Motor Underwriting Manager

Company Description/ Business Unit

Location: Remote
Employment Type: Full time / Permanent
Additional Benefits: Annual Bonus, Cash-Car Allowance & Private Medical Insurance
Business Area/Function: AA Technical Solutions / Pricing & Underwriting
Application Closing Date: Tuesday 17^th September 2024

Thought The AA only provide roadside assistance? Think again.

For over 100 years, we’ve continued to evolve and adapt. Today, as the nation’s number one motoring organisation, we offer a range of excellent products and services to millions of customers from roadside assistance to home and motor insurance as well as providing the latest driving technologies. As we continue to expand, diversify, and modernise, joining us as our Motor Underwriting Manager, you’ll play a key part to our success and join us on this exciting motoring journey.

This is the job

Join our team as our Motor Underwriting Manager, where you will oversee the technical underwriting of AA Motor products. Your role will involve shaping the underwriting footprint, providing expert insights for product reviews, and identifying new opportunities. You will also play a crucial role in making decisions on complex claims and underwriting referrals related to the Personal Motor book.

What will I be doing?

• Collaborate with the Pricing team and Head of Underwriting to drive the profitable growth of AA UICL Motor products by developing underwriting strategies, risk appetites, and managing relationships with the AA broker (AAISL).
• Identify opportunities to optimise Motor product performance through underwriting expertise, market knowledge, and data analysis.
• Assist the Heads of Underwriting and Pricing in creating and delivering the business plan for the Motor book.
• Develop and maintain advanced enrichment and underwriting controls.
• Expand our motor footprint into niche market areas with higher average premiums.
• Create anti-theft underwriting rules and theft prevention propositions.
• Collaborate with the Head of Underwriting to understand and plan for new and emerging risks, and develop appropriate strategies.
• Oversee the implementation, development, and profitability of ancillary products, providing internal and external performance reports.
• Conduct regular product value reviews to ensure our products offer excellent value to customers.
• Provide expert technical input into policy wordings, POS documentation, and product specifications.
• Monitor and ensure the accuracy of rate releases following underwriting changes.
• Support the development and expansion of future telematics schemes and our connected car strategy.
• Oversee the Underwriting and Claims referral process, collaborating with the Claims and Counter-Fraud teams to address areas of concern proactively.
• Conduct competitor analysis, considering past market trends and potential future scenarios.
• Train and develop junior members of the underwriting team, and facilitate cross-training within the broader insurance functions.

What do I need?

Capability, Knowledge and Experience:

• Extensive motor underwriting experience with an insurer or MGA
• Strong commercial awareness and excellent understanding of risk
• Expert knowledge of the motor insurance market, including legal and regulatory aspects
• In-depth knowledge of vehicle characteristics and technology
• Proven experience in creating and developing Car and Van (non-fleet) products
• Extensive experience handling complex technical referrals, including FOS cases
• Demonstrated ability to communicate complex issues to business management

Education and Qualifications:

• Industry qualification such as ACII is preferred, but not mandatory for candidates with extensive senior underwriting experience.

Additional information

We’re always looking to recognise and reward our employees for the work they do. As a valued member of The AA team, you’ll have access to a range of benefits including:

• 25 days annual leave plus bank holidays + holiday buying scheme
• Worksave pension scheme with up to 7% employer contribution
• Free AA breakdown membership from Day 1 plus 50% discount for family and friends
• Discounts on AA products including car and home insurance
• Employee discount scheme that gives you access to a car salary sacrifice scheme plus great discounts on healthcare, shopping, holidays and more
• Company funded life assurance
• Diverse learning and development opportunities to support you to progress in your career
• Dedicated Employee Assistance Programme and a 24/7 remote GP service for you and your family

Plus, so much more!

We’re an equal opportunities employer and welcome applications from everyone. The AA values diversity and the difference this brings to our culture and our customers. We actively seek people from diverse backgrounds to join us and become part of an inclusive company where you can be yourself, be empowered to be your best and feel like you truly belong. We have five communities to bring together people with shared characteristics and backgrounds and drive positive change.