Assistant Underwriter - Specialty XLICSE India Reinsurance Branch Mumbai India XLICSE is an Ireland domiciled insurer with branches throughout the EU as well as Australia Hong Kong Singapore Malaysia and India It primarily writes property engineering financial lines casualty and specialty insurance and facultative reinsurance for large national and multinational corporations and leading insurance companies XLICSE is part of AXA XL a division of AXA group which also operates in several jurisdictions worldwide Having obtained the certificate of registration from IRDAI to operate as a reinsurance branch located in Mumbai in 2017 the branch is well positioned to effectively develop and service clients of AXA XL in India As a Facultative Underwriter of the India Reinsurance branch for Specialty LOB you will help deliver a profitable Underwriting book while at the same time showcase AXA XL expertise and establish it as a influential participant in Indian facultative market Key tasks include - identify and develop new business opportunities by building and maintaining relationships with brokers and cedants underwriting business within the agreed business plan appetite and individual authority supporting the business planning and forecasting process monitoring financial exposure within outlined limits monitoring premium income and portfolio health to ensure it remains aligned with company s objectives maintaining awareness of all claims advised while supporting and providing input wherever needed planning and executing the underwriting strategy on individual risks and or portfolio level What you ll be DOING What will your essential responsibilities include Reviewing facultative submissions related to Specialty LOB - namely Fine Arts Specie Terrorism Political Violence Event Cancellation from various aspects including but not limited to associated exposure coverage policy wording clauses terms conditions risk management loss trends and financial metrics all the while conducting appropriate research to determine what is in best interest of AXA XL Ascertaining appropriate risk premium by considering the risk costs exposures inherent to the respective line of business and client profile as well as the Underwriting and general administration costs while ensuring profitability Proactively having regular dialogue with brokers cedants to spot for potential opportunities carrying out negotiations advising AXA XL position as per underwriting appetite and contribute towards building a sustainable Specialty LOB underwriting book prepare and manage documentation as per internal guidelines following up and servicing clients on reinsurance and risk management matters to ensure satisfaction and fulfillment of their reinsurance requirements Effective relationship management to tap new opportunities and simultaneously ensuring account retention Good understanding of industry market needs and best practices which helps in showcasing the technical proficiency of the company and contributes towards positioning AXA XL as reliable reputable go to market Support the business planning and forecasting process monitor financial exposure within outlined limits monitor premium income and portfolio health to ensure it remains aligned with company s objectives Maintain awareness of all claims advised while supporting and providing inputs wherever needed Working collaboratively in a team environment - assisting underwriters Specialty LOB underwriting assistants Actuarial Risk engineering Operations claims and management team Ensure all underwriting activities decisions comply with internal guidelines industry standards and regulatory requirements You will report to the Underwriting Manager What you will BRING We re looking for someone who has these abilities and skills Bachelor s Degree preferred and equivalent experience in the relevant class of business is essential Any other relevant professional qualification will be an added advantage Possess an considerable level of functional technical knowledge and skills in Specialty underwriting namely - Fine Arts Specie Terrorism Political Violence Event Cancellation Knowledge of Marine Aviation would be added advantage Ability to work independently Ability to respond to a changing environment with flexibility and innovation Marketing - Effectively plan for business development Integrating the use of various techniques tools and information to support profitable business growth over a defined period Negotiation communication - Plan structure and conduct negotiations with brokers and or cedants and effectively back them with excellent communication skills to reach outcomes that gain the support and acceptance of all parties Analytical Skills - Visualize gather information articulate analyze and solve complex problems in order to make key business decisions Interpersonal Savvy - Build excellent interpersonal relationships with brokers cedants colleagues with the intention of improving personal profile and reputation within AXA XL and at broader market level Industry Knowledge - Understanding of the insurance industry and trends which have potential to positively negatively impact the Line of business Who WE are AXA XL the P C and specialty risk division of AXA is known for solving complex risks For mid-sized companies multinationals and even some inspirational individuals we don t just provide re insurance we reinvent it How By combining a comprehensive and efficient capital platform data-driven insights leading technology and the best talent in an agile and inclusive workspace empowered to deliver top client service across all our lines of business property casualty skilled financial lines and specialty With an innovative and flexible approach to risk solutions we partner with those who move the world forward Learn more at axaxl com What we OFFER Inclusion AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender sexual orientation age ethnicity and origins marital status religion disability or any other protected characteristic At AXA XL we know that an inclusive culture and enables business growth and is critical to our success That s why we have made a strategic commitment to attract develop advance and retain the most inclusive workforce possible and create a culture where everyone can bring their full selves to work and reach their highest potential It s about helping one another and our business to move forward and succeed Five Business Resource Groups focused on gender LGBTQ ethnicity and origins disability and inclusion with 20 Chapters around the globe Robust support for Flexible Working Arrangements Enhanced family-friendly leave advantages Named to the Diversity Best Practices Index Signatory to the UK Women in Finance Charter Learn more at axaxl com about-us inclusion-and-diversity AXA XL is an Equal Opportunity Employer Total Rewards AXA XL s Reward program is designed to take care of what matters most to you covering the full picture of your health wellbeing lifestyle and financial security It provides competitive compensation and personalized inclusive benefits that evolve as you do We re committed to rewarding your contribution for the long term so you can be your best self today and look forward to the future with confidence Sustainability At AXA XL Sustainability is integral to our business strategy In an ever-changing world AXA XL protects what matters most for our clients and communities We know that sustainability is at the root of a more resilient future Our 2023-26 Sustainability strategy called Roots of resilience focuses on protecting natural ecosystems addressing climate change and embedding sustainable practices across our operations Our Pillars Valuing nature How we impact nature affects how nature impacts us Resilient ecosystems - the foundation of a sustainable planet and society - are essential to our future We re committed to protecting and restoring nature - from mangrove forests to the bees in our backyard - by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans Addressing climate change The effects of a changing climate are far-reaching and significant Unpredictable weather increasing temperatures and rising sea levels cause both social inequalities and environmental disruption We re building a net zero strategy developing insurance products and services and mobilizing to advance thought leadership and investment in societal-led solutions Integrating ESG All companies have a role to play in building a more resilient future Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business We re training our colleagues engaging our external partners and evolving our sustainability governance and reporting AXA Hearts in Action We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them known as AXA XL s Hearts in Action programs These include our Matching Gifts program Volunteering Leave and our annual volunteering day - the Global Day of Giving For more information please see axaxl com sustainability

📌 Assistant Underwriter, Specialty (Maharashtra)
🏢 Axa
📍 Maharashtra