Underwriter

Company Overview

Canopius is a global specialty lines (re)insurer operating across multiple regions including Singapore, the UK, US, and Bermuda. Privately owned and backed by private equity, Canopius offers an independent view of risk through diverse underwriting platforms.

Job Summary

Executes new and renewal underwriting by selecting risks aligned with Canopius’ strategy and guidelines, operating within authority and documentation standards.

Responsibilities

Contributes to plans for the book of business, tracks and reports performance to plan, and develops a clear view of market conditions and competitive landscape.

Maintain trusted relationships with intermediary partners.

Evaluates the performance of intermediary partners in production of business.

Monitors and communicates production, hit ratios, renewal retention ratios, spread of risk and other production and quality measures.

Prices business in accordance with pricing and underwriting strategy.

Reviews data proactively as a method to identify new opportunities within the underwriting function.

Monitors resources regularly for changes in laws and market conditions that will impact the underwriting department and procedures.

Skills

Apply underwriting strategy to select and price risks effectively within authority limits

Utilize insurance knowledge to assess risk and support underwriting decisions

Conduct pricing and risk selection to align with business objectives

Negotiate with stakeholders to secure favorable terms and maintain strong partnerships

Engage stakeholders to foster collaboration and trust

Analyze and review data to guide underwriting strategy and identify opportunities

Ensure regulatory compliance by monitoring relevant legal and market changes

Manage underwriting portfolio to balance risk and return

Develop and implement product distribution strategies to optimize market reach