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- Tasks: Lead underwriting strategy and develop innovative insurance products for professional indemnity.
- Company: Join a leading insurance firm making waves in the UK market.
- Benefits: Enjoy a competitive salary, professional development opportunities, and a dynamic work environment.
- Why this job: Be part of a team shaping the future of insurance while making a real impact.
- Qualifications: 5-8 years in Development Underwriting with a degree or equivalent experience required.
- Other info: This is a 12-month contract role based in London.
The predicted salary is between 84000 - 196000 £ per year.
Job Title: Senior Professional Indemnity Development Underwriter - 12 month contract
Salary: £140,000
Location: London
Industry: Insurance
Purpose of role:
- Support the Head of Professional Indemnity in developing strategy, setting underwriting guidelines, product development, handling underwriter referrals, broker and underwriter education, and keeping up to date with market and legislative changes or developments on a 12 month term.
- Provide efficient and accurate case by case underwriting decisions in line with strategy and operational plans.
- Assist in the design and development of innovative solutions to create new and improve existing products (e.g. policy wordings, new products) to ensure they remain competitive in the market in line with treating the customer fairly (TCF) principles and contribute to the company becoming a significant professional indemnity market in the UK.
- Conduct underwriting and scheme audits both remotely and on site to ensure they are meeting FSA requirements, company underwriting philosophies, and working within their empowerment.
- Develop and maintain relationships with key stakeholders to ensure that business needs are achieved.
- Train, coach, and develop underwriters, sales staff, and brokers to ensure they are competent in their role through improved knowledge.
Experience:
- You must have 5-8 years experience in Development Underwriting of Professional Indemnity and Directors & Officers risks.
- Must have a strong understanding and experience in Professional and Financial line business.
- You should be educated to degree level or equivalent business underwriting experience.
If you have the relevant experience or know someone that does, please contact us now.
Senior Underwriter, Professional Indemnity employer: Lawes Consulting Group
Contact Detail:
Lawes Consulting Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter, Professional Indemnity
✨Tip Number 1
Network with professionals in the insurance industry, especially those who specialise in Professional Indemnity. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 2
Stay updated on market and legislative changes related to Professional Indemnity. Subscribe to relevant industry publications or follow thought leaders on social media to demonstrate your knowledge during interviews.
✨Tip Number 3
Prepare to discuss your experience in developing underwriting strategies and guidelines. Think of specific examples where you've successfully implemented innovative solutions or improved existing products in your previous roles.
✨Tip Number 4
Highlight your training and coaching experience when speaking with us. Be ready to share how you've developed underwriters and brokers in the past, as this is a key aspect of the Senior Underwriter role.
We think you need these skills to ace Senior Underwriter, Professional Indemnity
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your 5-8 years of experience in Development Underwriting, particularly in Professional Indemnity and Directors & Officers risks. Use specific examples to demonstrate your expertise and achievements in these areas.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities outlined in the job description, such as developing underwriting guidelines and conducting audits.
Showcase Relevant Skills: Emphasise your understanding of Professional and Financial line business. Highlight any experience you have in training and coaching underwriters or brokers, as this is a key aspect of the role.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, and that all information is clear and concise. A polished application reflects your attention to detail, which is crucial in underwriting.
How to prepare for a job interview at Lawes Consulting Group
✨Know Your Underwriting Fundamentals
Make sure you have a solid grasp of underwriting principles, especially in Professional Indemnity and Directors & Officers risks. Be prepared to discuss your experience and how it aligns with the company's needs.
✨Showcase Your Strategic Thinking
Since the role involves developing strategies and guidelines, be ready to share examples of how you've contributed to product development or improved existing offerings in your previous roles.
✨Demonstrate Relationship-Building Skills
Highlight your ability to develop and maintain relationships with key stakeholders. Prepare examples of how you've successfully collaborated with brokers and underwriters to achieve business goals.
✨Stay Updated on Market Trends
Familiarise yourself with current market trends and legislative changes in the insurance industry. Being knowledgeable about recent developments will show your commitment to staying informed and relevant.
