Overview

Underwriter I Job at XL Catlin – in Lombardia

Job Description

Flexible Work Eligible: Remote Work


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Main mission

As part of the Underwriting Division, the key Underwriter missions are to

Deliver a profitable ‘Underwriting’ service to clients.

contribute to the development and underwriting of a profitable portfolio in line with the agreed Business Plan for the lines of business

represent the Branch as part of the overall AXA Line of Business

develop high quality levels of relationships with brokers, clients and internally

Key accountabilities

The Underwriter is responsible for:
underwriting Financial Lines products with a specific focus on Management Liability business within the agreed business plan and individual authority

supporting the business planning and forecasting process

monitoring financial exposure within significant limits

monitoring premium income to ensure it remains within set limits

maintaining awareness of all claims advised while supporting and providing input on settlement of claims

ensuring adequate reinsurance acquired to cover specific risks

supporting the design and structure of risks.

Analysis and evaluation of risks.

Negotiating premiums, terms and conditions

Seeking, identifying and developing opportunities for profitable business with new and existing customers.

Passing all necessary and accurate information on to Middle Office for them to ensure the correct release of policies and/or implementation of programs

Collaborating in handing over all the necessary information to the Claims department to handle in accurate information for claims handling

Developing relationships with stakeholders to ensure that business needs are achieved and personally getting to know and being known by brokers, clients, risk managers and account managers

Strongly collaborating with the Distribution Team by providing an effective and efficient service.

Using knowledge and expertise to keep policy wordings up to date with legal requirements and market developments.

Evaluating and improving systems, processes and procedures on an ongoing basis to obtain best efficiency in working methods.

Facilitating the entry of data onto systems in an accurate and timely fashion.

Maintaining underwriting files in accordance with agreed procedures.

SHARE your talent

TECHNICAL SKILLS

Legal knowledge

Know the law and insurance regulatory system

Know the insurance regulatory system; find, interpret and applie local legal regulations and company compliance policy, to recommend course of action. Formulate analyses and recommendations in written documentation. Anticipate key issues and negotiate high stakes or multi-entities contracts.

3- apply autonomously

Claims knowledge

Know claims processes and procedures

Have a good understanding of claims rules, processes and procedures

3- apply autonomously

Insurance knowledge

Know the insurance industry: lines of business, competitors, products, KPIs, profitability concepts

Know the company and competitor’s products in the insurance markets ; understand key finance performance indicators and the competitive dynamics of the insurance market ; have general insurance market knowledge. Have a good understanding of profitability concepts, key finance performance indicator and underlying profitability drivers.

4 – able to provide support

Negotiation

Understand the stakeholders needs and influence them to reach a mutually beneficial agreement

Understands the stakeholders needs and concerns and identifies points of agreement. Efficiently manages the interactions with other parties involved. Explores different alternatives and influence the other parties to reach an agreement with positive outcomes for all.

4 – able to provide support

Portfolio monitoring

Monitor an insurance products / client’s portfolio

Monitor the performance (P&C) of the product / client portfolio; identify strength and weaknesses; propose action plan.

3- apply autonomously

Risk assessment

Assess risk to prevent losses

Identify, analyze and assess customer specific risks; assess fraud risk and other risks; monitor risk taken by the company

3 – Apply autonomously

Underwriting procedures

Know and use underwriting procedures

Know underwriting processes and procedures (including new digital procedures); arbitrate handling the complexity of situations; assess and take risks.

3 – apply autonomously

Customer needs analysis

Analyze and understand customer needs

Listen to clients to understand their needs and requirements; co-elaborate with customer to better build solution.

5 – Expert

Commercial acumen

Know and use selling techniques, adapting to the customer

Know and use selling techniques ; adapt to the customer’s situation, needs and behavior.

4 – able to provide support

Value proposition

Develop value customer-centric propositions and offers

Develop value added, customer centric propositions and offers. Shape elements of the marketing mix (offer, pricing, communication, channels…) on insights. Differentiate the sales story towards end customer and agents (per segment)

3 – Apply autonomously

Analytical reasoning

Perform fact and data-based analyses of situations or issues

Use computational tools to perform fact-based analyses of situations or issues, simple or complex ; choose the relevant data (including big data output) and use them efficiently to perform his / her analysis.

4 – able to provide support

Digital agility & tools

Use digital tools and media, integrate them to optimize his or her ways of working and communicating

Use digital tools and media, integrate them to optimize his or her ways of working and communicating. Know how to operate with the data-flow provided by these tools and media to extract relevant information and make decisions.

4 – Able to provide support

English

Communicate and work in English

Communicate and work in English

3 – Apply autonomously

AXA XL is an Equal Opportunity Employer.

Location:IT-IT-Lombardy

Work Locations: IT Milan Corso Como 17 Corso Como 17 2 Lombardy 20154

Job Field:Underwriting

Schedule:Full-time

Job Type:Standard

About Company

Company: XL Catlin –

Company Location:  Lombardia

About XL Catlin -