Technical Underwriter / Pricing Analyst

Location
England, Bristol
Salary
£40,000 - £50,000 per annum + + Excellent Benefits
Posted
03 Sep 2020
Closes
17 Sep 2020
Ref
JN -092020-1227565
Contact
James Hobson
Position/Level
Professional / Specialist
Sector
Insurance
Contract Type
Permanent
Language
English

Reporting to the UK Technical Director of this Global Insurance organisation you will have responsibility for technical pricing / underwriting support to the UK business unit ensuring risks are appropriately priced, writing profitable business and defining the risk acceptance criteria in relation to Travel Insurance. Ensure that the criteria is aligned to business strategy in profitability and growth.

Client Details

Global Insurance Organisation

Description

Reporting to the UK Technical Director of this Global Insurance organisation you will have responsibility for technical pricing / underwriting support to the UK business unit ensuring risks are appropriately priced, writing profitable business and defining the risk acceptance criteria in relation to Travel Insurance. Ensure that the criteria is aligned to business strategy in profitability and growth.

Key Responsibilities:

  • Calculating possible risk and quoting to ensure target profitability.
  • Developing and maintaining risk premium, theoretical and price optimisation models.
  • Developing and implementing pricing strategies that increase value through pricing optimisation
  • Ensure effective pricing for over 50s and sustained profitability in this area.
  • Calculating market price and alignment to pricing strategy.
  • Defining the risk acceptance criteria specifically for Travel Insurance B2C, B2B & B2B2C schemes.
  • Producing risk acceptance guidelines and documentation and coordinate this internally and externally with clients.
  • Implement, maintain and control the referral process including pricing.
  • Assessing underwriting and claims statistics in the business.
  • Input to recommend rates, terms and conditions where appropriate and maintain close control of such cases where appropriate.
  • Working with the Business Intelligence part of the team to ensure that sufficient BI is provided to support risk acceptance decision making.
  • Computing results for appropriate premiums using actuarial information and other statistics.
  • Inputting to the product design and Marketing/Sales process to ensure risk acceptance is coordinated and controlled.
  • Maintain close links with all departments and assist with the evaluation of any identified legislative and market developments when required.
  • Develop and implement solutions that will contribute to the profitable growth of the business.
  • To support Managers to manage the key risks within your department.
  • To undertake any other duty or responsibility that may reasonably be allocated by your Manager/Company's Senior Management Team.

Key Skills:

  • ACII qualification is preferred not essential.
  • Previous experience in Technical Underwriting essential - ideally Travel / Medical but not essential
  • Experience in interpreting underwriting calculus and data.
  • Strong analytical, numerical and problem-solving skills.
  • Positive attitude that embraces change.
  • Good understanding of insurance legislative and competitive environment.
  • Strong interpersonal and communication skills including presentational (verbal and written).

Profile

  • ACII qualification is preferred not essential.
  • Previous experience in Technical Underwriting essential - ideally Travel / Medical but not essential
  • Experience in interpreting underwriting calculus and data.
  • Strong analytical, numerical and problem-solving skills.
  • Positive attitude that embraces change.
  • Good understanding of insurance legislative and competitive environment.
  • Strong interpersonal and communication skills including presentational (verbal and written).

Job Offer

  • Opportunity to work on complex modelling and Pricing projects
  • Opportunity to work for a global organisation