualty, therefore it is important you consider one of these your specialist areas of knowledge.
What you'll be doing:
- Being recognised as an experienced underwriter within your region by your brokers
- Underwriting larger, more complex commercial cases consistently and profitably
- Leading the setting and execution of the local underwriting strategy for your specialist area in conjunction with the Branch Manager and Regional Underwriting Manager
- Influencing the UK Product Heads on underwriting appetite and strategy
- Leading underwriting in your specialist area by taking referrals of more complex risks (possibly from outside the region)
- Leading underwriting and sales visits to larger clients and prospects
- Ensuring that the target retention rate for the region is achieved, handling some cases yourself
- Developing close, effective relationships with brokers to develop new opportunities to significantly contribute to the team new business targets
- Increasing submission & conversion numbers through large client prospecting
- Building product specific knowledge and sales skills amongst underwriters
- Knowledge of the specific line of business and appetite
- Understanding of the underwriting lifecycle including policy wordings, pricing & claims
- Understanding of pricing a risk and the factors that can affect pricing
- Good knowledge of the insurance market, industry, competitors, brokers and factors that can affect the market including soft/hard markets
Person specification:
