Job Description

At Taiping, our mission is to create a long-term prosperity, health and happiness!

We are looking for a Delegated Authority Scheme Underwriter to join our underwriting team. This role is responsible for managing our delegated authority schemes to maximise their potential. You thrive when taking the initiative, bringing both internal and external stakeholders together with a partnership-based approach to create mutual success.

Key responsibilities:

Proactively develop strong relationships with a designated panel of brokers, taking full ownership for the generation of profitable business. Collaborate with partner brokers and across Underwriting and Operations to routinely review scheme performance, identify opportunities to grow, improve the proposition, improve profitability and find efficiencies. Identifying poorly performing accounts and investigating reasons for high loss ratio. Discussing actions with Senior Underwriters and implementing actions to improve scheme performance. Contribute in the planning and setting of department key tasks, including the budget and KPIs, to achieve the strategic development plan. Ensure accurate and timely servicing and debiting of accounts and assists credit control with premium collection as required. Contribute to the development of junior members in the team by supervising and acting as a technical underwriting referral point. Perform regular analysis, report and other management information of your accounts for internal and external meetings. Attend binder renewal meetings, prepare renewal proposal and present to the Underwriting Committee. Participate in annual coverholder audit, write up audit report and follow up with the completion of recommendations. Helping to review and update various policy wordings, agency contracts, binding authority agreements, or other business documentation if required. Provide ongoing feedback to Head of Business and Underwriting Manager on competitors, market condition and relevant information to help improve our product, pricing and services. Assist Underwriting Management with reviewing and updating underwriting guide, rating structures, or other business terms and endorsements for the assigned accounts if required. Work with Underwriting and Compliance and assist to implement company and regulatory requirements for coverholders. Draft the run-off plan and ensure its implementation for terminated schemes Implement other tasks assigned by the company.

Requirements:

Essential

You'll have 5+ years experiences of delegated authority account management, ideally from an insurance carrier or a mainstream MGA Outstanding communication and interpersonal skills combined with a proven track record of relationship management Be able to communicate effectively at all levels of engagement, both internally and externally Strong negotiating skills and abilities to empathise and influence Ability to work independently and as part of a team while meeting set goals Good time management and organisation skills to meet deadlines Knowledge of the UK insurance market, and relevant regulatory practices and legislations in the industry Knowledge and experience of underwriting insurance risks of commercial and/or personal lines Ability to analyse data and write reports MS Office skills such as Word, Excel and PPT, etc.
Preferred

Education to degree level. CII qualification or equivalent preferable Advanced Excel skills Presentation skills

What we provide for you:

Competitive Pension scheme. Private medical insurance and dental care. Family friendly policies. Transportation season ticket loan scheme. Hybrid work model at our London o?ce, attending at least 3 days per week to foster collaboration among teams. Growth and development opportunities with company support.

Who we are:

China Taiping Insurance (UK) Co Ltd, formerly known as China Insurance Company (U.K.) Limited, received its trading license in 1983 and officially opened its doors for business in London on 1 October 1985.

The company is a member of the British Insurers Association, and is Authorized by the Prudential Regulation Authority and Regulated by both the Financial Conduct Authority and Prudential Regulation Authority in the UK to underwrite general insurance and reinsurance policies.

As a wholly owned subsidiary of China Taiping Insurance Group and the only Chinese state-owned insurer in the UK, China Taiping Insurance (UK) Co Ltd, hereby abbreviated as China Taiping (UK), is aim to achieve higher standard as an insurance provider.

Job Types: Full-time, Permanent

Benefits:

Private dental insurance Private medical insurance
Application question(s):

What's your notice period (months)? What's your annual salary expectation ()?
Work Location: Hybrid remote in London EC3V 3NA