Underwriter

Company Details

Provides an insurance underwriting platform for specialty risks.

BENEFITS:

  • Competitive Salary
  • Visa, Medical (if UAE based)
  • 25 days holiday (plus local public holidays)
  • CII qualified

SUMMARY:

As an Underwriter you will be required to manage the underwriting tools and processes relating to the class line of business you operate in. You will be required to lead a team to service existing clients and identify opportunities for developing new business.

More specifically please see below the tasks the job will require:

UNDERWRITING / SCOPE OF WORK:

  • To manage the formulation of the class/line business plan, including a long and short term strategy.
  • To underwrite business on behalf of elseco within underwriting criteria and in accordance with key targets to maintain underwriting standards and discipline including pricing/retention to ensure delivery of profitable results
  • To use elseco’s tools and systems to streamline and differentiate elseco method of transacting business
  • To establish, build and maintain broker relationships in order to develop good quality business and to promote the reputation of elseco
  • To communicate effectively with participating insurers, to develop and nurture relationships with potential participating insurers
  • To ensure development of your team, supporting junior staff and identifying needs for further personnel growth
  • To ensure a high quality and responsive service to brokers and customers.
  • To represent elseco at internal and external meetings and on internal and external committees. This may include making presentations, attending conferences and client and industry events
  • To perform risk assessment using elseco’s in-house tools
  • Policy wording review
  • To remain up to date with market developments and movements concerning the market

Tagged as: risk assessment, insurance, pricing / retention, policy wording review

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