General :
Job Title : Underwriter Miscellaneous Medical & Life Sciences
Division : Specialty Risks
Reports To : As per Beazleys organisation chart
Key Relationships : Brokers, own staff, underwriters, claims, coverholders, external clients and suppliers
Job Summary :
To underwrite an Miscellaneous Medical & Life Sciences account with a particular focus on Life Sciences within the Healthcare team and provide counsel and advice on underwriting and market issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand.
Key Responsibilities :
Underwriting
- Develop and underwrite a profitable portfolio of Life Sciences business as part of the Healthcare team.
- Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing.
- Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.
- Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the Underwriting and general administration costs to ensure profitability, using rating models as applicable.
- Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the Life Sciences account.
- Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the Healthcare team and Specialty Risks.
- Comply with Beazleys underwriting control standards for business written through Lloyds or Beazleys internal MGAs.
- Develop a good working relationship with the claims managers on this class of business.
Client Management
Advise, assist and service clients on insurance and risk matters to ensure clients satisfaction.Foster positive relationships with clients to get a mutual understanding of both their and Beazleys needs.Maintenance of good business relationships with brokers.Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.General
Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.Develop best practice and disseminate business and class knowledge within the Healthcare and Specialty Risks team.Work with peers within Healthcare and Specialty Risks to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability within the Group.Production of presentations and marketing literature as required.Production of business plans / research documents for the Life Sciences account as required.It is important that within all your interactions both internally and externally you adhere Beazleys core values - Being Bold, Striving for Better, and Doing the Right Thing as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to :
Comply with Beazley procedures, policies and regulations including the code of conductUndertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management systemDisplay business ethics that uphold the interests of all our customersEnsure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needsComply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazleys underwriting control standards, Beazleys claims control standards, other Beazley standards and customer relationship managementCarry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groupsPersonal Specification :
Skills & Abilities
General commercial and financial knowledgePossess underwriting abilityAccurate and numerateComputer skills good working knowledge of MS Office, advanced Excel skillsStrong analytical skills with attention to detailAble to communicate effectively with others, both verbally and in writingAbility to manage time, meet deadlines and prioritiseKnowledge & Experience
General commercial and financial knowledgeExtensive experience in insurance industryExtensive experience of Life Sciences underwritingThorough knowledge of underwriting policy, philosophy and practiceAdvanced knowledge of underwriting processes and systemsClient service experienceAptitude & Disposition
Results focused, self-motivated, flexible and enthusiasticProfessional approach to interact successfully with managers / colleagues / external suppliersTeam worker as well as able to work on own initiativeCustomer focused, with a strong ethic of service and fairness to the customerCompetencies
Achievement driveAnalytical thinkingStrategic thinkingService focusTeam workingConceptual thinkingForward thinking
