Property Underwriting Expert

4 days ago


Melbourne, Victoria, Australia Chubb Full time

We're a world leader in insurance, operating in 54 countries and territories. Our commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance offerings cater to a diverse client base.

Our underwriting company assesses, assumes, and manages risk with insight and discipline, servicing and paying claims fairly and promptly. With a broad product and service range, extensive distribution capabilities, exceptional financial strength, and local operations globally, we provide solutions to meet the evolving needs of our clients.

Your Role:

This role contributes to achieving departmental, branch, and corporate goals related to profit, growth, service provider relations, and client satisfaction through effective underwriting, producer relations, and people development.

Your Responsibilities:
  1. Achieve personal premium targets
  2. Meet financial objectives in relation to Rate and Retention of allocated portfolio
  3. Undertake underwriting responsibilities
  • Exercise underwriting authority across various lines
  • Within delegated authority:
    • Evaluate and accept or decline new lines, renewals, and endorsements
    • Evaluate and recommend acceptance or declination on risks exceeding authority
  • Support managers in providing input on underwriting results, profit analysis, market environment, competitor analysis, and ad-hoc reports as required
  • Responsible for underwriting outcomes of assigned portfolio
  • Maintain awareness of claim activity within assigned book and communicate with stakeholders as necessary
  • Contribute towards continuous development and improvement of the renewal process
Producer Relations
  • Nurture and manage producer relationships, addressing queries and resolving issues as they arise
  • Ensure stakeholders are aware of market and producer challenges
People Development
  • May be responsible for assisting in underwriting training and producer relations
Service
  • Deliver exceptional underwriting service on assigned portfolio, as well as internal service demands of the business
Key Qualifications
  • Property and/or Underwriting experience
  • Possesses problem-solving skills to address unique underwriting situations
  • Demonstrates initiative and seeks opportunities to innovate consistently
  • Understands pricing techniques and underwriting margins
  • Familiarity with policy wordings
  • Understanding of underwriting appetites across departments and their relevance to interdepartmental accounts
  • Makes recommendations for tailored coverage and manuscripting policies
  • Familiarity with key competitors' products and services
  • Proficient in negotiation techniques
  • Clear and concise communication skills
  • Demonstrated ability to work effectively with people and influence decisions
  • Desire and ability to cross-train in other Property & Casualty lines of business

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