At a Glance
- Tasks: Join our team to manage product changes and support underwriting projects.
- Company: Ageas is a leading insurance provider focused on delivering quality products.
- Benefits: Enjoy a competitive salary, flexible work arrangements, and a collaborative environment.
- Why this job: Be part of a dynamic team that values innovation and integrity in the insurance industry.
- Qualifications: Relevant qualifications like CII or HND are essential; attention to detail is a must.
- Other info: Work from Eastleigh with minimal office visits, fostering a balanced work-life experience.
The predicted salary is between 35200 - 52800 £ per year.
Job Description
Job Title: Technical Underwriter Target Start Date: ASAPContract Type: Permanent, Part Time, Full Time, Job Share option availableSalary Range: £35,200 – £52,800Location: Eastleigh once a monthClosing Date for applications: Wednesday 23rd April
Technical Underwriter : The Technical Underwriting Team at Ageas deliver to promise by providing the technical expertise and oversight to deliver products and product change to market in line with business and regulatory requirements and maintaining their integrity throughout the product lifecycle. Simply put, the Technical Underwriting Team are ‘Product Controllers’.Main Responsibilities as Technical Underwriter :
- Maintaining and developing underwriting rules and technical processes and recommending necessary changes to maximise market opportunities, achieve the plan growth and profitability, and control areas of poor performance;
- Leading and supporting projects, ensuring products remain fit for purpose, systems and technical processes are properly maintained and delivering within agreed timescales;
- Contributing to the development of policy covers and technical processes and assisting in the development of rating structures for new and existing products. Implementing and communicating changes across Ageas and its brokers and partners;
- Evaluating new scheme, affinity and product propositions and determining the optimum underwriting and technical process proposition to achieve maximum growth and profitability;
- To ensure that policy wordings and the technical content of other documentation, including guides, are updated to meet business needs.
Skills and experience you need as Technical Underwriter :
- GCSE English and Math is essential, educated to A level standard or have had the same level of relevant work experience is preferred.
- Previous in-depth experience in a Personal Lines underwriting environment is essential.
- Certificate in Insurance with some progress towards CII Diploma preferred.
- A sound understanding of underwriting and pricing principles and experience of a wide range of technical issues, including the construction of policy wordings.
- A working knowledge of the personal lines market and of current legal/industry developments affecting the market.
- Organised and thorough, with good project management skills and demonstrating attention to detail, and demonstrating good risk evaluation skills.
At Ageas we offer a wide range of benefits to support you and your family inside and outside of work, which helped us achieve, Top Employer status in the UK.Here are some of the benefits you can enjoy at Ageas:
Flexible Working- Smart Working @ Ageas gives employees flexibility around location (as long as it’s within the UK) and, for many of our roles, flexibility within the working day to manage other commitments, such as school drop offs etc. We also offer all our vacancies part-time/job-shares. We also offer a minimum of 35 days holiday (inc. bank holidays) and you can buy and sell days.
Supporting your Health- Dental Insurance Health Cash Plan, Health Screening, Will Writing, Voluntary Critical Illness, Mental Health First Aiders, Well Being Activities – Yoga, Mindfulness.
Supporting your Wealth- Annual Bonus Schemes, Annual Salary Reviews, Competitive Pension, Employee Savings, Employee Loans.
Supporting you at Work- Well-being activities, yoga, mindfulness sessions, Sports and Social Club events and more.
Supporting you and your Family-Maternity/pregnant parent/primary adopter entitlement of 16 weeks at full pay and paternity/non-pregnant parent/co-adopter at 8 weeks’ full pay.
Benefits for Them- Partner Life Assurance and Critical Illness cover.
Get some Tech- Deals on various gadgets including Wearables, Tablets and Laptops.
Getting around- Car Salary Exchange, Cycle Scheme, Vehicle Breakdown Cover.
Supporting you back to work- Return to work programme after maternity leave.
About Ageas:We are one of the largest car and home insurers in the UK.Our Peoplehelp Ageas to be a thriving, creative and innovative place to work. We show this in the service we provide to over four million customers.As an inclusive employer, we encourage anyone to apply. We’re a signatory of the Race at Work Charter and Women in Finance Charter, member of iCAN and GAIN. As a Disability Confident Leader, we are committed to ensuring our recruitment processes are fully inclusive. That means if you are applying for a job with us, you will have fair access to support and adjustments throughout your recruitment experience. If the list does not cover the support you need, please contact our Recruitment Team to discuss how they can help. We also guarantee an interview for applicants with a disability who meet the minimum criteria for the role. For more information, please see Ageas Everyone.We have a zero-tolerance approach towards any form of harassment during the recruitment process, ensuring that everyone is treated with respect and professionalism.Our aim is to have great people everywhere in our business and we’re always looking for outstanding people to join us. Most roles across Ageas allow a proportion of your time to be spent working from home and we’re open to discussing flexible working, including full-time, part-time or job share
Technical Underwriter employer: Ageas Insurance Limited
Contact Detail:
Ageas Insurance Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Technical Underwriter
✨Tip Number 1
Familiarize yourself with the latest trends and regulations in underwriting. This will not only help you understand the role better but also show your potential employers that you are proactive and knowledgeable about the industry.
✨Tip Number 2
Network with professionals in the underwriting field. Attend industry events or join relevant online forums to connect with others who can provide insights and possibly refer you to job openings.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed product changes or resolved issues in previous roles. Being able to articulate your experience clearly will demonstrate your capability for the Technical Underwriter position.
✨Tip Number 4
Research Ageas and their products thoroughly. Understanding their business model and recent developments will allow you to tailor your conversations during interviews and show your genuine interest in the company.
We think you need these skills to ace Technical Underwriter
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Technical Underwriter position. Understand the key responsibilities and required qualifications, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize any previous experience in underwriting or related fields. Be specific about your technical skills and how they relate to the responsibilities mentioned in the job description.
Showcase Your Qualifications: If you have relevant qualifications such as CII, HND, or Prince2, make sure to mention them prominently in your application. This demonstrates your commitment to the field and aligns with the requirements of the role.
Tailor Your Cover Letter: Craft a personalized cover letter that addresses the specific needs of the Technical Underwriting Team at Ageas. Mention how your skills can contribute to facilitating change and managing product issues effectively.
How to prepare for a job interview at Ageas Insurance Limited
✨Showcase Your Technical Knowledge
Make sure to highlight your understanding of technical underwriting concepts, such as policy wording and rating impacts. Be prepared to discuss specific examples from your past experience where you successfully applied this knowledge.
✨Demonstrate Attention to Detail
Since an excellent eye for detail is crucial for this role, prepare to provide examples that showcase your meticulousness. Discuss how you've identified and resolved issues in previous projects or tasks.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills, especially regarding managing and resolving rating and product issues. Think of scenarios where you conducted root cause analysis and implemented process improvements.
✨Emphasize Collaboration Skills
The role requires working closely with various teams, so be ready to discuss your experience in collaborative environments. Share examples of how you've effectively communicated and partnered with account managers, pricing teams, and operational areas.