The primary function of this role will be to support the Underwriters day to day with evaluating and pre-underwriting risks. This will include; pricing of risks, reviewing of surveys, liaison with brokers, attendance at the box supporting Underwriters, adhoc reporting and performance monitoring, broker relationship management, and general servicing of new and renewal business.
This role is an introduction to Underwriting and will take the individual through all aspects of how to Underwrite, with the opportunity to progress to Underwriting, if of interest.
A key member of the Underwriting team supporting Underwriters through all aspects of Underwriting new and renewal risks
Pricing of risks on behalf of Underwriters
Pre-underwriting risks, including reviewing submissions to establish whether within Underwriting appetite
High level review of surveys and risk quality
Assist with triaging of risks
Assist with Underwriting notes of a risk
Analysis of CAT exposure per risk, and also at portfolio level
Assisting with developing and/or enhancing new Underwriting tools for underwriting analysis
Attend broker / client Underwriting meetings with Underwriters where required
Day to day liaison with brokers both face to face at the box, as well as by email and via video calls
Issue quotes to brokers on both renewals and new business
Assisting underwriters with general day to day admin. including (once proficient) checking of renewal slips, and agreeing endorsements (with U/W guidance)
Responsibility for the accuracy and upkeep of all written premium data on Charisma for all risks written within the area of responsibility
Providing statistical information to Underwriters when required
Prepare renewal lists
Travel as required
Be an active participant and contributor within the Underwriting team
Assist and continue to develop best practice process for the Underwriting team to work with UW Ops and maintain strong working relationship with UW Ops team
Act as gatekeeper / Underwriting point of contact to UW Ops and Outsourcing arrangements
Experience working within the Insurance market
Competent at using Internet Explorer for conducting research
Competent using Microsoft Office
Progression towards ACII
Competent at using Microsoft Edge (or similar) for conducting research
A good general knowledge of world geography and basic construction types
A good understanding of fundamental insurance/reinsurance concepts, slips terms and conditions
GCSE Maths grade B or above (or equivalent)
Minimum of 3 A grade GCSE’s or equivalent
Interest in studying for further insurance qualifications (ACII) – job holders will be expected to achieve Associateship in a reasonable period of time
Professional outlook
Very good interpersonal skills
Excellent organisational skills
Excellent communication skills with the ability to liaise at all levels
Work as part of a team
Adapt to a pressured environment
Self-motivated
Capable of working to a timetable when required
ABOUT US
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Chaucer are a leading specialty (re)insurance group working with brokers, coverholders and clients to protect and support business activities around the world. Our services are accessed both through Lloyd’s of London and the company markets.
We are defined by an enterprising, bespoke approach to (re)insurance, enabled by the individual character, experience and imagination of our expert teams.
Chaucer is a member of the China Re Group and backed by their financial and operational resources. China Re is one of the world’s largest reinsurance companies whose outstanding and comprehensive strength is rated A (excellent) by AM Best and A (strong) by S&P Global Rating.
