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- Tasks: Oversee terrorism underwriting and manage delegated facilities across the UK.
- Company: Join a leading Lloyd's syndicate with a focus on terrorism insurance.
- Benefits: Enjoy competitive pay, professional development, and a dynamic work environment.
- Why this job: Be part of a unique team making an impact in the insurance industry.
- Qualifications: Experience in underwriting or broking with a solid understanding of coverages required.
- Other info: Opportunity to develop new business across London and regional markets.
The predicted salary is between 48000 - 72000 £ per year.
Are you currently working at an insurer / MGA / broking house with in-house underwriting facility for Terrorism? This is an unusual opportunity to join this Lloyd's syndicate in the terrorism division, overseeing all of the underwriting which is carried out via various facilities across MGA's and broking houses throughout the UK.
This role offers both the opportunity to underwrite and manage the delegated facilities as well as developing new business opportunities across the London and regional market. A good understanding of delegated underwriting is required - you could be at an Assistant Underwriter but with underwriting authority, or an Account Handler / Executive at a brokers with a pen authority.
Sound understanding of wordings and coverages and ability to handle a volumatic/transactional portfolio. This role is part of a wider global terrorism portfolio and whilst there will be exposure to this Lloyd's platform, the majority of responsibility is across the UK book.
Terrorism Underwriter employer: IPS Group
Contact Detail:
IPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Terrorism Underwriter
✨Tip Number 1
Network with professionals in the insurance and underwriting sectors, especially those who specialise in terrorism coverage. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the specific challenges and opportunities in this niche market.
✨Tip Number 2
Familiarise yourself with the latest trends and developments in terrorism underwriting. Stay updated on regulatory changes, emerging risks, and innovative solutions within the industry to demonstrate your knowledge and commitment during interviews.
✨Tip Number 3
Consider reaching out to current employees at the Lloyd's syndicate or similar organisations to gain insights into their experiences and the company culture. This can help you tailor your approach and show genuine interest in the role when you apply.
✨Tip Number 4
Prepare for potential interviews by practising responses to common questions related to delegated underwriting and portfolio management. Be ready to discuss specific examples from your experience that highlight your skills and understanding of the terrorism insurance landscape.
We think you need these skills to ace Terrorism Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly in terrorism or similar fields. Emphasise any roles where you've managed delegated facilities or developed new business opportunities.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss your understanding of delegated underwriting and how your background aligns with the requirements of the position.
Showcase Your Knowledge: Demonstrate your understanding of wordings and coverages related to terrorism insurance. Mention specific examples from your past work that illustrate your ability to handle a volumatic or transactional portfolio.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no typos or grammatical errors, as attention to detail is crucial in underwriting roles.
How to prepare for a job interview at IPS Group
✨Showcase Your Underwriting Experience
Make sure to highlight your current or previous roles in underwriting, especially if you have experience with terrorism coverage. Discuss specific cases where you successfully managed risks and how your decisions positively impacted the portfolio.
✨Demonstrate Knowledge of Delegated Underwriting
Since a good understanding of delegated underwriting is crucial for this role, be prepared to discuss your experience with managing delegated facilities. Share examples of how you've worked with MGAs and brokers to ensure effective underwriting practices.
✨Understand the Market Landscape
Research the current trends in the terrorism insurance market, particularly within the UK. Being able to discuss recent developments or challenges will show your commitment and understanding of the industry, making you a more attractive candidate.
✨Prepare Questions About Business Development
This role involves developing new business opportunities, so come prepared with insightful questions about the company's strategies for growth in the terrorism division. This shows your interest in contributing to the company's success and your proactive mindset.
