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About the Role
As an Underwriter in our established Marine Liability & Ports team, you will be responsible for delivering a profitable underwriting service to clients. Your key tasks include underwriting business across our diverse marine liability, ports and terminals portfolio, supporting business planning and forecasting, monitoring financial exposure and premium income within outlined limits, maintaining awareness of claims, and supporting claim settlements. You will also ensure adequate reinsurance is acquired, build and maintain relationships with brokers and clients, and support the design and structure of risks.
Responsibilities
- Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.
- Calculating appropriate risk premium by considering the risk costs inherent to our clients, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
- Proactively advising, assisting, servicing, and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
- Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
- Controlling timely implementation of new and renewed accounts according to quality standards.
- Determining appropriate reinsurance for risk placements both on excess of loss and quota share basis in coordination with other internal teams.
- Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
- Supporting the business planning and forecasting process; monitoring financial exposure within outlined 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.
Requirements
- Strong technical experience and expertise in marine liability and ports underwriting, possessing functional knowledge and skills reflective of a fully competent practitioner.
- Marine Insurance Industry Knowledge and Commercial/Business Acumen, preferably with experience of / exposure to Lloyds & Global markets.
- Analytical, negotiation and sales/marketing skills
- Excellent written and oral communication skills.
- Excellent customer service focus is a must.
- Interpersonal Savvy - Demonstrated ability to build and maintain good insured and broker contacts.
- Ability to develop and understand business processes, strategy and planning.
- Collaborative team player who provides creative solutions and ideas for resolution.
Skills
- Marine liability underwriting
- Ports underwriting
- Marine Insurance Industry Knowledge
- Commercial/Business Acumen
- Lloyds & Global markets experience
- Analytical skills
- Negotiation skills
- Sales/marketing skills
- Written communication skills
- Oral communication skills
- Customer service
- Interpersonal skills
- Business process development
- Strategy development
- Planning
- Teamwork
- Creative problem-solving
Location
- London, UK
Work Type
- Full-time
Experience Level
- Underwriter I
Benefits
- Robust support for Flexible Working Arrangements
- Enhanced family-friendly leave benefits
- Competitive compensation
- Personalized, inclusive benefits that evolve as you do
- Volunteering and charitable giving programs
- Matching Gifts program
- Volunteering Leave
- Global Day of Volunteering
About the Company
- AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it. We combine a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty. With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Equal Opportunity
- AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.
- At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential.
- Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
- Named to the Diversity Best Practices Index
- Signatory to the UK Women in Finance Charter
- AXA XL is an Equal Opportunity Employer.