• 39302
  • Non-Life - Underwriting
  • |
  • Bermuda
  • |
  • Mar 17, 2021
  • Overseeing the day-to-day operation of the underwriting models
  • Reviewing the accuracy and completeness of data used in the underwriting process
  • Preparing and issuing policy documentation
  • Assisting in the design and implementation of new insurance products
  • Operation of the Economical Capital Model to evaluate the impact of new insurance products on the company’s capital position
  • Liaising with external counsel to ensure appropriate policy wordings are in place
  • Ensuring policies are issued in compliance with local regulatory requirements and relevant sanctions regimes
  • Assisting in the review and challenge of the actuarial assumptions and inputs used in the reserving and underwriting process
  • Identifying and assessing the risks associated with the underwriting function and ensuring effective controls are followed
  • Build relationships with reinsurance markets and participate in renewal negotiations
  • Management responsibility for underwriting personnel
  • A Bachelor’s Degree; Insurance, Accounting or Math related majors are advantageous but not required
  • Professional Insurance Qualification such as ACII or CPCU is essential
  • At least 15 years of insurance experience, with a particular focus on designing global insurance programs for captives/multinationals
  • Technical underwriting experience of Professional Indemnity and Employee Benefits insurance products is advantageous
  • Experience of dealing with brokers and reinsurance markets is advantageous
  • Ability to communicate effectively at senior levels with both internal and external stakeholders
  • Ability to understand and assess insurance policy wordings
  • Strong analytical skills with a good understanding of actuarial analysis
  • Advanced Excel skills
  • Detailed understanding of the insurance regulatory environment in Bermuda and Europe (Solvency II)
  • Experience with capital modelling software, particularly ReMetrica, would be advantageous
  • Willingness to be flexible with working hours to meet the needs of the business and the ability to travel when necessary