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Agri Product Underwriting Specialist

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Zurich Insurance

Aug 22, 2024

Applications are closed

  • Job
    Full-time
    Mid & Senior Level
  • Business, Operations & Strategy
    Banking & Finance
  • Dublin

Requirements

  • - Bachelor’s degree (or equivalent)
  • - Ideally holds or is working towards relevant professional qualifications i.e. CIP, ACII
  • - Minimum 3-5 Years industry knowledge
  • - Demonstrates Intermediate UW technical knowledge
  • - Demonstrates a high level of awareness and aptitude for our UW systems and technology based solutions
  • - Strong analytical skills and decision-making ability
  • - Ability to work to strict deadlines and ambitious targets
  • - Excellent communication, negotiation and relationship building skills
  • - Well organised with project management skills
  • - Knowledge of the Agricultural sector/Industry advantageous
  • - Knowledge of Zurich products/policy wordings
  • - Excellent communication and relationship skills with a strong history of collaborating effectively with key business partners
  • - Excellent planning and organisational skills
  • - Excellent attention to detail
  • - Ability to prioritise workload and to adapt quickly and work on own initiative and limited direction
  • - Good research skills
  • - Excellent IT literacy skills and knowledge of frequently used applications

Responsibilities

  • - Comply with Zurich Risk Policy, Global Underwriting Policies (GUP) as well as local regulatory & industry requirements
  • - Profitability, Loss Ratio (LR’s) & Combined Operating Ratio (CoR) in line with business plans Gross Written Premium in line with business plans and strategy
  • - Internal Relationship Reporting to the Head of Agri Business
  • - Actively engage and interact where necessary with Actuarial Pricing and Reserving, Claims, Underwriting Technical Centre, Distribution Management, Proposition Development and other functional areas such as Marketing and Risk Engineering
  • - External Relationship Build key relationships with customers, distributors, intermediaries and business partners. Engagement and participate in promotion of Zurich at events when appropriate
  • - Contribute to the implementation of underwriting strategies (e.g. pricing) and solutions (e.g. product development, underwriting tools and processes) for the Agri portfolio, both Direct and Intermediated channels
  • - Monitor underwriting strategy relating to performance metrics, data and insights
  • - Operate within established Zurich Risk Policy, Global Underwriting Policy and underwriting governance policies
  • - Understand portfolio regulatory and compliance obligations e.g. FSO, CPC, DP
  • - Contribute and support the development of technical underwriting guidelines, and Best Practices, including controls and procedures
  • - Supports LOB Head in aspects of portfolio management, including analysis to monitor profitability and growth and communications
  • - Anticipate, recognize and respond to needs of customers
  • - Support implementation of customer initiatives
  • - Provide status updates
  • - Resolve technical problems by referring to policies, procedures, specifications
  • - Compare alternatives for solving problems or improving procedures or products and provide recommendations
  • - Contribute, develop, and support delivery of technical underwriting technical training content driving underwriting capability and cultural development
  • - Monitor and review financial information, updating where necessary in order to identify any anomalies or discrepancies and ensure management has access to up to date and accurate information
  • - Review and interpret information and advise internal clients of appropriate action to fulfil procedural and regulatory requirements
  • - Assist in monitoring pricing, product development, exposure control, data quality, KPI results monitoring and assessing the impact of external forces (from the insurance market and wider environment)
  • - Works closely with Sales & Distribution, Market Facing Underwriters and Claims to enable the achievement of business plans
  • - Develop, communicate and maintain underwriting policy and procedures while enforcing a rigorous underwriting process and monitoring system for the portfolio, monitor adherence to underwriting procedures
  • - Report and manage breaches where they arise, OEM’s etc
  • - Assist in developing the framework for monitoring and delivery of underwriting decisions, e.g. authority grants, referrals, technical underwriting reviews, etc
  • - Conduct scheduled reviews and refreshes of all related policy documentation (including proposal forms, SoFs, schedules, policy documents, underwriting guides, policy summaries)
  • - Active engagement with customers, business partners and acts as a Zurich representative at trade and industry groups, ensuring a strong external leadership profile for the individual and Zurich
  • - Working under limited direction, executes The Zurich Way of Underwriting
  • - Serve as an escalation point for technical referrals from Operational, Claims and Sales teams, case submissions, schemes or product changes and endorsement wordings
  • - Monitor portfolio performance and emerging trends and actively participate in Business Planning and reforecast processes and delivery of underwriting initiatives providing input to monthly and quarterly executive governance reports, data requests and other group reports
  • - Builds relationships with key customers and distributors and manages strategic distributors’ agreements and terms of business with Zurich
  • - Proactively contribute ideas and work for the development of new or enhanced propositions based on technical, customer and distributor insights
  • - Helps create and deliver customer solutions through our Direct Customers & Broker partners

FAQs

What is the main responsibility of an Agri Product Underwriting Specialist?

The main responsibility is to provide technical underwriting expertise and guidance to Agri Market Facing Underwriters, manage the Agri portfolio, and achieve business plan objectives in accordance with Zurich's underwriting practices.

What qualifications are required for this position?

Candidates should have a Bachelor’s degree (or equivalent) and ideally be pursuing relevant professional qualifications like CIP or ACII. A minimum of 3-5 years of industry knowledge and intermediate underwriting technical knowledge are also required.

Is knowledge of the Agricultural sector necessary for this role?

Yes, knowledge of the Agricultural sector/industry is advantageous for this position.

What skills are important for the Agri Product Underwriting Specialist?

Important skills include strong analytical abilities, excellent communication and relationship-building skills, project management capabilities, attention to detail, and proficiency in IT literacy and frequently used applications.

Who does the Agri Product Underwriting Specialist report to?

The Agri Product Underwriting Specialist reports to the Head of Agri Business.

Do we support training and professional development for employees?

Yes, we offer interesting opportunities for further training and development as part of our employee benefits.

What is the closing date for applications?

The closing date for applications is September 4th, 2024, with early applications encouraged as interviews may occur before the closing date.

Can I apply for this position part-time?

Yes, this role may be available both part-time and full-time; flexibility can be discussed during the application process.

Are there any specific compliance obligations the specialist must understand?

Yes, the specialist must understand regulatory and compliance obligations related to the portfolio, including requirements like FSO, CPC, and DP.

Will the Agri Product Underwriting Specialist engage with external stakeholders?

Yes, building key relationships with customers, distributors, intermediaries, and business partners is a crucial part of the role.

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Zurich Insurance

Finance
Industry
10,001+
Employees
1872
Founded Year

Mission & Purpose

Zurich Insurance Group, commonly known as Zurich, is a leading multinational insurance company headquartered in Switzerland with a strong global presence, including the UK. Their core business involves providing a wide range of insurance products and services to individuals, businesses, and institutions. Zurich's ultimate mission revolves around helping their customers understand and protect themselves from risks. They achieve this by offering various insurance solutions, including life insurance, property and casualty insurance, as well as pension and investment products. Zurich's purpose is to safeguard individuals and businesses against unforeseen events, ensuring financial security and peace of mind. They are committed to delivering excellent customer service, promoting sustainability and resilience, and making a positive impact on the communities they serve.