Underwriting Manager (Admiral Insurance Gibraltar Limited)

Based in Gibraltar 

Admiral Insurance (Gibraltar) Limited (AIGL) is part of the Admiral Group, a FTSE100 financial services group with over 9 million customers, turnover of >£3.5bn and >10,000 employees. AIGL is the Group's largest insurance entity by premium written, underwriting motor, household, travel and other lines of UK business. We are recruiting talented and driven individuals to grow our presence in Gibraltar.  Admiral values diversity and flexibility and seeks to create an inclusive, fun and enabling environment at work.

The Underwriting Manager role will offer a varied and multi-dimensional perspective on both AIGL and the wider Admiral Group working closely with stakeholders at the Group Head Office in the UK. The role will evolve over time and the successful candidate will be expected to engage in the following areas:

• Work alongside the UK Chief Underwriting Officer to develop reporting for the AIGL Board to monitor the progress and performance of UK insurance business. To include:

• Variations on policy terms for all products
• Pricing rate changes or changes in risk selection
• Targeted market segments/ market pricing changes
• Changes to portfolio/ business mix
• Updates on responses to external legislative change (e.g. FCA pricing reform)

• Provide commercial review of existing product lines with periodic thematic deep dives to understand business drivers
• Provide input to and help optimise current structures in place with distribution intermediaries and consider effects on other stakeholders in the value chain (reinsurers, regulators etc)
• Work alongside the actuarial reserving team to review, challenge and optimise management best estimate loss ratios based on latest claims and pricing data
• Analyse and provide recommendations to senior management on monthly underwriting and other distribution trends
• Review and challenge new product proposals and new ventures that AIGL may consider to underwrite
• Contribute to and support business planning processes, including delivery of the AIGL business plan to the Board in line with the Group business planning timetable

Skills

• Deep experience of UK motor
• Experience of liaising with stakeholders in multiple jurisdictions
• Curious, self-motivated and able to constructively challenge existing paradigms within the context of supportive and outcome focussed team
• Writing reports and presenting to senior management committees
• Exposure to, and an appreciation of, actuarial pricing models and techniques – ability to challenge and improve pricing fundamentals from a commercial perspective. A “fresh pair of eyes”.
• Knowledge and application of GFSC and FCA (UK) regulatory and conduct environment
• Member of Chartered Insurance institute desirable

Our Commitment to You

At Admiral, we are committed to being a diverse and inclusive workplace. Admiral is proud to be an equal opportunities employer and does not discriminate on the basis of race, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), national origin, gender, gender identity, sexual orientation, disability, age, or any other legally protected status.

All qualified applicants will receive equal consideration for employment.

Salary, Benefits and Work-Life Balance

We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we’re consistently voted one of the Sunday Times Best Big Companies to Work For in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.

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