Manager - Commercial Underwriting

Key Responsibilities:

1. Risk Assessment

   - Analyze and evaluate property and engineering risks based on detailed reports, site inspections, and technical data.

   - Review and interpret engineering plans, specifications, and project schedules to identify potential risks and mitigation measures.

   - Assess the likelihood and potential impact of various hazards, including natural disasters, mechanical failures, and human errors.

2. Underwriting:

   - Develop and maintain underwriting guidelines for property and engineering risks.

   - Determine appropriate coverage, terms, and conditions for insurance policies.

   - Price insurance policies based on risk assessment, market conditions, and company guidelines.

3. Market Interaction:

   - Communicate with brokers, agents, and clients to gather necessary information for underwriting decisions.

   - Provide clear explanations of coverage options, terms, and conditions to clients and stakeholders.

   - Negotiate policy terms and conditions with clients and brokers.

4. Policy Management:

   - Issue and maintain insurance policies, endorsements, and renewals.

   - Monitor and manage the portfolio of underwritten risks to ensure profitability and compliance with company standards.

   - Review and update policy documentation as required.

5. Market Research and Development:

   - Stay informed about industry trends, regulatory changes, and market conditions affecting property and engineering insurance.

   - Develop new insurance products and services tailored to emerging risks and client needs.

   - Collaborate with the marketing and sales teams to promote insurance products and services.

6. Collaboration and Reporting:

   - Work closely with claims, loss control, and other departments to ensure comprehensive risk management.

   - Prepare and present underwriting reports and performance metrics to senior management.

   - Participate in training and development programs to enhance underwriting skills and knowledge.