Head of Exposure Management

Hiscox

About The Position

Hiscox UK is a leading brand in the insurance market, recognised as setting the standards others try to emulate. We consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. We are known for insuring the homes of the rich and famous through to the most innovative technology companies. Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs. The UK Exposure Management team are a fundamental part of the Hiscox UK business driving analytics and business insight that drives the direction of portfolio management decisions. The UK Exposure Management team sits within a wider Portfolio Underwriting and Pricing function whose primary objective is to provide pricing and underwriting services across our UK retail business wait the aim of providing market leading risk selection and driving profitable growth across our portfolio. The team reports directly to the UK Chief Underwriting Officer and collaborates closely with the rest of Underwriting, Distribution, Operations, Marketing, Reserving and Finance. In this role you’ll be someone who loves stakeholder management and knowing the who’s who as you’ll be networking and talking to the wider business, including Group Exposure Management, Heads of Underwriting, and our Chief Underwriting Officer. You’ll be comfortable presenting on technical subjects and making real data driven decisions to shape the wider underwriting portfolio aligned with business objectives. As the Head of Exposure Management, you’ll be accountable for the reporting, monitoring and delivery of our exposure management strategy across a growing book of non-standard high net worth household, motor, SME commercial as well as specialty lines. The Head of Exposure Management plays a critical role supporting and influencing the strategic direction of the Hiscox UK portfolio as well as building exposure management capability and core skills within the UK business.

Requirements

A very experienced underwriter with at least 5 years’ experience and proven track record of successful underwriting
A proven track record of being able to use data analysis to drive underwriting decisions at a portfolio level
Numerate and confident in data analysis tools such as Excel
Strong analytical pragmatic reasoning skills and an aptitude for innovative problem solving
Experience of working closely with senior stakeholders and an ability to build strong working relationships
Excellent communication skills with ability to articulate the complex to technical and non-technical audiences
Deadline oriented, hardworking, curious, passionate, enthusiastic and a self-starter
Good understanding of Commercial Lines and/or Personal Lines insurance through various distribution channels

Nice To Haves

Seeking or attained relevant professional qualifications
Exposure/Catastrophe Research & Development skills
Previous experience of catastrophe modelling
Knowledge of Reinsurance structures, Capital Modelling and Risk.

Responsibilities

Working with the Head of Portfolio Underwriting and Pricing to design and embed a framework of regular operating rhythm for exposure management reporting, analysis and decision making.
Being accountable for the development and maintenance of data pipelines to enable us to easier and accurately monitor exposure across all of our UK products in a robust and repeatable manner. This will include setting the best practice of minimum data standards required across the UK portfolio and working with key stakeholders in underwriting, distribution and operations to ensure a consistent approach to understanding, measuring and recording our exposures is adhered to.
Ensuring the accurate completion of our internal and external reporting requirements, including but not limited to UK exposure rollups across property and non-property perils to group exposure management teams, provision of datasets for reinsurance renewals and provision of property aggregation reporting for capital teams.
Working with the wider UK business to understand the impact of business written on the shape of our portfolio. Providing analysis on the bets we are taking, allowing us to maximise profits for a given level of risk, or minimise risk for a given level of profits.
Ownership of a suite of UK specific realistic disaster scenarios (RDS’s) including documentation and calculation of their potential losses. Embedding a regular framework to ensure RDS’s are reviewed and remain up to date. Working closely with group teams to ensure these are reflected in our internal capital model.
Developing strong relationships with underwriting managers and product heads, understanding how the risks in their areas are evolving and measured. Being the key point of contact in the UK for exposure management. Acting as the gateway into group and other exposure management teams to understand the wider strategy and priorities for exposure management and translating these into a business unit specific approach and strategy.
You will need to have exceptional communication and organisational skills and be comfortable in juggling conflicting priorities between senior stakeholders, building a strong relationship with them to enable you to influence and manage their expectations
Deputise for the Head of Portfolio Underwriting and Pricing within the team where required, including representation of the wider portfolio underwriting and pricing team in meetings with senior managers.

Stand Out From the Crowd

Upload your resume and get instant feedback on how well it matches this job.

Upload and Match Resume