Chief Underwriting Officer, Latam
Title : Chief Underwriting Officer, Latam
Company : Everest Insurance Chile
Job Category : Underwriting
Job Description : Everest Insurance, the specialty insurance division of Everest Group, Ltd. is seeking a Chief Underwriting Officer for its Latin American (Latam) Operations based in the region. As a member of the Latam Executive leadership team ultimately reporting to the International Chief Underwriting Officer and to the Regional Heads of Latam, you will play a vital role with Everest Insurance on our journey as a world‑class underwriting organisation. The Chief Underwriting Officer is responsible for driving underwriting excellence, including general underwriting policy and underwriting management best practices, in line with International Chief Underwriting Officer requirements into the Latam region, adapting where necessary based on local requirements. This includes advancing underwriting profitability, governance, risk management, product and pricing strategies, adoption of new tools, data and analytics and empowering our underwriters to make informed underwriting decisions within that framework. As a leader within the organisation, this individual will help shape the overall direction of the business, identify growth opportunities, innovate our product set, anticipate and react to market trends, and drive profitability across the portfolio.
Corporate Underwriting :
- Drive definition of risk appetite statements per LoB / key portfolio in line with financial plans – in close collaboration with Finance and market UW teams (UW strategy)
- Translate risk appetite into underwriting guidelines (jointly with LoB leadership and International Corporate UW)
- Maintain local UW authority framework
- Manage processes for UW referrals
Underwriting Operations :
Integrate approved peer review processes through LatamProvide ad hoc support for Group and regulatory inquiries, implementation of new regulatory requirementsWorking with International Product Counsel, establish wording standards, wording database, and processes for manuscriptingEnsure the Risk Management framework is embedded into the underwriting function and that all underwriting controls are designed and operating effectivelyCeded Re :
Support International requirements to monitor reinsurance treaties in collaboration with Everest Insurance International (EII) and LoB leads, as required to support regional financial planDefine and maintain processes for Facultative Reinsurance purchases in line with International processes, in close alignment with LoBs, Claims and FinanceTrack Facultative Reinsurance, and provide Reinsurance data support to LoB and Pricing teamsLearning and Development :
Build underwriting community across markets, around LoB and key themes – as a means for promoting best practices, mutual knowledge sharing and expert support across marketsDefine key UW competency and development with LOB leaders and country leadersBuild and maintain processes for UW skills assessment, aligned with cascading of UW authorityDesign appropriate L&D offers to drive skill development and UW community buildingActuarial Pricing :
Work with EII Head of Pricing to ensure technical pricing models for all LoBs are fit for purpose throughout Latam including regular calibrationSupport processes for monitoring of pricing adequacy, rate (exposure and pricing) including regular reporting and deep dive analysesAdvance use of new (external) data sources to drive pricing sophisticationCat & Exposure Modelling :
In conjunction with Exposure Management and Underwriting ensure support provided for Global Cat Monitoring and event responsesSupport advancement of accumulation analyses, building new and robust approachesPortfolio Management :
Lead portfolio and technical underwriting reviews as per annual plan, working with senior LoB underwriters for expert inputMaintain standard portfolio performance reporting, in close alignment with underwriting leadership, based on finance and pricing reportsCoordinate annual financial planning process with underwriting management, working with Finance, LoB teams and PricingDrive targeted insights into portfolio trends, working with Pricing team, to help identify potential adverse developmentsAd hoc portfolio analyses for LoB leadersWork with LoB leaders on action plans for underperforming portfolios, as neededChair relevant legal entity committees to ensure that underwriting activities, objectives and controls are being metProvide regular underwriting reports to the Latam BoardsQualifications and Experience :
15+ years of insurance underwriting and related experienceBroad knowledge of P&C and Financial Lines underwritingAbility to operate in a dynamic and high paced environment with a sense of urgencyAdaptable and able to manage competing prioritiesStrong problem‑solving analytical skillsGrowth mindset, desire to both learn and teachAbility#J-18808-Ljbffr