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For Companies At a Glance
- Tasks: Underwrite commercial products, negotiate with brokers, and improve customer experience.
- Company: Hiscox is a global insurer with a strong focus on integrity and innovation.
- Benefits: Enjoy hybrid working, great employee perks, and a supportive culture.
- Why this job: Join a dynamic team, develop your skills, and progress to a senior role.
- Qualifications: Minimum 2 years as a commercial lines underwriter; degree preferred.
- Other info: Work in a diverse environment with a focus on work-life balance.
The predicted salary is between 28800 - 43200 £ per year.
The Central Underwriting teams are located throughout the UK mainly in our regional central underwriting hubs including Glasgow, Colchester and York. The team forms part of Hiscox UK’s central operations function and are responsible for the technical underwriting of new business and renewals across our broker business. You’ll focus on underwriting existing business for our commercial policies. The role will provide a breadth of development opportunities and exposure to our products, state of the art new underwriting platform and underwriting strategy to allow you to progress into a senior underwriter role.
What you’ll be doing:
- You’ll be underwriting our commercial products in line with our high standards.
- Working towards set targets each month including profitability, conversion and productivity.
- Develop your sales skills and appreciation of sales and underwriting strategy in collaboration with the wider teams and regions.
- Effectively negotiate with both internal and external parties including identified points of contact with a brokerage.
- Challenging non-standard underwriting decisions leveraging the expertise of product specialists and underwriting managers.
- Showing courage and innovation by spotting process improvements and how we can do things differently to improve the customer experience and drive profitable growth.
Our must haves:
- You’ll have min. 2 years’ experience as a commercial lines underwriter with knowledge of Professional Indemnity; exposure to Management Liability and Cyber will be advantageous.
- A logical and analytical thinker.
- An excellent communicator with the ability to present and articulate your thinking.
- A natural flair for building relationships enabling you to develop close rapport with brokers.
- Be an ambassador of Hiscox and demonstrate ‘going the extra mile’ dedication and commitment in a fast growing and demanding area of the business.
- Ambitious and driven, someone who can self-motivate and achieve results.
- Ideally Degree qualified and working towards Diploma CII or exempt through relevant experience as defined by the FCA.
Diversity and Hybrid working
At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We have also learned over the past few years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance. We anticipate the successful candidate for this role will be in the office up to 2 days per week in our York office. This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.
Why work here?
If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us.
Get in touch
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About us
We’re a global, specialist insurer headquartered in Bermuda and listed on the London Stock Exchange. With 3,000 employees and 32 offices in 12 countries we’re a business with lots of opportunity for people with talent, spark and lots of ambition. If you want to build a great career with a company that prioritises strong values – such as integrity and courage – where our people always pull together to do the right thing for each other and our customers, then we’d love to hear from you.
Development Underwriter employer: Hiscox SA
Contact Detail:
Hiscox SA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Development Underwriter
✨Tip Number 1
Familiarise yourself with the specific commercial products offered by Hiscox, especially Professional Indemnity, Management Liability, and Cyber. Understanding these products will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with current or former employees of Hiscox, particularly those in underwriting roles. They can provide valuable insights into the company culture and expectations, which can be beneficial during your discussions with the hiring team.
✨Tip Number 3
Prepare to discuss your experience with negotiation and relationship-building, as these are key skills for the Development Underwriter role. Think of specific examples where you've successfully navigated challenging situations with brokers or internal teams.
✨Tip Number 4
Showcase your analytical thinking by being ready to discuss how you've approached problem-solving in past roles. Highlight any process improvements you've implemented that led to better outcomes, as this aligns with the innovative spirit they value at Hiscox.
We think you need these skills to ace Development Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience as a commercial lines underwriter, particularly focusing on Professional Indemnity. Include any relevant achievements that demonstrate your analytical thinking and communication skills.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills align with their requirements, especially your ability to build relationships with brokers and your commitment to going the extra mile.
Showcase Relevant Experience: When detailing your work history, emphasise your experience in underwriting and any exposure to Management Liability and Cyber. Use specific examples to illustrate your negotiation skills and ability to challenge non-standard decisions.
Highlight Your Ambition: Convey your ambition and drive in your application. Discuss your career goals and how this role fits into your professional development, particularly your interest in progressing to a senior underwriter position.
How to prepare for a job interview at Hiscox SA
✨Showcase Your Underwriting Experience
Make sure to highlight your minimum of 2 years' experience as a commercial lines underwriter. Be prepared to discuss specific examples of how you've successfully underwritten policies, particularly in Professional Indemnity, and any exposure you have to Management Liability and Cyber.
✨Demonstrate Analytical Thinking
As a logical and analytical thinker, be ready to explain your thought process when making underwriting decisions. Prepare to discuss how you approach problem-solving and how you leverage data to support your decisions.
✨Communicate Effectively
Since excellent communication is key, practice articulating your thoughts clearly and confidently. Think about how you can present complex information in a way that is easy for others to understand, especially when negotiating with brokers.
✨Emphasise Relationship Building
Highlight your natural flair for building relationships. Be prepared to share examples of how you've developed rapport with brokers and internal teams, and how this has positively impacted your work and the customer experience.
