Delegated Underwriting Officer - Credit Insurance

Delegated Underwriting Officer - Credit Insurance – Travelers Careers

• Develop and maintain underwriting guidelines specific to your product line for delegated authority partners and ensure the successful implementation of agreed underwriting strategies.
• Participate in the establishment of underwriting and product development strategies that reflect market competitive conditions and global BSI and Travelers Europe appetite.
• Establish strategic long and short-term strategies to effectively achieve profit and growth objectives
• Serve as the technical subject matter expert for the product line within the delegated authority framework
• Act as a referral point for complex or high-value risks submitted through delegated authority partners within your product line.
• Collaborate with actuarial and pricing teams to establish and update product pricing frameworks for delegated partners
• Monitor, analyse, and report on market trends, emerging risks, performance of delegated authority arrangements, and competitive landscape specific to your product line.
• Identify opportunities for portfolio optimization and implement corrective actions when necessary
• Ensuring that automation systems and the tools to support product initiatives are designed, developed, & implemented effectively.
• Participate as the subject matter expert in Collaborative Underwriting Reviews and Portfolio Reviews for your product line.
• Work with claims teams to analyse claims trends and incorporate learnings into underwriting guidelines
• Conduct regular underwriting audits of delegated authority partners to ensure compliance with guidelines and authority limits
• Provide technical training and support to delegated partners to enhance their underwriting capabilities while also maintaining strong relationships with partners.
• Identify potential new delegated authority partnerships and assist in the due diligence process
• Work with the appropriate stakeholders to approve and implement the overall strategy within the product line and delegated authority
• Contribute to reviewing training needs and creating and delivering training to Development Underwriters.
• Ensure all delegated authority arrangements within your product line(s) comply with regulatory requirements and internal risk management frameworks by maintaining accurate records, supporting governance framework implementation, and collaborating with stakeholders to review, approve, and sign off on new or amended policy wordings from delegated authority partners

• Bachelors Degree or higher education level preferred.
• Demonstrated experience in managing delegated authority relationships or working with MGA/TPAs
• Advanced level of proficiency required in the following: Organisation, Financial Acumen, Communication, Collaboration, Presentation Skill, Networking, Risk Selection and Critical and Analytical Thinking.
• Advanced level of proficiency required in the following leadership competencies: Leading the Business including; Change Management, Strategic Planning, Making Decisions, Results Orientation, Influencing, Leadership, Power, Business Perspective, Risk Taking, Innovation and Understanding & Navigating the Organisation.
• Leading Others including; Forging Synergy, Develops Employees, Building Collaborative Relationships, Communicating Effectively, Leveraging Differences, Participative Management and Leading Employees.
• Leading Self including; Openness to Influence, Flexibility, Demonstrates Leadership Stature, Self-Awareness, Credibility and Seeks Opportunities to Learn.
• Advanced Qualification in Insurance preferred (ACII or equivalent).
• Extensive understanding of UK Credit and Political Risk

• Private Medical Insurance
• Retirement
• Holiday Entitlement
• Wellness Programme
• Volunteer Encouragement

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.