Casualty Placement Broker

The Role

CASUALTY PLACEMENT BROKER

The successful candidate will, in the main, be responsible for a book of corporate Casualty business and perform the following activities:

· Participate in new business sales and in Request for Proposals (RFP’s).

· Ensure exceptional service delivery aligned with corporate standards and client expectations.

· Be the strategic technical advisor on Liability insurance and other classes of Casualty cover, to clients and internal stakeholders.

· Contribute to the retention of the WTW client base by challenging the status quo and providing superior placement solutions.

· Participate in internal strategy and pre-renewal meetings to strategize on the renewal of the insurance portfolio.

· Analyze client risk profile, conduct a needs analysis, review the claims data, review uninsured risks and recommend tailored insurance solutions.

· Identify & select appropriate insurance Carriers based on a thorough understanding of local market cycles, appetite & capacity.

· Prepare and ensure accuracy of quote slips.

· Negotiate terms with insurers so that WTW have the very best terms, cover and structure for the client.

· Analyze and compare market quotes.

· Prepare renewal terms presentation with options taking care to note any conditions or subjectivities. Where required present renewal terms to the client and be able to explain and talk through the options and provide client with your recommendation.

· Bind cover with markets once client firm order is received.

· Collect / issue policy documentation and submit to clients within 30 days of inception / renewal.

· Contribute to process improvements and effective utilization of IT systems.

· Monitor claims and assist claims handler with contentious or repudiated claims.

· Ensure compliance with WTW standards & procedures and external compliance regulations.

· Must practice WTW Values ., Integrity, Respect, Excellence and Teamwork.