Purpose of the Job:
• To underwrite business for Brit Insurance’s Global Markets Strategic Business Unit & Brit UK Strategic Business Unit with the aim to develop business opportunities within the general, commercial insurance markets.
• To enhance earnings through a strong mix of specialist risk taking and investment skills combined with a distribution capability, to build a strong business profile as a leading company in our sector.
• To play an active role in training and coaching more junior members of the team.
Budget and Headcount Information:
• General - To escalate to the Class Underwriter all Human Resources performance or any other personnel issues in line with Human Resources Policies.
Principal Accountabilities:
Business Planning:
• Preparation - To support the Class Underwriter in the preparation of the Business Plan as required.
• Maintenance - To ensure that the business plan is maintained in line with the Key Performance Indicator’s as established by the Underwriting Committee.
• Strategy - To Understand and ensure that the strategy is fully supported within the Underwriter Role.
Underwriting:
• Client Audits - Assist and support the Class Underwriter with Broker and Client Audits and visits ensuring always that changes implemented by the Class Underwriter are maintained.
• Key Relationships – To develop key relationships with the market, specifically within Broking houses.
• Capacity – Support the Class Underwriter in monitoring the capacity so that the Class Underwriter can ensure that appropriate business is being written.
• Evaluation and Control - Underwrite insurance and reinsurance risks in accordance with the approved business plan, subject to individual authorisation levels, referring to the Class Underwriter as appropriate.
• Business Development - To assist the Class Underwriter in the research and development of new business as required.
• Peer review - To support the Class Underwriter and present own risks at Peer Review meetings and to participate in discussions on risks written by other areas of division.
Compliance:
• Recording & Reporting - Assist the Class Underwriter in ensuring that recording and reporting of relevant information is done within regulatory boundaries.
• Regulatory Issues - Ensure that all risks are written within regulatory guidelines.
Decision Making Responsibilities:
• Underwrite insurance and reinsurance risks in accordance with the approved business plan, subject to individual authorisation levels, referring to the Class Underwriter as appropriate.