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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, known for innovation and excellence.
- Benefits: Enjoy competitive salary, hybrid working, bonuses, and professional development opportunities.
- Why this job: Be part of a dynamic team shaping tailored insurance solutions that impact businesses positively.
- Qualifications: Experience in commercial insurance underwriting and strong analytical skills are essential.
- Other info: This is a full-time, permanent role based in Glasgow.
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: LinkedIn
Contact Detail:
LinkedIn 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. This will not only help you understand the market better but also allow you to engage in informed discussions during interviews, showcasing your expertise and enthusiasm for the role.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work as underwriters or brokers. Attend industry events or join relevant online forums to build connections that could provide insights into the role and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully assessed risks and managed portfolios in previous roles. Highlighting your analytical skills and decision-making processes will demonstrate your capability to handle the responsibilities of a Commercial Schemes Underwriter.
✨Tip Number 4
Research the company’s current insurance schemes and their performance in the market. Being knowledgeable about their offerings will allow you to tailor your conversation during interviews, showing that you're genuinely interested in contributing to their success.
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 specific achievements and skills that align with the responsibilities of a Commercial Schemes Underwriter.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the insurance industry. Mention your experience with risk assessment and portfolio management, and how you can contribute to the company's success.
Highlight Relevant Skills: In your application, emphasise your analytical skills, decision-making abilities, and proficiency with underwriting software. These are crucial for the role and should be clearly presented.
Showcase Relationship-Building Experience: Since the role involves engaging with brokers and clients, include examples of how you've successfully built and maintained professional relationships in previous roles.
How to prepare for a job interview at LinkedIn
✨Know Your Underwriting Basics
Make sure you brush up on your knowledge of underwriting principles, especially in commercial insurance. Be prepared to discuss risk assessment techniques and pricing models, as these are crucial for the role.
✨Showcase Your Analytical Skills
During the interview, highlight your analytical abilities by discussing past experiences where you successfully evaluated risks or adjusted policies. Use specific examples to demonstrate how your decisions positively impacted profitability.
✨Build Rapport with Interviewers
Since relationship-building is key in this role, practice engaging with your interviewers. Show genuine interest in their experiences and the company’s approach to client engagement. This will reflect your ability to connect with brokers and clients.
✨Stay Updated on Industry Trends
Research current trends in the insurance industry, including regulatory changes and competitor offerings. Being able to discuss these topics will show that you are proactive and knowledgeable, which is essential for a Commercial Schemes Underwriter.
