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Technical Underwriter - Insurance

Location: Central Bristol
Posted: 21/09/2020

Salary: £40000 - £50000
Job Type: Permanent

Are you a Technical Underwriter looking for your next insurance underwriting opportunity?

 

Do you have experience in the actuarial calculus and pricing of general insurance products?

 

Our client, a global financial services provider based in the City Centre, is looking for an experienced Technical Underwriter to join their Technical Underwriting team.  The Technical Underwriter will be responsible for analysing and calculating premiums for new business and existing scheme renewals.  This is as well as supporting the development of new and existing products to ensure correct pricing and positioning to meet customer, market and commercial objectives. 

 

Daily duties of the Technical Underwriter to include;

 

  • Completing pricing for new business quotations and renewals and pricing recommendations for existing scheme pricing to ensure profitability
  • Establishing the most effective risk acceptance criteria and working with the business to implement and control
  • Working in partnership with the Management team and Commercial, Finance and Operational departments to respond to commercial tender activity
  • Supporting the development of new and existing products, ensuring pricing is positioned to meet customer, market and commercial objectives
  • Monitoring, coordinating and reporting from Salesforce opportunities and quotations performed in the Underwriting team
  • Having in place the business intelligence, models, information and processes to monitor, track and evaluate trends that may impact product pricing and financial performance
  • Producing profitability analysis, pricing and underwriting budget, and forecasting models
  • Designing and producing pricing and underwriting, and profitability business intelligence reports in Qlik
  • Ensuring reports provide the internal and external insight to support any necessary price, product, channel and operational changes
  • Reporting on the complete journey from leads, conversion and policy sales for all channels including Web, Aggregator and Call Centre (B2C, B2B2C & B2B).
  • Creating KPIs and dashboard with detailed commentary to the business
  • Providing business explanation and actions required to achieve the budgeted and forecasted results

 

Due to the nature of this Technical Underwriter position, experience in the actuarial calculus and pricing of general insurance products is required.  This is alongside the proven ability to produce insurance business intelligence reports detailing budget, forecast and profitability analysis.  Strong analytical skills in SAS and the use of Qlik is preferred.

 

If this Technical Underwriter position sounds of interest, please get in contact or apply today.