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2 AXA Business Services Underwriter Jobs

Financial Lines, Cyber and Liability Underwriter

1-5 years

Mumbai

1 vacancy

Financial Lines, Cyber and Liability Underwriter

AXA Business Services

posted 1mon ago

Job Description

Financial Lines, Cyber and Liability Underwriter
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, 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 the Underwriter of the India Reinsurance branch for Financial Lines, Cyber and Liability, you will deliver a profitable Underwriting service to your clients. Key tasks include: underwriting business within the agreed business plan and individual authority; market AXA XL and its products; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.
DISCOVER your opportunity
What will your essential responsibilities include
Calculating appropriate risk premium by considering the risk costs inherent to the respective sector as well as the Underwriting and general administration costs while ensuring profitability.
Reviewing complex submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.
Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
Effective relationship management to initiate opportunities, cross-sell offered products and ensure account retention.
Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
Working collaboratively in a team environment, assisting the greater team for combined success
You will report to the Underwriting Manager.
SHARE your talent
We re looking for someone who has these abilities and skills:
Bachelor s Degree preferred and equivalent experience in the relevant class of business.
Possess a high and extensive level of technical knowledge and skills in Financial Lines, Cyber and Casualty.
Ability to work independently.
Ability to respond to a changing environment with flexibility and innovation.
Marketing - Effectively plan for sales and business development. Integrating the use of various techniques, tools, and information to support profitable business growth over a defined period.
Negotiation/Sales - Plan, structure and conduct negotiations with brokers and/or clients 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, clients & colleagues with the intention of improving personal profile and reputation within AXA XL and the broader market.
Industry Knowledge - Understanding of the insurance industry and specific product portfolios to positively impact the underwriting business by improving personal technical & functional knowledge
FIND your future
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.
HowBy 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, professional, financial lines and specialty.
Learn more at axaxl.com
Inclusion & Diversity
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 a diverse workforce enable business growth and are critical to our success. That s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can 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 benefits
  • 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.
Our Pillars:
  • 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. Were 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
"

Employment Type: Full Time, Permanent

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Underwriter salary at AXA Business Services

reported by 5 employees with 6-12 years exp.
₹3.5 L/yr - ₹5.7 L/yr
13% less than the average Underwriter Salary in India
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What AXA Business Services employees are saying about work life

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52%
88%
70%
87%
Flexible timing
Monday to Friday
No travel
Day Shift
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AXA Business Services Benefits

Cafeteria
Health Insurance
Team Outings
Soft Skill Training
Job Training
Work From Home +6 more
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