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Construction Underwriter

Employer
Chubb
Location
Dubai, United Arab Emirates
Salary
Competitive
Closing date
Mar 28, 2024

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Job Function
Insurance
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description

The Opportunity

Do you have Underwriting experience relating to construction risks (EAR, CAR, Civils, CECR)?

If you are passionate about developing your skills and career within one of the largest insurers in the world with excellent staff benefits and offices in 54 countries, then we would love to hear from you!

This exciting role could suit an Underwriter who is hungry, motivated, inquisitive and in need of a new challenge. We will consider a similar minded hardworking Underwriter who feels ready to take the next step in their career.

We require someone to underwrite contractors all risks, property and casualty business emanating from brokers. Maintaining and building relationships with our panel of brokers with a view to writing additional new business is key to the success of this role as well as growing the existing portfolio in line with our agreed growth, pricing and retention budget.

Your Responsibilities for this role may include, but are not limited to:
  • Meet the portfolio product line objectives of the Tech Lines (Construction) Department for each underwriting year.
  • Assist in formulating underwriting strategy, forecasts and portfolio management in order to achieve underwriting profitability.
  • Business will emanate from various brokers and ceding companies.
  • Travel the region with a view to promoting CHUBB and developing broker and cedant relationships
  • You will play a key role in the development of new business leads initiated by:-
  • Meeting with the broker Account Director/Executive, or other broker contact, to negotiate the best price, terms and conditions for Chubb.
  • Following up on the quote provided to the broker contact (including, by way of phone call or further meeting) to ensure Chubb successfully writes the piece of business.
  • Being present at presentations, about Chubb and the quote, to brokers and/or clients.
  • Maintaining our existing portfolio with the agreed targets for the year and developing and building a professional relationship with our clients.
  • Demonstrating understanding that a good client relationship constitutes the 3 parts in the process (The client, the broker and Chubb).
  • Meeting company standards relating to accuracy of policy documentation, premiums being debited on time, ie by the month end close, and compliance with regulatory standards in respect of contract certainty.

Qualifications

What skills & experience are required?
  • Deep understanding and working knowledge of a construction line, the insurance and reinsurance market and competitors.
  • Proven experience of dealing with brokers and clients.
  • Results driven with ability work on own initiative.
  • An expert underwriting professional with a strong reputation.
  • Excellent planning, proactivity, using initiative and being a good communicator.
  • Fluent in English (written and spoken), French language skills would be highly desirable

Integrity. Client focus. Respect. Excellence. Teamwork

Our core values dictate how we live and work. We're an ethical and honest company that's wholly committed to its clients. A business that's engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that's collaborative and supportive.

Diversity & Inclusion. At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

About Us

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

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