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About the Role
Join a dynamic team as a Delegated Authority Analyst, managing Binders and collaborating with stakeholders to achieve goals. Craft innovative solutions that make a difference in this hybrid role.
Responsibilities
- Draft Delegated Authority Agreements and endorsements.
- Ensure Agreement templates meet minimum requirements.
- Create innovative solutions for complex Agreement structures using knowledge of Lloyd’s requirements and processes.
- Foster strong links with Lloyd’s, Lloyd’s Insurance Company, and the LMA.
- Act as the Business lead on selected external innovation and development initiatives.
- Lead discussions with Delegated Authority teams at capacity providers.
- Lead renewals for specific SPSs within AUM.
- Take ownership of existing and new SPSs to manage the facility lifecycle.
- Support Underwriting teams in articulating performance of SPSs to carriers.
- Challenge ineffective processes and procedures and ensure all processes are documented and followed.
- Follow Governance and risk management steps for allocated SPS.
- Ensure contractual obligations are met by working with Reporting, Operations, Claims and Fiduciary function teams.
- Liaise with the Lloyd’s Delegated Authority Department on Delegated Authority issues and market initiatives.
- Build and maintain trusted relationships with carriers, internal teams, and market bodies.
- Manage new and renewing Delegated Authorities in line with Aon's Product Oversight and Governance Framework.
- Ensure all processes are well-documented and executed with key stakeholders.
- Build strong relationships with Delegated Authority Teams at capacity providers.
- Manage binders through the contract lifecycle, ensuring contractual obligations are met.
- Stay updated on Lloyd’s and London market changes, including template updates, regulatory requirements, and market trends.
Requirements
- A sound understanding of Delegated Authority and core insurance processes, including DA contract construction and purpose.
- Thorough understanding of Lloyd’s requirements and processes as they apply to DA operations.
- Ability to apply knowledge in creating innovative solutions.
- Focus on external Client Servicing.
- Problem solving skills.
- Strong interpersonal skills for stakeholder management.
- Good understanding of compliance and FCA regulation.
- A keen eye for automation and a curiosity about AI and its capabilities.
- Interest in using AI to improve process efficiency.
Skills
- Delegated Authority
- Insurance processes
- DA contract construction
- Lloyd’s requirements and processes
- Client Servicing
- Problem solving
- Stakeholder management
- Compliance
- FCA regulation
- Automation
- AI capabilities
Location
- London
- Chelmsford
- Redhill
Work Type
- Hybrid
- Virtual
About the Company
- Aon is in the business of better decisions.
- At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
- As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.
- Aon Underwriting Managers is a Managing General Agency (MGA) business unit which underwrites risks on behalf of Lloyd's Syndicates and international insurance Companies.
- Headquartered in London it trades as Aon UK Ltd.'s coverholder providing client solutions worldwide across Aon's Commercial Risk distribution network and third-party distribution networks.
- We have built a range of capabilities to help brokers deliver market leading products to their clients including; a centre of excellence for designing and managing Delegated Authority contracts, matching risk to carrier appetite; expert underwriters and underwriting management in chosen classes of business; a highly scalable operational platform capable of dealing with large portfolio contracts such as Aon Client Treaty or specialised and niche products such as Intellectual Property Liability; sophisticated data and analytics capabilities producing detailed client insights into portfolios, transactional data and market trends.