Product Manager – QBE Insurance

Primary Details
Time Type: Full time

Worker Type: Employee

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.

QBE Europe SA/NV is headquartered in Brussel and while we are international in our outlook, we are also proudly local in our operations. QBE’s European Operations, which accounts for over 27% of QBE Group turnover, is a leading specialist in London market and European commercial lines business. Active in both the Lloyd’s and company market, QBE offers considerable diversity to the broking community. We are a socially responsible company and give our customers the ability to invest a portion of their premiums in environmentally and socially beneficial projects.

With our comprehensive product offering and underwriting expertise, we are able to cover a wide range of business risks, helping our clients to identify them and minimise their exposure.

The opportunity

We are hiring our Europe Property Product Leader based in any of our European offices or London. This is an exciting opportunity to play an active role in shaping and supporting the strategy development of our Property Branch.

Your new role

UW Strategy and Business Plan

Alongside the Director of Underwriting and Portfolio Management – Europe, lead and execute Property underwriting strategy consistently across Europe and ensure the delivery of the Property annual business plan in alignment with overall Europe and EO Property strategy.
Responsible for the Property P&L across Europe, driving, shaping, and remediating the Property portfolio across Europe as required.
Ensure teams awareness of strategic direction of Property portfolio to achieve delivery of business objectives.
Recommend, implement, and manage the resources needed to deliver the Property plan in the most effective way.
Portfolio management, performance and reporting
In support of the Director of Underwriting and Portfolio Management – Europe, develop the Property portfolio in line with plan, risk appetite and European/EO Underwriting strategy across Europe.
Oversee the review and analysis of the Property 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 Property 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 Property leader for Europe and first point of referral for any cases that exceed the Portfolio Manager authority escalating up to the relevant EO Property 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 Property 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 Property .
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.
PeopleLead the UW Community for Property a