Business Insurance helps companies in the UK and Ireland identify, prepare for and mitigate risks by offering a broad array of industry-specific, combined property and casualty insurance solutions to customers.
We are looking for a Development Underwriter to join our home-based team in the South West of England. In this role you will underwrite property and casualty risks; proactively managing the submissions, quotes and binds for new business delivering against target quote and conversion ratios. You will build and maintain relationships with brokers to provide insurance solutions to customers, analysing and evaluating risk to achieve business goals. You are decisive, detail-oriented, and know how to build relationships internally and externally to drive results. Your ability to independently assess risk, negotiate terms and sell our products will contribute to the sustainable profitability and success of Travelers.
What Will You Do?
- Manage the profitability, growth, and retention of an assigned book of business comprised of routine to moderately complex accounts across most of our products.
- Underwrite and skillfully negotiate moderate risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
- Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.
- Identify and take corrective action in collaboration with your Manager / Team on individual risk characteristics identified through Portfolio Management.
- Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.
- Proactively utilise various technology platforms to quote and bind risk efficiently.
- Provide input and support the presentation of Underwriting Reviews for individual policies or portfolios and manage action points.
- Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross-selling opportunities.
- Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell Travelers products with a goal of writing and retaining accounts consistent with our risk appetite. Must be able to travel to meetings.
- Develop and execute pipeline plans and support the renewal team in the retention of business that aligns with the team’s sales plans to drive success working in partnership with the sales team.
- Train and mentor less experienced underwriters.
- Support and collaboration for more junior members of the team, including referrals.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Business Development in the Insurance industry
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