Senior Underwriter
Dubai, United Arab Emirates
Job Description
Job Summary
Zurich is one of the world’s leading insurance groups, and one of the few to operate on a global basis. Our mission is to help our customers understand and protect themselves from risk. With around 55,000 employees serving customers in more than 210 countries and territories, we aspire to become the best global insurer as measured by our shareholders, customers and employees. We help individuals, small and medium sized companies and global corporations around the world understand and protect themselves from risk by offering a wide range of insurance products, solutions and advisory services.
We are looking for a Senior Underwriter - Marine to join our team and play a key role in our Middle East Team. Reporting to the Head of Specialty Lines, this individual will analyze and underwrite highly complex new and renewal business, under minimal direction, utilizing The Zurich Way of Underwriting Framework as a subject matter expert, ensuring a high level service to customers.
Job Accountabilities
As Senior Underwriter - Marine, your role will involve:
- Work under minimal direction, underwrite and analyze new and renewal business within delegated authority levels of highly complex assignments.
- Demonstrate specialized knowledge and expertise in products and industry.
- Administer and monitor underwriting rules and guidelines, insurance laws and regulations, and rating manuals.
- Work at the highest authority limits on assignments utilizing the highest degree of technical complexity and coordination. Develop and maintain relationships with distributors (agents & brokers) in support of business retention and acquisition and works with customers and distributors (agents & brokers) to determine their insurance related needs and provide solutions.
- Support the organization's sales culture by being a Help Point for agents, brokers and customers.
- Contribute to the development of propositions. Provide technical guidance, assistance, and training to lower level underwriters.
- Proactively seek renewal and new account opportunities.
- Complete detailed opportunity assessment with key distributors to identify growth opportunities.
- Qualify accounts to meet with the organization's appetite, balanced with sound business opportunity.
- Make agent/broker/customer and on-sight calls with a planned and well-prepared purpose.
- Negotiate Terms & Conditions and close deals.
- Cross-Sell other lines of business to increase product density with the account.
- Participate in Sales Team meeting as related to assigned brokers and / or territory.
- Proactively engage in the target account process, managing a qualified list of opportunities 90 to 120 days prior to effective date.
- Update required systems with details of broker / client visits and account status within specified time frame.
- Serve as key contact for assigned target accounts.
- Develop strong broker and client networks as related to industries underwritten by Business Unit.
- Calculate Target Price accurately by utilizing underwriting tools appropriately.
- Sponsor / lead product development.
- Develop training.
- Drive/manage how Business Unit will deal with emerging issues.
- Resolve technical issues for company.
- Provide expertise on coverage issues with claims.
- Develop u/w manuals, programs and guidelines.
- Handle & review large/complex underwriting submissions and annual underwriting reviews.
- Benchmark and establish best practices.
- Act as mentor.
Job Qualifications
To be successful in this role, you will need:
• Bachelors Degree or Equivalent and 7 or more years of experience Underwriting or Market Facing area, preferably in Marine Cargo, Marine Liability and Fine Art & Specie.
• Advanced knowledge and practice of line/s of business
- Strong knowledge of underwriting philosophy, techniques, national/local filing regulations and guidelines
- Ability to effectively assess risk
- Ability to work in a team-based environment
- Knowledge of time restraints for quotes on new and renewal business
- Strong verbal and written communications skills, with ability to present complex concepts to a non-technical audience.
Why Zurich
At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right? We are an equal opportunity employer who knows that each employee is unique - that’s what makes our team so great!
Join us as we constantly explore new ways to protect our customers and the planet.
- Location(s): AE - Dubai
- Remote working: No
- Schedule: Full Time
- Recruiter name: Leigh Jeremy Jaye Santander
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Job Detail
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Job IdJD1404401
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationDubai, United Arab Emirates
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EducationNot mentioned