At a Glance
- Tasks: Evaluate and underwrite travel insurance applications while collaborating with brokers.
- Company: Join a dynamic MGA focused on tailored travel insurance solutions.
- Benefits: Enjoy a supportive work culture with opportunities for professional growth.
- Why this job: Be part of a team committed to excellence in the travel insurance industry.
- Qualifications: Experience in underwriting, strong analytical skills, and excellent communication abilities required.
- Other info: Opportunity to influence underwriting strategies and market trends.
The predicted salary is between 48000 - 72000 £ per year.
Our client is a dynamic MGA specializing in the travel insurance market. Their mission is to deliver tailored insurance solutions that meet the diverse needs of their clients, while fostering strong relationships with brokers and partners. They pride themselves on their expertise, responsiveness, and commitment to excellence in the travel insurance industry.
Key Responsibilities:
- Evaluate and underwrite travel insurance applications, assessing risk and determining coverage terms.
- Collaborate with brokers to develop and maintain strong working relationships, providing support and guidance on underwriting decisions.
- Analyse market trends and competitor offerings to inform underwriting strategies and pricing models.
- Review documentation to ensure compliance with company policies and regulatory requirements.
- Prepare and present detailed underwriting reports and recommendations to senior management.
Required Skills and Qualifications:
- Proven experience in underwriting, preferably in the travel insurance sector.
- Strong analytical and problem-solving skills, with a keen attention to detail.
- Excellent interpersonal and communication skills to effectively engage with brokers and clients.
- Proficiency in underwriting software and Microsoft Office Suite.
Senior Underwriter employer: Salus Insurance Services Inc.
Contact Detail:
Salus Insurance Services Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in the travel insurance market. Understanding current market dynamics and competitor offerings will not only help you during interviews but also demonstrate your proactive approach to underwriting.
✨Tip Number 2
Network with professionals in the travel insurance sector. Attend industry events or join relevant online forums to connect with brokers and other underwriters. Building these relationships can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your analytical skills. Since the role requires strong analytical abilities, consider taking a short course or workshop that focuses on risk assessment and data analysis to enhance your expertise.
✨Tip Number 4
Prepare to discuss specific underwriting scenarios during your interview. Think of examples from your past experience where you successfully assessed risk or navigated complex underwriting decisions, as this will showcase your problem-solving skills.
We think you need these skills to ace Senior Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in underwriting, especially within the travel insurance sector. Use specific examples to demonstrate your analytical skills and attention to detail.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the travel insurance market and your ability to build relationships with brokers. Mention how your previous experiences align with the company's mission and values.
Highlight Relevant Skills: In your application, emphasise your proficiency in underwriting software and Microsoft Office Suite. Provide examples of how you've used these tools to improve underwriting processes or outcomes.
Showcase Market Awareness: Demonstrate your knowledge of current market trends and competitor offerings in your application. This will show that you are proactive and informed, which is crucial for developing effective underwriting strategies.
How to prepare for a job interview at Salus Insurance Services Inc.
✨Showcase Your Underwriting Experience
Be prepared to discuss your previous underwriting roles, especially in the travel insurance sector. Highlight specific cases where you successfully assessed risk and made coverage decisions, as this will demonstrate your expertise and suitability for the Senior Underwriter position.
✨Demonstrate Analytical Skills
Since strong analytical skills are crucial for this role, be ready to provide examples of how you've used data to inform your underwriting strategies. Discuss any market trends you've analysed and how they influenced your decision-making process.
✨Build Rapport with Brokers
As collaboration with brokers is key, think of ways to illustrate your interpersonal skills. Share experiences where you developed strong relationships with brokers, and how that positively impacted your underwriting decisions and overall business outcomes.
✨Prepare for Compliance Questions
Given the importance of compliance in underwriting, review relevant regulations and company policies. Be ready to discuss how you've ensured compliance in your past roles, and prepare to answer questions about how you would handle compliance issues in the future.