UW Cargo Product Manager 152 views

Job purpose/role

The UW Product Manager supports achieving the underwriting results in defined line of business globally; including providing underwriting direction and support, as well acting as referral manager for business that exceeds local underwriting authority.

 

Key Responsibilities

In this role you will…..

  • Research information on competitive trends, product line trends, producer trends and external environment, including legal, economic, demographic and distribution trends in accordance with the underwriting strategies and regulatory environment
  • Recommend new and revised products and programs, underwriting standards and procedures, and provide guidance on pricing within the regions
  • Monitor a consistent underwriting governance framework for the Marine as well as product result and you will develop proposals to maximize profitability, including the review of claims/large losses/trends
  • Drive implementation of underwriting guidelines, rules and principles, conditions, pricing tools and best practice processes and standards
  • Complete business reviews to ensure quality of execution of local underwriting
  • Support the development and implementation of global MSU, UW guidelines, rules & principles, best practice processes & standards
  • Review and support referrals within area of expertise that exceed Product Lead Authority
  • Ensure appropriate training programs are implemented and maintained to develop the level of underwriting expertise needed
  • Support steering of Global Practice Group process, to drive continuous development of UW expertise through practice
  • Proactively manage and steer NatCat exposure (in liaison with CAT Risk Mgmt and NCCSD)
  • Carry out qualitative analysis, management of the portfolio incl. profitability analysis (e. g. trades, distribution channels etc.) and KPI reporting

 

Key Requirements/Skills/Experience

  • You will have significant experience in Underwriting profitable business in Marine. You will be a specialized expert in understanding multiple sub-Line of Business products and portfolio
  • You will have demonstrable, established relationships with brokers at peer group level and well established within market
  • You will have specialized understanding of regional / local Line of Business insurance markets and competitor landscape, including global elements
  • You will have good understanding of legal and regulatory framework as well as the insurance industry, intermediary operations, insurance laws and general business operations and a comprehensive knowledge of competition and marketing conditions
  • You will have knowledge of AGCS and competitor marketing, sales, and UW strategies for assigned Marine
  • You will have the ability to analyse highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
  • You will be able to develop, implement and communicate strategies to address important trends or changes in the business
  • Ability to express ideas and messages clearly, both written and verbally.  Ability to “sell” an improvised or prepared audience winning story

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