Head of Underwriting Commercial Lines and Reinsurance
5 days ago
- Develop and implement underwriting strategies for the commercial distribution channel and reinsurance to achieve business targets.
- Lead and mentor the underwriting and reinsurance team, ensuring alignment with the company's objectives.
- Collaborate with senior management to shape the commercial distribution strategy and identify new market opportunities.
- Oversee underwriting policies, guidelines, and risk assessments to ensure profitability and compliance with regulations.
- Evaluate and approve high-value or complex commercial cases, providing guidance to underwriters.
- Continuously monitor market trends and adjust risk appetite and underwriting practices as needed.
- Performance Management:
- Establish performance metrics for the underwriting and reinsurance team, track performance, and drive continuous improvement.
- Analyze underwriting data to identify trends, opportunities, and areas of improvement in the commercial portfolio.
- Lead initiatives to enhance underwriting and reinsurance processes, efficiency, and service delivery.
- Collaboration & Stakeholder Management:
- Build and maintain strong relationships with distribution partners, brokers, and clients to drive business growth.
- Collaborate with the sales and product teams to develop tailored insurance solutions for the commercial market.
- Ensure seamless communication and alignment between underwriting, reinsurance, sales, and operations teams.
Key Qualifications:
- Bachelor's degree in Business, Finance, Risk Management, or a related field. Advanced degree (MBA or equivalent) is a plus.
- Minimum of 10 years of experience in underwriting and reinsurance, with a focus on commercial line is preferable.
- Proven track record in leading and developing underwriting and reinsurance teams.
- Strong analytical skills and deep understanding of risk assessment, pricing, and portfolio management.
- Excellent communication, negotiation, and stakeholder management skills.
- In-depth knowledge of insurance regulations, industry trends, and market dynamics.
- Strategic thinker with a strong business acumen.
- Ability to make sound underwriting decisions under pressure.
- Leadership skills with the ability to drive team performance and foster a positive work culture.
- Strong project management and problem-solving skills.
- High proficiency in insurance-related software and data analytics tools.
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