Zurich Gruppe Deutschland Hiring for Underwriter – Energy Job at Dubai Full Time

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 Underwriter – Energy with at least 5 years London market experience to join our team. Reporting to the Head of Energy, this individual will analyze and underwrite new and renewal business, under general direction, utilizing The Zurich Way of Underwriting Framework within delegated authority levels on assignments of higher technical complexity ensuring a high level service to customers.

Job Accountabilities

As Underwriter – Energy, your role will involve:

• Administer and monitor underwriting rules and guidelines, insurance laws and regulations, and rating annual rules.
• Develop, maintain & collaborate with Line of Business representatives on referrals and other business-related needs, as appropriate.
• 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.
• Supports the sales culture by being a Help Point for agents, brokers and customers.
• 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 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 Zurich contact for assigned target accounts.
• Calculate Target Price accurately by utilizing underwriting tools appropriately.
• Measure exposures/analyze risk.
• Quote and set coverage, negotiate terms and conditions.
• Service accounts, handles declination’s/cancellations.
• Participate in marketing presentations to assigned agents/brokers.
• Provide technical advice that enables a customer to solve a problem or improve business.
• Develop and maintain positive customer relationships by meeting regularly with customers when no specific initiative is underway.
• Anticipate customer needs, monitor trends in order to recommend changes.
• Analyze needs, develop and recommend alternatives for improvements to processes, customer service or products.
• Lead short-term (3 to 9 months) defined scope projects.

Job Qualifications

To be successful in this role, you will need:

• Bachelor’s Degree or Equivalent and 5 or more years of London market experience in the Underwriting or Market Facing area.
• Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility.
• Excellent communication skills, with the ability to present complex concepts to a non-technical audience.
• In-depth knowledge of line(s) of business and the legal and regulatory guidelines.
• Strong negotiation skills
• Ability to effectively assess risk. Required: Strong knowledge of underwriting philosophy, techniques, national/local filing, regulations and guidelines.
• Superior skills in relationship building, active listening, needs analysis and win-win negotiating.
• Solid knowledge of processing methods and workflow procedures, and basic knowledge of insurance underwriting and regulations for assigned territories.