IPL Underwriter, NUC
2 weeks ago
Chubb is a world leader in insurance, providing commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
The Underwriter is responsible for meeting production and profitability targets by underwriting new business, endorsement changes or renewals, where appropriate based on underwriting criteria issued by the Personal Lines Department.
Key responsibilities include:
- Monitoring profitability of portfolio and providing constructive feedback on steps to improve if required
- Evaluating, accepting or declining new business, endorsements or renewal business based on underwriting guidelines
- Collating underwriting information and referring risks outside the scope of authorities issued or the underwriting guidelines to the Unit Manager with recommendations
- Monitoring competitors' products and recommending changes to our wording to sustain competitive advantage
- Establishing and building new relationships with potential producers (or referring to DUs) who have prospective business that meets our underwriting guidelines
- Monitoring workloads and advising Unit Managers if assistance is required due to exceptional circumstances, seasonal business loads or personal vacation
- Assisting brokers with product and business queries
- Assisting colleagues and Managers with product and business queries
- Assisting members of the appraisal section with any queries
- Assisting members of the claims department with any queries
- Undertaking practical measures to ensure that the workplace is safe and without risk to health
- Assisting in coordinating producer functions
- Assisting in general department matters when required
- Working with staff members in other departments to identify cross marketing opportunities as and when required
Requirements include:
- Strong written and oral communication, including a professional phone manner
- Demonstrated underwriting skills
- Negotiation and marketing skills
- Organisational and analytical skills
- Policy documentation, including terms and conditions
- Underwriting policy practice
- Understanding the appraisal services
- Front-End, Microsoft Word, Excel and PowerPoint
- Product range in the Personal Lines Department
- Understanding the underwriting appetite of other Departments
- Insurance industry and Chubb's position in the market
We offer a dynamic and agile environment where continuous development is encouraged throughout your career, both locally and globally. We also offer a flexible working approach via our 'My One Thing' initiative, education assistance, dress for your day every Friday, promotion of health and wellbeing (including discounted health insurance, daily breakfast and fresh fruit), and the option to enroll into the Chubb Limited discounted stock purchasing scheme.
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