At a Glance
- Tasks: Join our team as a Life Underwriter, assessing risks and developing business opportunities.
- Company: Oceanre is a leading reinsurance provider, specialising in innovative insurance solutions.
- Benefits: Enjoy competitive salary, career growth, private medical insurance, and 30 days annual leave.
- Why this job: Be part of a dynamic team, working with global clients in a collaborative environment.
- Qualifications: Bachelor’s degree in relevant fields; 5-7 years experience in insurance or reinsurance required.
- Other info: Fluency in English is mandatory; knowledge of other languages is a plus.
The predicted salary is between 36000 - 60000 £ per year.
We are looking for an experienced Life Underwriter to join our dynamic team. This role offers a unique opportunity to work in a fast-paced reinsurance environment, focusing on group life and personal accident insurance across Europe and the Middle East. You will be responsible for underwriting risks, developing business opportunities, and managing key relationships with brokers and insurers.
What are we looking for?
- Business Development & Client Acquisition
- Identify new business opportunities in Europe and the Middle East.
- Build and maintain relationships with brokers and insurers.
- Present commercial proposals and attend industry meetings and events.
- Underwriting & Risk Assessment
- Assess and underwrite group life and personal accident risks.
- Define terms and conditions for reinsurance programs.
- Collaborate with the actuarial team to analyse profitability and pricing.
- Client & Broker Relationship Management
- Develop long-term relationships with clients and brokers.
- Provide expert advice and manage contract renewals.
- Market Analysis & Trends
- Conduct market research and monitor insurance trends.
- Stay updated on regulatory changes affecting life and accident insurance.
- Compliance & Reporting
- Ensure underwriting operations comply with legal and regulatory requirements.
- Work closely with the legal and compliance teams.
- Prepare periodic reports on underwriting activities and business performance.
- Professional Profile
- Education & Certifications: Bachelor’s degree in economics, Business Administration, Finance, Actuarial Science, or Insurance. Professional certifications in insurance or reinsurance are a plus.
- Experience: 5-7 years of experience in the insurance or reinsurance industry. Strong background in group life and personal accident underwriting. Experience in commercial negotiations and risk assessment. Knowledge of reinsurance markets and key industry players in Europe & the Middle East.
- Ideally, you should also have:
- Strong commercial acumen with a proactive approach to business development.
- Technical expertise in underwriting, actuarial analysis, and risk evaluation.
- Excellent negotiation and communication skills.
- Ability to work in multicultural environments and adapt to different business cultures.
- Fluency in English (mandatory); knowledge of Spanish or other languages is a plus.
Our promise to you
- Competitive salary with performance-based incentives.
- Opportunities for career growth and professional development.
- Exposure to international markets and global clients.
- A collaborative and dynamic work environment alongside industry experts.
- 10% defined non-contributory pension scheme.
- Private medical insurance.
- Income protection.
- Group life insurance.
- Cycle-to-work scheme.
- 30 days of annual leave plus bank holidays.
Who We Are
Oceanre is a leading reinsurance provider, specializing in life, health, property & casualty, personal accident, cargo, surety, and motor insurance solutions. We partner with global insurers, brokers, and corporate clients to deliver innovative and optimal risk transfer programs. Our commitment to discipline, transparency, and consistency in underwriting and claims handling makes us a trusted name in the industry.
Our Culture
At Oceanre, we honour the promises we make to our regional clients by supporting the creation of new capabilities to address their evolving needs. We empower our team to take initiative, think strategically, and drive impactful solutions. Our diverse and inclusive work environment fosters continuous learning and relationship-building, while our financial strength and solvency allow us to expand and aim for more.
Are you ready to share the future of reinsurance? Be bold.
Contact Detail:
Ocean International Reinsurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Life Underwriter
✨Tip Number 1
Network actively within the insurance and reinsurance sectors. Attend industry events, webinars, and conferences to meet potential employers and learn about new opportunities. Building relationships with brokers and insurers can give you an edge in securing a position.
✨Tip Number 2
Stay updated on market trends and regulatory changes affecting life and accident insurance. This knowledge will not only help you in interviews but also demonstrate your commitment to the field and your proactive approach to business development.
✨Tip Number 3
Consider obtaining professional certifications in insurance or reinsurance. These qualifications can enhance your credibility and show potential employers that you are serious about your career in underwriting.
✨Tip Number 4
Prepare to discuss your experience in commercial negotiations and risk assessment during interviews. Be ready to provide examples of how you've successfully managed client relationships and developed business opportunities in previous roles.
We think you need these skills to ace Life Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in life underwriting, risk assessment, and business development. Use specific examples that demonstrate your skills in these areas, particularly in the context of group life and personal accident insurance.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the reinsurance industry and your passion for the role. Mention your experience with brokers and insurers, and how you can contribute to Oceanre's goals in Europe and the Middle East.
Highlight Relevant Certifications: If you have any professional certifications in insurance or reinsurance, be sure to mention them prominently in your application. This will demonstrate your commitment to the field and enhance your credibility as a candidate.
Showcase Your Communication Skills: Since the role involves managing relationships with clients and brokers, emphasise your negotiation and communication skills in your application. Provide examples of successful interactions or presentations you've conducted in previous roles.
How to prepare for a job interview at Ocean International Reinsurance
✨Know Your Underwriting Fundamentals
Brush up on your knowledge of group life and personal accident underwriting. Be prepared to discuss specific cases you've worked on, showcasing your risk assessment skills and how you defined terms for reinsurance programs.
✨Demonstrate Business Development Skills
Highlight your experience in identifying new business opportunities and building relationships with brokers and insurers. Prepare examples of successful commercial proposals you've presented and any industry events you've attended.
✨Stay Updated on Market Trends
Research current trends in the insurance market, especially in Europe and the Middle East. Be ready to discuss how these trends could impact underwriting practices and what regulatory changes you think are significant.
✨Showcase Your Communication Skills
Since this role involves managing key relationships, practice articulating your thoughts clearly and confidently. Prepare to discuss how you've effectively communicated with clients and brokers in the past, especially during contract renewals.