Opportunities

Associate Underwriter

Italy - Milan - Viale Monza

Overview

Associate Underwriter
Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
 
The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
 
The insurance companies of Chubb serve multinational corporations, mid-size and small businesses with property and casualty insurance and services; affluent and high net worth individuals with substantial assets to protect; individuals purchasing life, personal accident, supplemental health, homeowners, automobile and other specialty insurance coverage; companies and affinity groups providing or offering accident and health insurance programs and life insurance to their employees or members; and insurers managing exposures with reinsurance coverage.
 
With $150 billion in assets and $37 billion of gross written premiums in 2014* on a pro forma basis, Chubb’s core operating insurance companies maintain financial strength ratings of AA from Standard & Poor’s and A++ from A.M. Best.
Chubb’s parent company is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.
 
Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 30,000 people worldwide.
 
 

Role Purpose

Facilitate underwriting process, supporting a group of Underwriters (in at least 2 product lines), including ownership of processes that could include an agreed level of underwriting authority.

Assist in the underwriting of allocated new business, renewals and endorsements through usage of standard pricing tools, renewal preparation & follow up and/or negotiation activity.

For all business and particularly non-standard, provides appropriate instructions and wording to the operations for processing, remains the entry point for those matters.

Liaise with brokers and internal departments for operations, credit control, claims and risk to resolve issues

Key Responsibilities

  • Assists UW in building good working relationships with Brokers including:
    • Visit and negotiation to get submissions
    • According to the  guidelines, authority levels and business strategy, you will have to quote and manage the submissions, ensure Operations (UA and SSC) are provided with all UW instructions necessary to appropriately and efficiently process the business
  • Portfolio management: Upon UW / LM request, study and analyze loss ratios and if required, manage cancellation of non-profitable policies on a monthly basis and make recommendations to the line of business manager.
  • Contribute to the preparation of the  commercial plan together with line of business Mgr and the Sales & Distribution Mgr with the aim to create solid relationships with brokers and customers to reinforce business development and cross selling with other line of business.
  • Provide general assistance to underwriters for information follow up, exposure and loss analysis, broker and/or client visits and other duties as agreed with the business
  • Participates to the preparation and control of the annual business plan, budget and forecast.
  • Ensures booking instructions are provided in a timely manner so monthly forecasts are met.
  • Support the Branch Underwriters, daily and through and the participation to meetings with brokers, internal departments (e.g. P&C PSU, MSU, Credit Control).
  • Work in conjunction with Operations teams to ensure appropriate service is provided to the end customer, with efficient working practices in place, providing feedback to reduce rework or errors.
  • Work within the framework of high ethical and service standards

Qualifications

  • Multi-lingual – English + 1 or more Western European Languages preferred.
  • Flexibility on location and relocation within Europe preferred.
  • Service & process oriented with high attention to detail.
  • Analytical with capacity to learn more advanced underwriting skills.
  • Ability to develop strong internal relationships.
  • Min 2-3 years of experience in insurance (will consider high potential trainees as well)
  • Underwriting & Regulatory Compliance. Awareness of guidelines and regulatory requirements and understand how they impact the business. Able to apply processes and take appropriate action to ensure role is conducted in accordance with such guidelines & regulations.
  • Communication: Delivers clear and effective communication. Actively listens and takes responsibility for understanding others.  Frequent Internal and external communication (with brokers) required

Experience

  • Good knowledge on insurance policy life cycle (issuance, booking, collections, renewals) or deep knowledge of Financial back office processes
  • Minimum 3 years' experience in Underwriting in Insurance Companies
  • Knowledge and understanding of policy wordings
  • Understanding of the  Insurance market
  • Understanding on how individual underwriting decisions impact on business results
  • Advance user of Microsoft office: Word, Excel, PowerPoint, Outlook

Soft Skill

  • Very well organized person
  • Able to set priorities
  • Responsible and proactive
  • Good interpersonal skills
  • Good team player
  • Strong Customer focus and solutions oriented
  • Proactive and can do attitude

Technical Skill

  • Ability to assess risk hazards and exposures and to determine appropriate rates for individual risks.
  • Ability to manage, monitor & control underwriting results on a portfolio and producer basis.
  • Ability to establish standards for market segmentation, risk selection pricing
  • Able to apply client management strategies

 

Work Location: Milan - Viale Monza
Job Function: Underwriting
Employment Type: Permanent

APPLY
Join Our Talent Network

We came a long way in a very short space of time.

Learn More