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New Business Development Underwriter

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Hiscox USA

Sep 2, 2024

  • Job
    Full-time
    Mid & Senior Level
  • Consulting
    Banking & Finance
  • Dublin
  • Quick Apply

AI generated summary

  • You must have strong communication skills, business development experience, market knowledge, a CIP qualification, and 3-5 years in underwriting, with a focus on relationship management.
  • You will underwrite and negotiate profitable accounts, build broker relationships, maintain file integrity, and support the sales and underwriting teams in understanding the local insurance landscape.

Requirements

  • - Outstanding communication and interpersonal skills combined with a proven track record of relationship management and customer focus. Able to positively affect other people and to win business.
  • - Ability to communicate our products and service differentiators clearly. Comfortable presenting to large crowds.
  • - Able to form strong relationships with senior brokers.
  • - A proven track record in business development and underwriting in the local insurance market is essential.
  • - Strong market and competitor knowledge.
  • - Demonstrable drive and energy to move yourself and the business forward.
  • - Ability to work quickly and accurately and to consistently show the Hiscox ‘going the extra mile’ dedication and commitment in a fast growing and demanding area of the business.
  • - Clear ability to think on your feet and make intelligent, innovative business decisions.
  • - Able to make effective decisions when dealing with complex technical issues and can justify underwriting decisions.
  • - Have an eye for detail and be highly focused on producing high quality work that is “right first time”.
  • - Consistently demonstrates behaviors conducive to achieving both personal and team objectives in line with the core values of Hiscox.
  • - Be an effective contributor to the team, ready to play any part to deliver the team and Hiscox’ overall goals.
  • - Be passionate about delivering superior service.
  • - Full clean driving license
  • - Good knowledge of commercial underwriting process and product landscape is a plus.
  • - Minimum of CIP qualified
  • - Minimum 3-5 years of experience in a related position.
  • - Good market presence and relationships with Ireland’s leading Insurance brokers.
  • - Good understanding of how the Irish market and the main players and segments within it operate.
  • - Good knowledge of the competitor landscape and other offerings.
  • - Understanding of the Hiscox differentiators in the Financial Lines market.
  • - Proficient in understanding and interpreting management information and translating this into actions.

Responsibilities

  • Significant contribution to profitable underwriting in order to achieve the overall new business GWP target.
  • Underwrite, price and negotiate accounts consistent with the quality of the risk and according to the company’s strategy and guidelines.
  • To effectively negotiate with both internal and external parties including identified points of contact with a brokerage.
  • Building relationships with key brokers and maintain a strong local market presence.
  • Maintain profitability of the account by making sound individual underwriting decisions.
  • Ensure underwriting file integrity by documenting file in line with U/W management requirement.
  • Support both the Head of Sales and Distribution and Underwriting Manager on understanding the Irish insurance landscape.

FAQs

What is the job title for this position?

The job title is New Business Development Underwriter.

What type of company is Hiscox?

Hiscox is an international specialist insurer and reinsurer that provides market-leading products and services to individuals and businesses with unusual and complicated insurance needs.

Where is this position based?

This position is based in Dublin.

What types of insurance products will the underwriter be working with?

The underwriter will work with commercial insurance products including Professional Indemnity (PI), Cyber, Management Liability, Property, and Liability lines of business.

What are the main responsibilities of this role?

Main responsibilities include underwriting and pricing accounts, negotiating with brokers, building relationships, maintaining account profitability, and ensuring underwriting file integrity.

What qualifications are required for this position?

Candidates must have a minimum of CIP qualification and 3-5 years of experience in a related position.

Is relationship management important in this role?

Yes, outstanding communication and interpersonal skills, along with a proven track record of relationship management, are essential.

What is the expected contribution of this role to the company?

The role is key in driving profitable growth within the new business underwriting team and achieving broker account targets.

Are there any specific skills or knowledge areas preferred for this role?

Preferred skills include good knowledge of the commercial underwriting process, strong market and competitor knowledge, and the ability to interpret management information effectively.

Is a driving license required for this position?

Yes, a full clean driving license is required.

What competencies should candidates possess?

Candidates should demonstrate good market presence, understanding of the Irish insurance landscape, and the ability to make informed underwriting decisions.

Will I need to present to stakeholders in this role?

Yes, the ability to communicate products and service differentiators clearly and present to larger groups is expected.

What qualities should candidates exhibit in their work ethic?

Candidates should show dedication and commitment, with a focus on producing high-quality work that is "right first time."

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Hiscox USA

Encourage Courage

Finance
Industry
1001-5000
Employees
1901
Founded Year

Mission & Purpose

Hiscox USA is a growing specialty insurance company with offices across the US. Hiscox USA is part of the $3 billion Hiscox Group, with over 100 years of history and 31 offices in 14 countries worldwide. We Encourage Courage among our customers, partners and employees and challenge US businesses to do more and be more. Hiscox USA's portfolio of specialty risk solutions include insurance covering a broad spectrum of professional E&O, GL, cyber & data security, media liability, entertainment production risks, D&O and management liability, crime, kidnap & ransom, terrorism and commercial property products.