At a Glance
- Tasks: Underwrite and manage Professional Indemnity risks while building strong broker relationships.
- Company: Join a forward-thinking insurance company dedicated to making a difference in the industry.
- Benefits: Enjoy opportunities for growth, flexible working, and a supportive team culture.
- Why this job: Shape the future of insurance while developing your skills in a dynamic environment.
- Qualifications: A reasonable education standard and experience in professional indemnity are essential.
- Other info: This role is based in London; applicants must have the right to work in the UK.
The predicted salary is between 36000 - 60000 £ per year.
INTL Underwriter I – UW08YY
We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.
We are seeking a dynamic and commercially astute Professional Indemnity Underwriter to join our London-based team. This role will focus on underwriting new and renewal PI business across a diverse portfolio, including Open Market and Delegated Authority risks, with exposure to both UK, International and US markets.
Job Responsibilities:
• Underwrite and manage a portfolio of Professional Indemnity risks in accordance with The Hartford’s underwriting guidelines and risk appetite.
• Evaluate submissions, conduct risk assessments, and determine appropriate pricing, terms, and conditions.
• Develop and maintain strong broker relationships, particularly within the Lloyd’s and London Market.
• Collaborate with internal stakeholders including claims, actuarial, and legal to ensure holistic risk evaluation.
• Contributes to the development of underwriting strategies and product innovation.
• Support the Head of Professional Indemnity in reviewing complex or non-standard risks.
• Maintain awareness of market trends, legal developments, and emerging risks affecting the PI landscape.
Qualifications & Capabilities:
• Reasonable standard of education
• Knowledge of general insurance and its underlying principles
• Willingness to continue to develop knowledge of Insurance and related issues through form and informal learning
• Ability to develop and sustain relationships with internal and external customers
• Ability to prioritise and organise workload
• Attention to detail
• Team player with ability to work on a stand-alone basis
• Flexible
• Experience of identifying and implementing better processes Excellent communication and negotiation skills.
Experience:
• Demonstrable experience within professional indemnity, ideally within the Lloyd’s or London Market.
• Strong technical knowledge of PI wordings, risk assessment, and pricing methodologies.
• Experience with both Open Market and Delegated Authority business (Binders, Line-slips).
• Dip CII or progress toward ACII preferred.
This role will be based in London, UK and you are required to have the necessary right to work details prior to application.
About Us |Our Culture |What It’s Like to Work Here
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Underwriter - Professional Indemnity employer: The Hartford
Contact Detail:
The Hartford Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Professional Indemnity
✨Tip Number 1
Familiarise yourself with the latest trends and developments in the Professional Indemnity insurance sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals already working in the Lloyd’s and London Market. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into the role and company culture.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed Professional Indemnity risks in the past. Highlight your experience with Open Market and Delegated Authority business to showcase your expertise.
✨Tip Number 4
Demonstrate your ability to build strong relationships by preparing to talk about your previous experiences with brokers and internal stakeholders. Emphasising your communication and negotiation skills will set you apart from other candidates.
We think you need these skills to ace Underwriter - Professional Indemnity
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and qualifications required for the Underwriter - Professional Indemnity position. Familiarise yourself with the key aspects of underwriting, particularly in relation to Professional Indemnity risks.
Tailor Your CV: Customise your CV to highlight relevant experience in professional indemnity and your understanding of the Lloyd’s and London Market. Emphasise your technical knowledge of PI wordings, risk assessment, and pricing methodologies.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific experiences that demonstrate your ability to develop broker relationships and your commitment to continuous learning in the insurance field.
Highlight Relevant Skills: In your application, be sure to highlight skills such as attention to detail, communication, negotiation, and your ability to work both independently and as part of a team. These are crucial for the Underwriter role and should be evident in your written application.
How to prepare for a job interview at The Hartford
✨Know Your Underwriting Basics
Make sure you have a solid understanding of professional indemnity insurance and its principles. Brush up on key terms, risk assessment techniques, and pricing methodologies to demonstrate your expertise during the interview.
✨Showcase Your Relationship-Building Skills
Since developing strong broker relationships is crucial for this role, prepare examples of how you've successfully built and maintained professional relationships in the past. Highlight your communication and negotiation skills.
✨Stay Updated on Market Trends
Familiarise yourself with current trends and emerging risks in the professional indemnity landscape. Being able to discuss recent developments will show your commitment to the industry and your proactive approach to underwriting.
✨Prepare for Technical Questions
Expect questions that test your technical knowledge of PI wordings and risk assessment. Be ready to discuss specific cases or scenarios where you had to evaluate risks and make decisions based on underwriting guidelines.