About N2G Worldwide Insurance Services, LLC
N2G is a joint venture created by two insurance powerhouses: Nationwide Mutual Insurance Company (Nationwide), one of the largest insurance and financial services companies in the U.S., and Generali Global Corporate and Commercial (Generali), a top global insurance company based in Italy.
At N2G, the combination of Nationwide and Generali provides worldwide insurance protection, raised to the power of two:
The power of an exceptionally broad portfolio of products
The power of strong partnerships with brokers and agents to identify, solve, and prioritize global risks for their clients
The power of Nationwide’s strong U.S.-based brand recognition and distribution, combined with Generali’s footprint as a global insurer across a large, 160-country network.
N2G delivers strong underwriting expertise uniquely synergized for domestic and foreign exposures, with seamless services and global capabilities.
Position Overview
Supporting the creation, improvement and implementation of Technical Underwriting initiatives and their tools and strategies to optimize the profitability of the N2G portfolio.
The role´s holder is also responsible for the communication, alignment and teamwork between the Nationwide and the Generali GC&C’s TechEx Team and N2G.
Responsible for promoting the Portfolio Management discipline and Technical Excellence culture.
This Position Is Responsible For
Portfolio Management (PM) Process
• Support and ensure the local portfolio tiering through the portfolio assessment and classification in full alignment with N2G strategy.
• Assure the Portfolio Strategy Statement execution and actively contribute to it.
• Assure the renewal portfolio targets setting process in terms of effective rate change and retention rate, both on a bucket level and on an individual level.
• Ensuring the timely and quality execution of the quarterly portfolio tracking process by:
Managing and controlling the tools available to carry it out,
Following up the execution of planned portfolio management actions to improve portfolio performance and achieve targets,
Systematically reviewing and using the portfolio management dashboard to understand portfolio performance and its deviations from plan.
PM framework facilitation
• Promoting the use of the portfolio management dashboard in the Country / Region and provide training to local team members on its usage and management.
• Organizing, coordinating and leading the quarterly Portfolio Management Meetings (PMM) to review portfolio performance versus plan with local and central teams’ members.
Normalized Loss Ratio (NLR)
• Support the Technical Underwriting Central Teams at Generali and Nationwide to successfully carry out the Normalized Loss Ratio evaluation process in coordination with the relevant local stakeholders, e.g. UW, Claims, Risk, Actuarial, etc.
Technical Pricing related activities
• Analyze Technical Underwriting reports related to Technical Pricing, e.g. APTP Report, UWWB Usage Statistics, etc.; discuss them with the Underwriting Community and timely address errors or APTP outliers in the pricing tools.
• Review pricing framework, contribute to its improvement by ensuring timely feedback is provided to continuously improve pricing tools and techniques.
• Support the regional UW team by carrying out pricing related tasks, e.g. case pricing support with coordination and alignment with the Technical Underwriting Central Teams.
Experience And Skill Requirements
• Bachelor’s degree required
• Preferred majors: risk management and insurance, economics, business, finance, accounting, mathematics
• Deep understanding on rate making and pricing
• Experience in portfolio management for property and casualty lines
• Experience in the Corporate & Commercial channel
• Excellent verbal and written communication skills
• Excellent interpersonal and diplomatic communication skills
• Excellent digital skills including Excel and BI tools
• Self-motivated, independent, and proactive
• Effective time management and organizational skills
• Lateral thinker with a creative and inventive approach to problems and issues
• Understanding of foreign language(s) is a plus