At a Glance
- Tasks: Evaluate risks and exposures for new business and renewals in home insurance.
- Company: Join Plum Underwriting, a growing team dedicated to excellent service and innovation.
- Benefits: Enjoy a negotiable salary, bonuses, pension, holidays, and full funding for professional qualifications.
- Why this job: Be part of a passionate team focused on personal development and making an impact in the insurance industry.
- Qualifications: Leaving Certificate standard with minimum APA qualification; experience in household underwriting is essential.
- Other info: Opportunity for ongoing personal development and support for relevant qualifications.
The predicted salary is between 36000 - 60000 £ per year.
Find out exactly what skills, experience, and qualifications you will need to succeed in this role before applying below.
Location: Dublin
Salary: Negotiable
We're strengthening our team at Plum Underwriting and looking for a Trading Underwriter to join the team as we continue to grow. The role of the Trading Underwriter is to evaluate the risk and exposures of customers for new business, mid-term adjustments and renewals. Quoting, converting and retaining business to meet budget and underwriting performance targets for the range of specialist home insurance products throughout all Plum's distribution channels, ensuring Plum provides excellent service to its brokers at all times.
The day to day:
- Underwrite in accordance with the Plum Internal Underwriting Guide and the Underwriting authority awarded
- Trade with Brokers to maximise conversion and retention within your authority
- Monthly reporting to Line Manager
- Renewal/Existing and New Business Control
- Take underwriting referrals from other offices where outside individuals level of authority
- Understand/support and drive income, conversion and retention objectives
- Assist in the development of new & existing products
- Deal with incoming enquiries from clients, insurers and other third parties in a professional and timely manner
- To underwrite taking all necessary care to protect the interest of our capacity providers
What's on offer:
- A negotiable basic salary + bonus and all the normal benefits (Pension, Holidays etc.)
- A management team that is passionate about looking after their team and developing them
- Full funding for relevant professional qualifications and ongoing personal development
Your experience:
- Leaving Certificate standard
- Minimum APA qualification in insurance.
- Working towards CIP
- Proven track record in household underwriting within an MGA, insurance company or Lloyd's syndicate
- A varied skill set that includes strong Communication (both written and verbal), sales, negotiation, analytical and IT skills.
- Previous experience within an MGA business would be highly beneficial.
For more information please apply online or contact Dan Hurley.
Trading Underwriter employer: Brown & Brown
Contact Detail:
Brown & Brown Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trading Underwriter
✨Tip Number 1
Familiarise yourself with the specific underwriting guidelines and practices used by Plum Underwriting. Understanding their internal processes will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who have experience in household underwriting or work within an MGA. This can provide you with valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on the latest trends and changes in the insurance market, particularly in home insurance products. Being knowledgeable about current market conditions can set you apart during discussions with interviewers.
✨Tip Number 4
Prepare to discuss your previous experiences in underwriting, focusing on specific examples where you successfully managed risk and improved conversion rates. This will showcase your practical skills and achievements relevant to the role.
We think you need these skills to ace Trading Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Trading Underwriter. Familiarise yourself with the skills and qualifications required, such as the APA qualification in insurance and experience in household underwriting.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job description. Emphasise your communication, negotiation, and analytical skills, as well as any previous experience within an MGA or similar environment.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific examples from your past experience that demonstrate your ability to meet the objectives of the Trading Underwriter position.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in underwriting.
How to prepare for a job interview at Brown & Brown
✨Know Your Underwriting Basics
Make sure you brush up on your knowledge of underwriting principles, especially in relation to household insurance. Be prepared to discuss how you evaluate risks and exposures, as this will be a key part of the role.
✨Demonstrate Strong Communication Skills
Since the role involves trading with brokers and dealing with clients, showcasing your communication skills is essential. Prepare examples of how you've effectively communicated complex information in previous roles.
✨Showcase Your Analytical Abilities
Be ready to discuss your analytical skills and how you've used them in past underwriting scenarios. You might be asked to analyse a case study or provide insights into how you would approach risk assessment.
✨Prepare for Questions on Team Collaboration
The job requires working closely with a team and other departments. Think of examples where you've successfully collaborated with others to achieve common goals, and be ready to share these during the interview.