Assistant Insurance Underwriter

Assistant Insurance Underwriter

City of London Full-Time 36000 - 60000 Β£ / year (est.) No home office possible
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At a Glance

  • Tasks: Join us as an Assistant Insurance Underwriter, managing and analysing (re)insurance portfolios.
  • Company: Fidelis Partnership is a leading bespoke (re)insurance business with a focus on specialty lines.
  • Benefits: Enjoy a diverse workplace culture with opportunities for career progression and fair rewards.
  • Why this job: Be part of a dynamic team that values diversity and offers a chance to make an impact.
  • Qualifications: Strong analytical skills and a passion for learning about insurance and risk management are essential.
  • Other info: Work in a collaborative environment that embraces different perspectives and promotes inclusion.

The predicted salary is between 36000 - 60000 Β£ per year.

The Fidelis Partnership is a leading specialty, bespoke and (re)insurance business. The primary focus of this role is originating, modelling, administering, and underwriting a portfolio of (re)insurance business. This includes analysing and maintaining the accuracy of all (re)insurance submission data, policies, and records with the ultimate goal of ensuring that Fidelis’ interests are properly managed and protected.

Key responsibilities include:

  • Participate in the underwriting process, evaluation, and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language.
  • Working cross class, including Airline, Hull War, Contingent All Risks, Contingent War, Aerospace & General Aviation.
  • Assist and work with risk modeling and pricing tools.
  • Monitor market developments and remain current regarding knowledge of all relevant classes of business, and legislated and regulatory changes/requirements.
  • Ensure accuracy and integrity of underwriting data in group underwriting systems.
  • Establish networks and maintain strong existing relationships with brokers and clients, with the ability to independently manage meetings.
  • Utilise excellent analytical skills, with a working knowledge of and ability to interpret the outputs of pricing models, and the statistical skills necessary to perform analyses on first principles.

Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership successes. This will be driven by a workforce that embraces Diversity and Inclusion at every level, in every department across The Fidelis Partnership.

Assistant Insurance Underwriter employer: The Fidelis Partnership

The Fidelis Partnership is an exceptional employer that champions a diverse and inclusive work culture, ensuring that every employee's unique background and perspective are valued. With a strong focus on professional growth, employees in the Assistant Insurance Underwriter role benefit from comprehensive training and development opportunities, alongside the chance to engage with a dynamic portfolio of specialty (re)insurance business. Located in a vibrant industry hub, Fidelis offers a collaborative environment where teamwork and innovation thrive, making it an ideal place for those seeking meaningful and rewarding careers.
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Contact Detail:

The Fidelis Partnership Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land Assistant Insurance Underwriter

✨Tip Number 1

Familiarise yourself with the specific types of specialty insurance that The Fidelis Partnership focuses on, such as aviation and marine. Understanding these areas will help you engage in meaningful conversations during interviews and demonstrate your genuine interest in the role.

✨Tip Number 2

Network with professionals in the insurance industry, especially those who have experience in underwriting or work with The Fidelis Partnership. Attend industry events or join relevant online forums to build connections that could provide insights or referrals.

✨Tip Number 3

Stay updated on market developments and regulatory changes in the insurance sector. Being knowledgeable about current trends will not only prepare you for interviews but also show that you are proactive and committed to your professional growth.

✨Tip Number 4

Practice your analytical skills by working on case studies or simulations related to underwriting. This hands-on experience can help you articulate your thought process and decision-making abilities during interviews, making you a more attractive candidate.

We think you need these skills to ace Assistant Insurance Underwriter

Analytical Skills
Attention to Detail
Risk Assessment
Data Interpretation
Statistical Analysis
Knowledge of (Re)insurance Products
Pricing Model Proficiency
Regulatory Knowledge
Communication Skills
Relationship Management
Market Research
Problem-Solving Skills
Team Collaboration
Adaptability

Some tips for your application 🫑

Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of an Assistant Insurance Underwriter. Familiarise yourself with the specific areas of specialty insurance mentioned in the job description, such as aviation, marine, and property.

Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job requirements. Emphasise your analytical skills, knowledge of underwriting processes, and any experience with risk modelling or pricing tools.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance industry and your understanding of the company's values, particularly their commitment to diversity and inclusion. Mention how your background and experiences can contribute to their goals.

Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial in underwriting.

How to prepare for a job interview at The Fidelis Partnership

✨Understand the Role

Make sure you have a solid grasp of what an Assistant Insurance Underwriter does. Familiarise yourself with the specific types of insurance and reinsurance mentioned in the job description, such as aviation, marine, and property. This will help you speak confidently about how your skills align with the role.

✨Showcase Analytical Skills

Prepare to discuss your analytical abilities, especially in relation to interpreting pricing models and statistical data. Be ready to provide examples from your past experiences where you've successfully analysed data or made decisions based on your findings.

✨Highlight Relationship Management

Since the role involves working with brokers and clients, be prepared to talk about your experience in managing professional relationships. Share specific instances where you've built strong connections or successfully navigated challenging discussions.

✨Stay Updated on Market Trends

Demonstrate your knowledge of current market developments and regulatory changes in the insurance industry. This shows that you're proactive and committed to staying informed, which is crucial for the role.

Assistant Insurance Underwriter
The Fidelis Partnership
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