VP, Corix Underwriting

VP, Corix Underwriting Job Type :
Permanent

Build a brilliant future with Hiscox

• Develop a strong and high performing team
• Participate in the identification and hiring of underwriting talent.
• Train new Underwriters, and coordinate with others, to establish training to optimize growth and loss ratio performance of the underwriting team
• Provide continual coaching and feedback to a team of high-performing Vertically focused Underwriters for the Corix business, and focusing their efforts to achieve growth, service and profitability goals
• Develop and establish Vertical Centers of Excellence (COEs), including regular forums and reporting, and ensure COEs are influential in changes to underwriting rules, coverage changes, underwriting guidelines and pricing as related to their Vertical.
• Retention and Talent Development desired behaviors to elevated performance, upskill talent as necessary
• In coordination with the Corix Leadership Team and colleagues, ensure appropriate metric reporting is in place to assess underwriter's progress to goals and ensure regular feedback to deliver optimal individual underwriter results

• With input from the Corix Leadership Team and CUO, drive underwriting strategy and underwriting guidelines
• Execute national plans for the Corix business : execute marketing initiatives, actively develop and manage broker relationships for Corix, individual underwriter and team lead level, drive new business growth activity, and meet / exceed budget expectations.
• Lead Monthly and Quarterly Business Review efforts for the Corix business.
• Manage the team and business to key underwriting KPIs, such as quote rates, bind rates, renewal rate change, etc.
• Manage UW productivity, including working with the Corix Leadership Team to continually drive updates that increase profitable straight through processing.
• Ensure industry leading responsiveness to trading partners.
• Obtain senior level underwriting authority, assume responsibility for taking underwriting referrals for the team working closely with Practice Leader and CUO on complex referrals.

• With input and guidance from actuarial, the CUO and other peers, oversee and be accountable for the Corix business P&L and assumed volatility of the portfolio.
• Execution of product management strategies with underwriters and brokers to achieve profitable growth. In coordination with the Corix Leadership Team :
• Act as key lead in identifying and executing profitable expansion opportunities.
• Deliver rate and book mix in accordance with business plans and actuarial targets.
• Continually drive to the optimal portfolio make-up by leading changes to underwriting rules, pricing and underwriting guidelines.
• Develop and deliver a regular underwriting review forum (Underwriting M  / Q )
• Analyze reports to aid in portfolio underwriting, identify specific growth and loss drivers and make data-driven recommendations for portfolio improvement.

• Work with Business Development Manager on building and maintaining UW pipelines to feed workflow nationally.
• Maintain a strategic travel regimen for all UWs and provide quarterly marketing strategy to SVP, Corix and Head of Strategic Integration.
• Be visible nationally : be known by practice leads, be a visible voice on media, broker presentations, industry conferences, drive marketing and new business development with our brokers.
• Actively manage renewal workflows nationally and drive favorable outcomes on a proactive basis, deploying standardized tools, to secure maximum retention
• Oversee underwriting, pricing and negotiating of accounts to win new business and retain renewals, consistent with Hiscox underwriting guidelines and profitability targets. Engage on specific 'needle moving' accounts do secure new and renewal business.
• Develop new relationships within existing brokers and maintain existing relationships with the national broker base.

• Provide feedback to insurance innovation, CUO, product, actuarial, claims and marketing on ways to remove barriers to elevated performance or service and to drive increased value to our partners e.g. process tweaks / enhancements, marketing initiatives / results, product upgrades

• Eight or more years of insurance underwriting experience in multiple commercial P&C lines of business, management liability and / or cyber and E&O preferred
• 5 - 8 years of experience in a team lead role / managing a team of underwriters
• Proven track record of sale experience - working with brokers, developing and expanding a book of business;
  Exemplary sales skills which include pipeline, prospecting, negotiating, and closing.
• Strong portfolio management experience. Strong wholesale and retail broker relationships, preferred in tech and / or life sciences
• B.A. / B.S degree in…