Head of Underwriting

Permanent @Simon Blau in Risk
  • City of London View on Map
  • Post Date : October 23, 2023
  • Apply Before : April 23, 2024
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Job Detail

  • Job ID 39554

Job Description

Head of Underwriting

City of London




cer Financial are working alongside a diverse international insurance company who are based in the City of London. They are seeking a Head of Underwriting to join them on a permanent basis.


The Responsibilities of the Head of Underwriting Will Include:


  • Guide and review the improvement of underwriting policies & procedures to monitor compliance with underwriting standards and identify methodologies for improving controls and efficiencies.
  • Review and develops strategies for improving the underwriting results and increasing distribution of key products.
  • Assume responsibility for development and evolution of package policies and the profitable growth and development thereof. Work to include the updating of coverage, policy wordings and related product literature.
  • Manage, enhance and maintain the relevant Underwriting and Procedural guides and rating tools and update Underwriting Guideline
  • Organise and monitor the Underwriting Audit function (including undertaking of audits and issuing of subsequent reports)
  • Ensure good quality two-way communication between Underwriting Management and Claims Department, to identify adverse trends or technical aspects and necessitate changes to either policy or procedure by underwriting teams.
  • Support Chief Underwriter in wording drafting and wording reviews as well as participate in product development as required.
  • Support Chief Underwriter to provide product focussed advice to underwriters on relevant matters and working to resolve product related challenges as they arise.
  • Working as a key stakeholder on project related projects across the business as requested
  • Contributing to product innovation in our chosen markets, challenging the status quo
  • Support Chief Underwriter in setting and delivering Underwriting Key Performance Indicators and overseeing the delivery of company plan.
  • Support Chief Underwriter in driving strategic portfolio management, address performance and planning issues using a risk-based approach and ensuring improvement of the underwriting performance and execution of underwriting strategies.
  • Actively contribute to and participate in the provision of technical training to underwriters .
  • Supporting Chief Underwriter in ensuring that the agreed control processes and tools are effectively used for the oversight of underwriting risks and product line performance.
  • Lead the underwriting management team and develop team members.


The Successful Head of Underwriting Will Have:


  • 8+ years’ experience in commercial (Property & Casualty) insurance underwriting, including demonstrable account management experience.
  • Good knowledge of underwriting policies and procedures with first-hand experience of implementation of these
  • Proven expert knowledge of commercial insurance wordings, product development, underwriting, legal, and regulatory.
  • Good skills in MS office (Excel, Word, PPT) Outlook and internet applications
  • ACII Chartered Insurer qualification

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