Senior Casualty Underwriter, NSW
Chubb Insurance Australia Limited
Compensation
About the role
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally.
Responsibilities
- Underwriting a Primary, Umbrella and Excess Liability portfolio in accordance with Chubb underwriting strategy
- Select new risks and underwrites renewals for assigned book of business and/or for designated speciality classes or market segments
- Organise and present significant, complex accounts to Branch, Regional or Global referral points for approval as applicable
- Provide technical leadership for underwriting/marketing in the department or branch including risk referrals and portfolio management
- Maintain a high level understanding of pricing individual risk exposures
- Assist others in the development of pricing strategies, renewal negotiation strategy and developing game plans on new business submissions
- Identify, analyse and develop sources of desirable new business opportunities including cross-departmental and pipeline opportunities
- Preparing, delivering and negotiating quotations
- Collaboration with other Product lines including whole of account underwriting and broker meetings
- Build and maintain long term relationships with key producers and Insureds
- Present to prospective producers; may initiate new producer appointments
- Identify and shares information within the regarding competitors products and underwriting
- Provide expertise on accessing opportunities for growth in speciality, customer or Product line groups
Requirements
- 5 years’ experience in a Casualty or Package Underwriting and Development role with an insurance company
- Strong broker relationships across Independent and Global broking houses
- Develop creative solutions to unique underwriting situations
- Understand advanced pricing techniques (claims rating, payback pricing, deductible structures etc.), when to use, how to use, how to sell, etc.
- Understand account servicing costs
- Be familiar with developing marketing plans and handling complex accounts
- Understand the underwriting appetites of the other departments and how those relate to interdepartmental accounts
- Understand the broker selection and appointment process
- Make recommendations for tailoring coverage and manuscripting policies
- Familiar with the products / services of key competitors
- The ability to operate and perform well in a team environment, coordinating with Claims, Risk Engineering and Operations
- Have experience in the interpretation and analysis of claims and appropriate deployment of loss control resources
- Display excellent collaboration, communication and negotiation skills both internally and externally
- Demonstrate ability to effectively train entry level underwriters and to orient new experienced hires
- Working knowledge of Microsoft systems including Excel Word and PowerPoint
Benefits
- 401k matching
- Health insurance
- Flexible working approach
- Education assistance
- Discounted health insurance
- Daily breakfast and fresh fruit
- Option to enrol into the Chubb Limited discounted stock purchasing scheme
About the Company
Chubb celebrates diversity by fostering an inclusive, flexible and equitable workplace. We support applications from all members of our community and equitable access to our employment opportunities. We are open to discussing workplace flexibility in all our vacancies, to ensure we can attract the best candidates and accommodate individual needs, differences, disabilities and working arrangements.
Job Details
Salary Range
Salary not disclosed
Location
Sydney, New South Wales, Australia
Employment Type
Full-time, Regular
Original Posting
View on company website