Underwriter –Europe and France market (M/W)

Working in Arundo Re’s underwriting department, the underwriter is responsible for underwriting business and monitoring its progress through to settlement.

A key player in market and business development, the underwriter works with his or her superiors to define the commercial and underwriting policy for his or her sector.

Reporting to the Global Head Life and Health Underwriting, the underwriter will be in charge of managing the Europe and France market and will have the following responsibilities.

1. Underwriting and pricing L&H proposals

• Analyzes underwriting proposals.
• Prices its business using the tools made available in accordance with the procedure described in the Underwriting Guidelines and proposes the conditions.
• Determines and negotiates acceptance conditions in accordance with the company’s underwriting guidelines.
• Participates in the decision to accept the business within the scope of their delegated responsibilities and the specific rules defined in the underwriting guidelines.
• Participates in the drafting of treaties.
• Enrich and price the product offerings, or even develop new guarantees by combining the reinsurance offer with services (medical pricing, direct marketing, etc.).

2. Business Monitoring

• Participates in entering contractual information into OSCAR.
• Contributes to the development of business relationships in the relevant market and to the quality of subscriptions by proposing appropriate development strategies and ensuring their implementation in accordance with Arundo RE’s underwriting policy.
• Checks the smooth running of the matters for which the underwriter is responsible.
• Participates in the commutation of affairs.

3. Commercial

• Determines business targets and gets approval from Head L&H Business Unit.
• Participates in defining sales policy and pricing parameters for given territories.
• Implements commercial action plans in the market or branch for which the underwriter is responsible.
• Provides advice and technical assistance to client companies, in particular maintaining contact with the technical departments of the transferring companies.
• During the business travels, and by analyzing existing documents and journals, the underwriter should be self‑informed of the market and its developments in order to acquire the technical, economic and commercial knowledge necessary for information and making acceptance decisions.
• Write up reports on your missions and visits.
• Periodically updates the customer database set up in the company.
• Contributes in maintaining the level of competitiveness (technical and commercial) of the sector and to promoting the brand image of Arundo RE with our customers.

4. Forecasts earnings, results and claims monitoring

• Produces results forecasts for all its underwriting based on information from the ceding company, statistical elements, events, and comparison with results as they occur, in accordance with the procedure.
• Analyzes and monitors your portfolio, paying particular attention to its profitability.
• Follows up on claims in the cases for which the underwriter is responsible.
• Checks the admissibility and validity of the claim in relation with respect to the policy coverage, in accordance with the claims management procedure.
• Validates claims for cash losses submitted to it.

5. Others

• Participates in the development of the department’s various initiatives (subscription and pricing guide, dashboards, etc.) and coordinates them as needed.
• Technology monitoring – Research and Development: may participate in the potential implementation of reinsurance or insurance solutions or arrangements.
• The underwriter will generate reports and market study as required and agreed with Head L&H Business Unit.
• The underwriter will attend required trainings as recommended and approved by HR and Head L&H Business Unit.

Qualifications

Higher education qualification such as Bac +5 in Applied Mathematics, Statistics or Actuarial Science. High level of written and spoken Business English. In certain areas, managerial skills are required. Specificity Reinsurance with State Guarantee: good knowledge of associated legislation and ability to adapt to a constrained framework (example: systematic proposal of coverage). Life/Non‑Life Specificity: general skills are expected in mathematics. The profile can be a Bac+4 with significant experience in insurance/reinsurance (techniques, products, etc.) in the underwriting of life and personal insurance products.