European Professional Indemnity Product Manager

Primary Details Time Type: Full time

Worker Type: Employee

At QBE At QBE, our purpose is to enable a more resilient future. Are you passionate about working for one of the world's largest insurers that offers excellent opportunities to grow your career and with offices in 28 countries? Leveraging our deep expertise and insights, QBE offers commercial, personal and specialty products and risk management solutions to help people and businesses manage risks. Today, we employ more than 12,000 people around the world.

The opportunity We are creating a new position as Product Manager Europe Professional Indemnity based in any of our European offices. This is an exciting opportunity to play an active role in shaping and supporting the strategy development of our Professional Indemnity (PI) Branch.

Your new role UW Strategy and Business Plan Alongside the Director of Underwriting and Portfolio Management - Europe, lead and execute PI underwriting strategy consistently across Europe and ensure the delivery of the PI annual business plan in alignment with overall Europe and EO PI strategy. Responsible for the PI P&L across Europe, driving, shaping, and remediating the PI portfolio across Europe as required. Ensure teams awareness of strategic direction of PI portfolio to achieve delivery of business objectives. Recommend, implement, and manage the resources needed to deliver the PI plan in the most effective way. Portfolio management, performance and reporting In support of the Director of Underwriting and Portfolio Management - Europe, develop the PI portfolio in line with plan, risk appetite and European/EO Underwriting strategy across Europe. Oversee the review and analysis of the PI portfolio across Europe. Monitor and report on the progress against business plan, identifying deviations, recommending, and implementing remedial action, to achieve business objectives. Monitor and report on the progress against business plan, identifying deviations, recommending, and implementing remedial action, in order to achieve business objectives. Review and drive actions arising from reports that:
Regularly monitor the performance of the portfolio gross and net of reinsurance. Monitor performance against the business plan. Comply with exception reporting criteria as required. Audit the underwriting performance against QBE underwriting standards. Work closely with Insurance Operations to ensure an appropriate recording and measurement of insurance risks for the PI Portfolio, including DUA's where relevant, driving data accuracy and good practice. Recommend systems and reports to ensure the book of business is managed efficiently and effectively. Technical expertise Act as technical PI leader for Europe and first point of referral for any cases that exceed the country UW Manager authority escalating up to the relevant EO PI Leader, where appropriate, maintaining the specialist technical focus. Refer to Director of Underwriting and Portfolio Management – Europe for input into commercially based decisions only. Alongside EO Products Leads, agree and communicate appropriate Risk appetites for the owned line of business ensuring that portfolio teams operate within those limits. Alongside EO Products Leads, agree and communicate establish aggregate limits and govern activity within these limits for the PI line. In conjunction with the countries' P&L owner, ensure sound underwriting decisions within the product portfolio are being made, considering all risks to ensure progress toward business plan objectives. Contribute to the aggregate management and peer review processes to encourage and develop excellence. Demonstrate understanding and awareness of market dynamics and market cycle to drive and enhance business performance. Reinsurance Understand and comply with any reinsurance requirements to minimize risk and to deliver to business plan objectives. Apply the Reinsurance strategy affecting portfolio(s). Manage the effective purchase of facultative reinsurance across Europe for PI. Compliance Accountable for the compliance of QBE EO's underwriting framework for the Portfolios or business unit under their control in order that all activities (including complex underwriting):
Comply with all legal and regulatory requirements to ensure objectives are met. Adhere to underwriting standards and good practice to minimize risks and maximize efficiency. Meet all reporting requirements. Enable the identification, measurement, and effective management of insurance risks. Ensure compliance with QBE Underwriting Authority by all staff in the department. Stakeholder Management Establish and strengthen strong relationships with key internal stakeholders including CUO functions business partners, reinsurers, and colleagues, to maximize influence, promote the interests of QBE Europe and their portfolio(s) and achieve business outcomes. In conjunction with European Head of Market Management and its in-country homologues, establish and strengthen excellent relationships with key external stakeholders including customers, brokers and industry bodies as appropriate for their Product line. Represent QBE's interests, as requested, with internal and external groups, and through participation in industry forums and corporate activity to safeguard or enhance QBE's market position and maximise brand leverage. People Lead the UW Community for PI across Europe. Motivate and develop the team by demonstrating good leadership behaviors and management best practice to support the achievement of business goals. Continually develop Product underwriting expertise and technical knowledge through identifying and implementing appropriate development activities. Work with the Country Underwriting Managers to provide direction and support when developing the team, so as to ensure that people are available and aligned with business needs. Establish clear accountabilities and authority levels for team and build a strong culture of accountability and performance to ensure delivery of goals. About you Experience in PI Underwriting. Strong Leadership skills to lead UW Community. Experience in delivering strategic and change insurance solutions to clients who require the pooling of a broad base of technical expertise. Knowledge of how to operate in a matrix management environment where active listening and influencing skills are required. Strong background in being able to influence & develop new opportunities. Strong ability in managing relationships at senior Executive & leadership level, creating not only positive influence but clear value return to the business. Strategic thinking, analytic and structured mind. Written and oral communication with excellent interpersonal skills and ability to influence at all levels of the organisation. Ability to manage competing and changing priorities showing adaptability in a dynamic environment. Ability to operate across functions, and numerous locations/territories. Team player, results-driven and "can do" attitude. Why QBE? At My Best At QBE, we want our people to feel rewarded and inspired to perform at their best, that's why we have created "At My Best". It's our connection, our way of showing we have your back. We understand that one size doesn't fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It's in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA - because we know it's not just what we do that matters, it's how we do it that makes the difference. In addition to this, we also offer flexible parental leave for both parents and have several employee network groups that support and empower our diverse workforce.

At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today's workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation. #LI-Hybrid

How to Apply To submit your application, click "Apply" and follow the step-by-step process.

Equal Employment Opportunity QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

Awards British Claims Awards 2022 Winner - InsurTech Award Insurance Times Claims Excellence Awards 2022 Winner - Claims Product Solution of the Year Working Families Best Practice Awards 2021 Finalist for: Best COVID-19 Response Insurance Post British Insurance Awards 2022 Shortlisted for: Best Customer Care, Diversity & Inclusion Initiative of the Year 2022, Specialist Insurer of the Year (for Construction), General Insurer of the Year


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