Continuity in an uncertain world

People

Case Study - Joe Sweeting

A typical day

Time	Job	Description
08.00 – 09.00	Preparation	“I begin by reviewing tasks for the day. These can include: Risks to underwrite and review Recent emails regarding new or existing accounts Preparation for client and internal meetings Internal peer review risks”
09.00 – 10.00	Internal meeting	“Various internal meetings take place throughout the morning. These include: Departmental meetings Claims meetings Monitoring meetings Reserving meetings”
10.00 – 10.30	Internal Risk Review	“We undertake a review of risks underwritten by other members of the team and risks of other underwriting teams”
10.30 – 12.00	Underwriting	“Underwriting is the focus. Risks must be reviewed and analysed to assess our appetite for writing such risks. Complex mathematical model usage is combined with risk component analysis, market knowledge and contract negotiation when assessing any potential risk.”
12.00 – 13.00	Lloyd’s Box	“The Lloyd’s Box is the peak of the underwriting process. Here, face-to-face negotiations take place and decisions about risks are made.”
13.00 – 14.30	Client lunch	“I often meet with new or existing clients over lunch to discuss their business, understand their risks and review their insurance needs.”
14.30 – 15.00	Preparation for client meeting	“I review insurance submissions presented by clients, note points of interest, potential questions and review past experience.”
15.00 – 17.00	Lloyd’s Box	“In the afternoon, I return to the box for more negotiations and risk presentations from Lloyd’s Brokers.”
17.00 – 17.30	Underwriting back-up functions	“Back-up functions include entering Risk Information onto Amlin’s electronic systems, writing up meeting notes, audit and trip planning.”
17.30 – 18.00	Project work	“This involves working on areas which aid or enhance the underwriting process and include: Reinsurance buying Internal performance review presentation Report development and model enhancement Market analysis”