Underwriter - Beazley Digital

Job Summary: To underwrite and lead a portfolio of Pleasure craft & High Value Yacht accounts, within the Beazley Digital team, utilising various digital platforms and resources and provide counsel and advice on underwriting related issues. Develop and maintain positive broker relations by underwriting and supporting the key Marine products. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand.

To work in close partnership with the colleagues in Beazley Digital Technology and Operations to form a true cross functional team.

General

• Develop best practice and disseminate business and product knowledge within the team and Beazley Digital.


• Work with peers to maximise business opportunities and profitability within the department; active knowledge sharing and strategic alignment with Digital Underwriting, Technology and Operations teams. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.


• Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability within the Group.


• Production of presentations and marketing literature as required.


• Production of business plans/research documents for the account as required.


It is important that within all your interactions both internally and externally you adhere to Beazley's core values - Being Bold, Striving for Better, and Doing the Right Thing - as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:


• Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct. Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.


• Display business ethics that uphold the interests of all our customers.


• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.


• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley's underwriting control standards, Beazley's claims control standards, other Beazley standards and customer relationship management.


• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.


Key Responsibilities:
Underwriting


• Develop and underwrite a profitable portfolio of Marine Pleasure craft business, which is digitally distributed.


• Collaborate and be willing to travel within the UK and across Europe, either alone or with the broker relations and territory managers to create new and enhance existing broker contacts.


• Structure solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing; while taking into account the most effective method of digital distribution.


• Ensure broker queries and system referrals are dealt with in a timely fashion.


• Monitor premiums, costs and claims ratios and take corrective measures if necessary, to ensure long term profitability.


• Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the Digital account.


• Work alongside team colleagues to ensure the efficient and cost effective administration of the portfolio.


• Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Beazley Digital and with other relevant trading teams.


• Comply with Beazley's underwriting control standards for business written through Lloyd's, BIdac or Beazley's internal MGAs.


• Develop a good working relationship with the claims managers on this class of business.


Client Management

• Advise, assist and service clients on insurance and risk matters to ensure clients' satisfaction.


• Foster positive relationships with clients and brokers to get a mutual understanding of both their and Beazley's needs.


• Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.
  
  Proficient underwriting skills


• Accurate and numerate


• Computer skills - good working knowledge of MS Office, advanced Excel skills


• Strong analytical skills with attention to detail


• Able to communicate effectively with others, both verbally and in writing


• Ability to manage time, meet deadlines and prioritise


• Motivational skills


• Excellent business development skills


• Strong relationship management skills


Knowledge and Experience

• General commercial and financial knowledge


• Extensive experience in insurance industry


• Extensive experience of Pleasure craft & High Value Yacht underwriting or broking


• Thorough knowledge of underwriting policy, philosophy and practice


• Advanced knowledge of underwriting processes and systems


• Client service experience


• Experience of underwriting vessels up to £12 million in value


• Experience with enhancing, maintaining and developing broker relationships, both new and old


• Ideally having had involvement in digitising a Marine product and using various distribution methods including but not limited to E-trade and Acturis.


Aptitude and Disposition

• Result focussed, self-motivated, flexible and enthusiastic


• Professional approach to interact successfully with managers/ colleagues/ external suppliers


• Team worker as well as able to work on own initiative


• Customer focused, with a strong ethic of service and fairness to the customer., Achievement drive


• Analytical thinking


• Strategic thinking


• Service focus


• Team working


• Forward thinking


• Conceptual thinking
  
  Beazley is a specialist insurance company with over 30 years' experience helping people, communities and businesses to manage risk all around the world. Our mission is to provide beautifully designed insurance, innovating to give our clients the maximum benefit with minimum hassle.

Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.
Our Culture
We employ over 1,500 people globally, hosting a wonderful diversity of cultures, experiences and backgrounds. We are proud of our family-feel culture at Beazley that empowers our staff to work in an adult environment that's big on collaboration, diversity of thought & personal accountability.
Our three core values inspire the way we work and how we treat our people & customers - 1) Be bold 2) Strive for better 3) Do the right thing. Upholding these values every day has enabled us to become an innovative and responsive organisation in touch with the changing world around us - our ambitious L&D & Sustainability targets are testament to this.
We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as iLearn (our own learning & development platform), LinkedIn Learning, our mentorship program and external qualification sponsorship. As a Beazley employee, you also get access to our fantastic array of benefits which include commuting reimbursement, free in-office lunch, six months parental leave and a lifestyle allowance, amongst many others.