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For Companies At a Glance
- Tasks: Underwrite commercial insurance schemes and assess risks while engaging with brokers and clients.
- Company: Join a leading name in the Insurance industry based in Glasgow.
- Benefits: Enjoy competitive salary, hybrid working, bonuses, and professional development opportunities.
- Why this job: Be part of a dynamic team shaping tailored insurance solutions with real market impact.
- Qualifications: Experience in commercial insurance underwriting and strong analytical skills required.
- Other info: This is a full-time, permanent role with a focus on growth and innovation.
The predicted salary is between 36000 - 60000 £ per year.
We are seeking a Commercial Schemes Underwriter to join a major name in the Insurance industry. This role involves assessing a mixed portfolio of risks and underwriting commercial insurance schemes, ensuring profitability while maintaining strong relationships with brokers and clients. You will play a key role in developing tailored insurance solutions that align with business objectives and market trends.
Key Responsibilities
- Underwriting & Risk Assessment: Evaluate and underwrite commercial insurance schemes, ensuring compliance with underwriting guidelines.
- Portfolio Management: Monitor scheme performance, adjusting pricing and coverage as needed to maintain profitability.
- Broker & Client Engagement: Build and maintain strong relationships with brokers and clients, providing expert advice and support.
- Market Analysis: Stay informed on industry trends, competitor offerings, and regulatory changes to enhance underwriting strategies.
- Policy Development: Assist in designing and refining insurance schemes to meet evolving business and customer needs.
- Claims & Compliance: Work closely with claims teams to assess risk exposure and ensure adherence to regulatory standards.
Skills & Experience Required
- Proven experience in commercial insurance underwriting, preferably within schemes.
- Strong knowledge of risk assessment, pricing models, and policy structures.
- Excellent analytical and decision-making skills.
- Ability to build and maintain relationships with brokers and clients.
- Proficiency in underwriting software and Microsoft Office.
Benefits
- Competitive salary and performance-based bonuses.
- Hybrid working options.
- Professional development and training opportunities.
- Pension scheme and private healthcare.
Commercial Lines Underwriter employer: ProFound
Contact Detail:
ProFound Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Lines Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in commercial insurance and underwriting. Understanding the current market landscape will not only help you during interviews but also demonstrate your commitment to staying informed in this dynamic industry.
✨Tip Number 2
Network with professionals in the insurance sector, especially those who work as underwriters or brokers. Attend industry events or join relevant online forums to build connections that could provide insights and potentially lead to referrals for the position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed portfolios or assessed risks in previous roles. Highlighting your practical experience will showcase your ability to handle the responsibilities outlined in the job description.
✨Tip Number 4
Research StudySmarter and our values, particularly how we approach client relationships and risk assessment. Tailoring your conversation to align with our mission can set you apart and show that you're a great fit for our team.
We think you need these skills to ace Commercial Lines Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial insurance underwriting. Focus on your skills in risk assessment, portfolio management, and relationship building with brokers and clients.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the key responsibilities of the Commercial Schemes Underwriter role. Mention your understanding of market trends and how you can contribute to developing tailored insurance solutions.
Showcase Relevant Skills: In your application, emphasise your analytical and decision-making skills. Provide examples of how you've successfully managed portfolios or engaged with clients and brokers in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is crucial in the underwriting field.
How to prepare for a job interview at ProFound
✨Know Your Underwriting Basics
Make sure you brush up on your knowledge of underwriting principles and risk assessment. Be prepared to discuss specific examples from your past experience that demonstrate your ability to evaluate and underwrite commercial insurance schemes.
✨Understand the Market
Familiarise yourself with current industry trends, competitor offerings, and regulatory changes. This will not only show your enthusiasm for the role but also help you engage in meaningful discussions during the interview.
✨Build Rapport with Brokers and Clients
Since relationship management is key in this role, think of ways to showcase your interpersonal skills. Prepare anecdotes that highlight your ability to build and maintain strong relationships with brokers and clients.
✨Demonstrate Analytical Skills
Be ready to discuss how you approach portfolio management and pricing adjustments. Use specific examples to illustrate your analytical and decision-making skills, as these are crucial for maintaining profitability in underwriting.
