Senior Underwriter, Property (r1255), Toronto

Last update 2024-02-21
Expires 2024-02-20
ID #2014354396
Senior Underwriter, Property (r1255), Toronto
Canada, Ontario, Toronto,
Modified February 2, 2024


Sompo Canada Services Corp.

is a wholly-owned subsidiary of Sompo International Holdings Ltd., a wholly-owned subsidiary of Sompo Japan Insurance Inc., and is a member of the Sompo Holdings, Inc.

(Sompo) group of companies.

Sompo is a financial services holding company organized under the laws of Japan whose shares are listed on the Tokyo Stock Exchange.

Sompo, through various operating subsidiaries, is one of the largest property and casualty insurance groups in the Japanese domestic market.

In addition, Sompo is engaged in the provision of insurance services as well as other related services through its global network of businesses operating in 32 countries around the world.

Sompo International is the trade name for the global specialty property and casualty insurance and reinsurance operations of Sompo outside of Japan.

In Canada, Sompo International is the brand under which Sompo Japan Insurance Inc.

Canada Branch operates its Canadian insurance business.

That trade name is also used by our other offices in Bermuda, the United States, the United Kingdom, Continental Europe, and Asia.

Sompo International underwrites agriculture, professional lines, property, marine and energy, and casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk and specialty lines of reinsurance.

As a leading global provider of insurance and reinsurance, we recognize that our success is derived directly from those who matter most: our people.

At Sompo International, a shared commitment to integrity, teamwork, agility, execution, and excellence define our culture, and we strive to create exceptional value for our clients and shareholders and maintain Sompo International as a desirable place to work.

Join us as we expand our Canadian insurance business! Help build the best commercial underwriting team in Canada.

Join an organization where our people have the opportunity to be their best and provide clients with innovative solutions to help support their growth.

We are seeking a Senior Underwriter, Property for our Sompo International Canadian team in our Toronto, Ontario office.

This position will support our Canadian Domestic platform.

Job Summary: As a Property Underwriter, you will play a critical role in evaluating and analyzing property insurance risks for a wide range of clients in Canada.

You will assess risk factors, determine coverage and pricing, and collaborate with other stakeholders to develop and implement underwriting strategies that align with the company's goals and guidelines.

Duties and Responsibilities: Evaluate and underwrite property insurance risks, including conducting risk assessments, analyzing data, reviewing applications, and determining coverage and pricing.

Collaborate with brokers and clients to gather information, clarify requirements, and negotiate terms and conditions.

Develop and maintain relationships with clients, brokers, and other stakeholders to drive new business opportunities and build a strong book of business.

Provide technical expertise and guidance to junior underwriters, including reviewing their work, providing feedback, and mentoring to ensure quality underwriting decisions.

Stay updated with industry trends, regulatory changes, and market conditions to identify potential risks and opportunities.

Participate in market analysis, including competitor analysis, rate monitoring, and identifying potential market niches.

Collaborate with cross-functional teams, such as claims, risk engineering, and legal, to assess and manage risks, resolve issues, and optimize business outcomes.

Provide excellent customer service by promptly responding to inquiries, addressing concerns, and resolving issues in a professional and timely manner.

Contribute to the achievement of business targets, including premium growth, profitability, and customer satisfaction.

Participate in training, professional development, and knowledge-sharing activities to stay updated with industry best practices and enhance underwriting skills.

Qualifications include: Bachelor’s Degree or relevant work experience.

5-7 years of experience in property underwriting, preferably in the Canadian market.

Professional designations, such as Chartered Insurance Professional (CIP), Fellow Chartered Insurance Professional (FCIP), CRM, would be an asset Knowledge of property insurance products, coverages, underwriting guidelines, and risk assessment techniques.

Ability to analyze data, interpret financial statements, and utilize underwriting tools and software.

Excellent communication skills, both written and verbal, with the ability to interact effectively with clients, brokers, and internal stakeholders.

Strong negotiation skills with the ability to balance profitability and risk management.

Ability to work independently and collaboratively in a fast-paced environment with changing priorities.

Knowledge of Canadian insurance regulations and market trends.

Ability to travel as required French language is an asset This job description outlines the general nature and level of work performed by individuals assigned to this position.

It does not restrict the management's right to assign or reassign duties and responsibilities to this job at any time.

Sompo International offers a competitive salary, comprehensive benefits package, and opportunities for professional growth and development.

Sompo International is committed to employment practices, including recruitment and hiring practices, that are inclusive and accessible.

Accommodations for individuals with disabilities are available.

Should you require accommodation, please contact human resources at

Visit our website at

Job details:

Job type: Full time
Contract type: Permanent
Salary type: Monthly
Occupation: Senior underwriter, property (r1255)

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