Head of Underwriting

We are looking on behalf of one of our clients for a Head of Underwriting.

Duties include, but are not limited to:

• Build, manage and nurture effective partnerships with outsourced pricing and underwriting teams, ensuring alignment with the Groups values and customer first approach.
• Ensure that good customer outcomes are at the heart of our activities
• Provide thoughtful oversight of underwriting performance across all product lines.
• Ensure compliance with Customer and Consumer Duty requirements by overseeing product governance and delivering fair value across all underwriting activities.
• Serve as point of contact for any regulatory queries and thematic reviews relating to underwriting and pricing.
• Provide commercial review of existing product lines with periodic thematic deep dives to understand business drivers.
• Provide input to and help optimise current structures in place
• Work alongside the actuarial reserving team to review, challenge and optimise management best estimate loss ratios based on latest claims and pricing data.
• Analyse and provide recommendations to senior management on monthly underwriting and other distribution trends
• Contribute to and support the business planning processes, including delivery of the business plan to the Board in line with the Group business planning timetable

Required:

• Deep experience in insurance underwriting and/or pricing.
• Familiarity with regulatory requirements in Gibraltar and /or the UK and experience managing regulatory relationships and audits.
• Strong understanding of Customer and Consumer Duty principles, including fair value assessment and product governance frameworks.
• Strong technical knowledge and understanding across the underwriting landscape, with the ability to oversee, and consolidate, the underwriting activities undertaken at the business in Gibraltar and through to the UK businesses.
• Ability to build trusted relationships with partners and stakeholder including TPAs and reinsurers.
• Confidence and credibility to influence and challenge senior leaders across the business while remaining open to diverse perspectives.
• Strong analytical and problem-solving skills, with the ability to assess risks and implement effective controls, as well as evaluate pricing and underwriting data and identify trends or risks.
• Organisational agility and leadership skills to manage complex claims strategies and teams as well as multiple priorities and deadlines with care and precision.
• Exceptional communication and negotiation skills, to collaborate with stakeholders and represent the Group effectively.