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- Tasks: Join us as a PI Underwriter, assessing risks and driving business growth.
- Company: Gallagher is a global brokerage team focused on risk management and excellence.
- Benefits: Enjoy 25+ days holiday, life insurance, health plans, and discounted gym memberships.
- Why this job: Be part of a diverse team making a real impact in the insurance industry.
- Qualifications: CII Certification preferred; a passion for learning and customer focus is essential.
- Other info: We value inclusion and support diverse identities within our workforce.
The predicted salary is between 36000 - 60000 £ per year.
Indulge your passion for problem-solving and embrace the thrill of addressing risk head-on at Gallagher's global brokerage team. Join a family of diverse minds, united by a relentless pursuit of excellence. As part of our team, you'll be the architect of protection, safeguarding businesses and empowering their ambitions.
As a Professional Indemnity Underwriter for Manchester Underwriting Management, a division of Pen Underwriting, you will be responsible for adding to the sustainable growth of the Professional Indemnity book by delivering profitable premium and conversion growth across the business and contributing in developing and implementation of the underwriting strategy. You will help drive the strategic planning/direction of the business and its products. You will also be responsible for interacting and collaborating with colleagues internally and building relationships with new brokers as well as maintaining and improving existing broker relationships and partner insurers.
How you'll make an impact:
- Underwrite and assess risk adhering to the underwriting philosophy, rules and guidelines, use of rating tools and pricing methodologies and documentation standards to maximise business growth and profitability.
- Actively participate in seeking new business opportunities within existing relationships and within the wider insurance market.
- Engage with brokers in servicing and renewal of the existing book that supports underwriting strategy, consistent with business growth and target loss ratio.
- Take underwriting referrals, providing expert underwriting guidance, coaching and mentoring to less experienced underwriters.
- Develop and maintain strong broker relationships across the regions and contribute to the team’s goal of writing a sustainable portfolio of professional indemnity business.
- Collaborate with cross-functional teams to optimise processes and enhance overall efficiency.
- Analyse market trends, competitor activities, and regulatory changes to identify opportunities and threats.
- Perform other duties and projects as assigned.
About you:
- Chartered Insurance Institute (CII) Certification preferred.
- Working knowledge of the insurance marketplace.
- Demonstrates an ability and desire to learn about the enterprise and business unit critical business issues and financial drivers.
- General knowledge of organisational and regulatory rules, policies and procedures.
- Demonstrates basic ability in the areas of customer focus and positive broker interaction.
- Basic analytical thinking/financial acumen.
- Identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues.
Compensation and benefits:
- Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days.
- Defined contribution pension scheme, which Gallagher will also contribute to.
- Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x.
- Income protection, covering up to 50% of your annual income, with options to top up.
- Health cash plan or Private medical insurance.
- Three fully paid volunteering days per year.
- Employee Stock Purchase plan, offering company shares at a discount.
- Share incentive plan, HMRC approved, tax effective, stock purchase plan.
- Critical illness cover.
- Discounted gym membership, with over 3,000 gyms nationally.
- Season ticket loan.
- Access to a discounted voucher portal to save money on your weekly shop or next big purchase.
- Emergency back-up family care.
We value inclusion and diversity. Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work. Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities.
Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities. Should you require reasonable adjustments to your application, please get in touch with TAGlobalSupport@ajg.com.
Contact Detail:
Arthur J. Gallagher & Co. Recruiting Team
TAGlobalSupport@ajg.com
StudySmarter Expert Advice 🤫
We think this is how you could land PI Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in the insurance marketplace, especially regarding professional indemnity. This knowledge will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those who work as underwriters or brokers. Attend industry events or join relevant online forums to build connections that could lead to valuable insights and potential referrals.
✨Tip Number 3
Prepare to discuss your analytical skills and how you've used them in past roles. Be ready to provide examples of how you've assessed risks and made decisions based on data, as this is crucial for a PI Underwriter position.
✨Tip Number 4
Showcase your ability to build and maintain relationships. Think of specific instances where you've successfully collaborated with colleagues or clients, as strong interpersonal skills are key to thriving in this role.
We think you need these skills to ace PI Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Professional Indemnity Underwriter. Familiarise yourself with the key skills and qualifications mentioned in the job description, such as risk assessment and broker relationship management.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job requirements. Emphasise your knowledge of the insurance marketplace and any previous roles that involved underwriting or risk management.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for problem-solving and your understanding of the insurance industry. Mention specific examples of how you've successfully managed relationships with brokers or contributed to business growth in past roles.
Highlight Your Analytical Skills: Since the role requires strong analytical thinking, ensure you provide examples in your application that demonstrate your ability to analyse market trends and make informed decisions. This could include past experiences where you identified opportunities or solved complex problems.
How to prepare for a job interview at Arthur J. Gallagher & Co.
✨Understand the Role
Before your interview, make sure you thoroughly understand the responsibilities of a Professional Indemnity Underwriter. Familiarise yourself with the underwriting philosophy, risk assessment processes, and how to build strong broker relationships. This knowledge will help you answer questions confidently and demonstrate your suitability for the role.
✨Showcase Your Analytical Skills
As an underwriter, analytical thinking is crucial. Be prepared to discuss how you've used analytical skills in previous roles to assess risks or identify opportunities. You might even want to bring examples of market trends or competitor activities you've analysed in the past to illustrate your point.
✨Emphasise Relationship Building
Gallagher values strong relationships with brokers and partners. During the interview, highlight your experience in building and maintaining professional relationships. Share specific examples of how you've successfully collaborated with colleagues or clients to achieve common goals.
✨Prepare Questions
Interviews are a two-way street. Prepare thoughtful questions about Gallagher's underwriting strategy, team dynamics, and growth opportunities. This not only shows your interest in the company but also helps you determine if it's the right fit for you.
