About the job
Employment Hours - Full time (35 hours per week)
Work Location - London
Business Function - Underwriting
Team - PI within the Financial Lines team (Custodian)
About Optio
Optio Group brings together the expertise and specialisms of Optio Underwriting, Optio Re MENA, Brockwell Capital, Northcourt Limited, Optio Re MENA Ltd, Custodian and Optio Europe to provide comprehensive insurance products, underwriting and broking services.
Optio develops products, services and solutions that have a positive impact on the insurance sector. By bringing together smart technology and market specialists, we are able to innovate across speciality insurance products, underwriting services and broking, and build strong relationships with our business partners.
Role Definition
The PI Underwriter will underwrite UK, European and International Professional Indemnity business in line with our governance framework – this includes our own rules, principles and business strategy as well as the underwriting authorities and guidelines as set out by our capacity partners
Responsibility & Accountability
- Grow the book sustainably and profitably with focus on achieving targets laid out by management team
- Assist the team in developing strategies, sourcing opportunities and all underwriting duties
- Develop and maintain good working relationships with brokers and clients to establish Optio as a preferred market for PI business
- To ensure that complete and accurate underwriting records are maintained, and contract certainty is achieved on all accounts at time of inception
- To promote a culture where client’s needs are placed at the heart of underwriting decision-making and business is conducted in a manner that meets Optio’s internal standards and FCA guidelines
- To ensure that the workplace environment is fair, equitable, collaborative, supportive, and respectful and one which encourages and increases the participation and contribution of all employees, irrespective of difference
Skill and Ability
- Robust experience as an Underwriter or relevant equivalent in the Professional Indemnity sector
- Previous experience underwriting SME and mid-tier firms with a successful and profitable track record
- Known understanding of UK & International/ local Professional Indemnity insurance markets and competitor landscape
- Good understanding of the legal and regulatory framework
- Recognised relationships with clients and brokers at peer group level
- Ability to make a positive impact on the long-term success of the overall business in planning, organization and development
- Capable of leveraging data and analytics to make business more efficient and effective
- Ability to design, develop and implement consistent, robust wordings for contracts
- Highly computer literate within MS office applications and an advanced level proficiency using underwriting systems
- Fluent English language skills
Education and qualifications
- CII or other Insurance Industry qualifications desirable
Please include your salary expectations in your application or CV.
