JOB PURPOSE / ROLE
You will be expected to build up a profitable and sustainable Entertainment portfolio in the Mediterranean Region focusing on Benlux / NL and supporting FR / ES / IT.
You will underwrite profitable new and renewal business of the Entertainment Line of Business offering Film / TV / Commercials, Live and Contingency insurance products and will be responsible for the negotiation of participation, pricing, terms and conditions.
In addition to that, you will develop and maintain strong relationships with brokers and clients. Furthermore, you will be supporting global Entertainment UW team and global expansion activities.
Future challenges : Building up profitable and sustainable Entertainment portfolio in Med Region focus Benelux / NL and supporting FR / ES / IT
Support the development of wordings / guidelines together with CUO.
Underwrite Profitable business
Underwrite Film / TV / Commercials, Live and Contingency new and renewal risks to meet top and bottom line targets (local and / or regional)
Ownership of accounts / clients, Underwrite International Insurance Programs
Specialized technical expertise / lead for multiple sub-LoBs
Proactively manage capacity
Ensure and understand accumulation control / modeling, catastrophe modeling and interpretation of scenarios if applicable.
Underwriting Approach and Compliance
Underwrite governance framework (Underwriting Authorities, Underwriting Guidelines, Rules, Principles)
Ensure contract certainty is achieved on all accounts at time of inception
Ensure utilization of global pricing tools
Ensure placing and binding of FAC Reinsurance prior to policy inception
Development of local wordings & guidelines and contribute to development of global product enhancements
Policy Documentation and Administration
Ensure accurate policy documentation issued to broker
File maintenance ensure file is established and maintained for each risk and transaction handled
Proactively support completion of policy administration and credit control processes
Underwriting Strategy & Leadership
Development and execution of regional Underwriting strategy
Contribute to development and execution of global ##Entertainment strategy
Proactively drive acquisition of new business and retention of existing business
Proactively liaise with MMC on market management initiatives
Positively represent AGCS externally to the market
Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations
KEY REQUIREMENTS / SKILLS / EXPERIENCE
Required experience :
Significant experience in Underwriting profitable business in LoB. Specialized expert understanding of multiple sub-LoB products and portfolio
Demonstrable, established relationships with brokers at peer group level and well established within market
Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements
Good understanding of legal and regulatory framework
Experience working in complex, global matrix organization
Required education :
Preferably a degree in Economics, Law, or other appropriate discipline
Preferably Completion of professional insurance qualification (e.g. CII)
Technical Skills :
Risk Assessment and Management : Ability to assess risk inherent exposures and natural hazards relevant to LoB
Pricing and Market mgt : Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
Contract Drafting and Interpretation : Design, develop and implement consistent, robust wordings
Policy Management : Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
General Skills :
Communication & Presentation : Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story
Influencing skills : Ability to persuade and motivate others to act, without executive authority
Analytical Skills : Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
Local language (fluent - able to negotiate)
English (fluent - able to negotiate)
AGCS is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients’ needs.