
Underwriter - Healthcare Professional Liability
Job Description
General Job Title: Underwriter – Miscellaneous Medical Division: Specialty Risks Reports To: As per Beazley’s organisation chart Key Relationships: Brokers, Underwriters, Claims staff, Coverholders, external Clients and Suppliers Job Summary: To underwrite a Miscellaneous Medical & Life Sciences account within the Healthcare Team and provide counsel and advice on Underwriting related issues
Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand
Key
: Underwriting Develop and underwrite a profitable portfolio of Miscellaneous Medical & Life Sciences business as part of the Healthcare team
Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing
Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level
Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable
Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the French and continental European Miscellaneous Medical & Life Sciences account
Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Specialty Risks
Comply with Beazley’s underwriting control standards for business written through Lloyd’s, or Beazley’s internal MGAs
Develop a good working relationship with the claims managers on this class of business
Client Management Advise, assist and service clients on insurance and risk matters to ensure clients’ satisfaction
Foster positive relationships with clients to get a mutual understanding of both their and Beazley’s needs
Maintenance of good business relationships with brokers
Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients
General Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley
Develop best practice and disseminate business and class knowledge within the Healthcare and Specialty Risks team
Work with peers within Healthcare and Specialty Risks to maximise business opportunities and profitability within the department
This will include but not be limited to sharing market information, marketing sources and cross selling opportunities
Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group
Production of presentations and marketing literature as required
Production of business plans/research documents for the Miscellaneous Medical & Life Sciences account as required
It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers
We also expect Beazley employees to: Comply with Beazley procedures, policies and regulations including the code of conduct Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system Display business ethics that uphold the interests of all our customers Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs Comply with any specific
necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas
This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management Carry out additional
as individually notified, either through your objectives or through the learning management system
These may include membership of any Beazley committees or working groups Personal Specification: Skills and Abilities Proficient underwriting skills Accurate and numerate Computer skills – good working knowledge of MS Office, advanced Excel skills Strong analytical skills with attention to detail Able to communicate effectively with others, both verbally and in writing Ability to manage time, meet deadlines and prioritise Motivational skills Knowledge and Experience General commercial and financial knowledge Experience in insurance industry Experience of Healthcare underwriting Thorough knowledge of underwriting policy, philosophy and practice Advanced knowledge of underwriting processes and systems Client service experience Aptitude and Disposition Result focused, self-motivated, flexible and enthusiastic Professional approach to interact successfully with managers/colleagues/external suppliers Team worker as well as able to work on own initiative Customer focused, with a strong ethic of service and fairness to the customer Competencies Achievement drive Analytical thinking Strategic thinking Service focus Team working Forward thinking Conceptual thinking Essential Criteria Minimum 5 years of underwriting experience in healthcare-related insurance segments such as Miscellaneous Medical, Allied Healthcare, or Healthcare Professional Liability, including risk assessment, pricing, and portfolio management
Advanced analytical and financial skills with the ability to interpret underwriting guidelines, perform exposure evaluations, and make data-driven decisions
High proficiency in Microsoft Excel (including pivot tables, VLOOKUP, and complex formulas) and strong communication skills for negotiating terms and presenting underwriting decisions to brokers, clients, and internal stakeholders
: Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world
Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable businesses to thrive
Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer
Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons
Our Culture We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee’s diversity, experience and passion allow us to keep innovating and moving forward, delivering the best
We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability
Our three core values inspire the way we work and how we treat our people and customers
Be bold Strive for better Do the right thing Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us – our ambitious inclusion & diversity and sustainability targets are testament to this
We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment
We actively encourage and expect applications from all backgrounds
Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success
Explore a variety of networks to assist with professional and/or personal development
Our Employee Networks include: Beazley RACE - Including, understanding and celebrating People of Colour Beazley SHE - Successful, High potential, Empowered women in insurance Beazley Proud - Our global LGBTQ+ community Beazley Wellbeing - Supporting employees with their mental wellbeing Beazley Families - Supporting families and parents-to-be We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as: Internal Pathways (helping you grow into an underwriting role) iLearn (our own learning & development platform) LinkedIn Learning Mentorship program External qualification sponsorship Continuing education and tuition reimbursement Secondment assignments The Rewards The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, dynamic organization Attractive base
and discretionary performance related bonus Competitively priced medical, dental and vision insurance Company paid life, and short- and long-term disability insurance 401(k) plan with 5% company match and immediate vesting 22 days PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefs Up to $700 reimbursement for home office setup Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance Up to 26 weeks of fully paid parental leave Up to 2.5 days paid annually for volunteering at a charity of your choice Flexible working policy, trusting our employees to do what works best for them and their teams
for this role will be tailored to the successful individual’s location and experience
The expected
range for this position is $120,000K - $160,000K per year plus discretionary annual bonus
Don’t meet all the
At Beazley we're committed to building a diverse, inclusive, and authentic workplace
If you’re excited about this role but your experience doesn’t perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway
You might just be the right candidate for this, or one of our other roles.