Commercial Underwriter

Commercial Underwriter

Hemel Hempstead Full-Time 45000 £ / year No home office possible
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At a Glance

  • Tasks: Underwrite commercial insurance policies and assess risk factors daily.
  • Company: Join a small, family-run insurance business with a supportive culture.
  • Benefits: Enjoy a competitive salary and opportunities for professional growth.
  • Why this job: Be part of a dynamic team and make impactful decisions in the insurance industry.
  • Qualifications: 3+ years of underwriting experience and strong communication skills required.
  • Other info: Ideal for ambitious individuals looking to advance their careers.

Salary up to £45,000

Based in Hemel Hempstead

I'm pleased to be working with a small, family run insurance business looking to add to their Commercial Underwriting team. If you are an Insurance Underwriter with experience with Commercial Combined policies apply today!

The Commercial Combined Underwriter role:

  • Assess and underwrite commercial combined insurance policies, including property, liability, business interruption, and other relevant coverages.
  • Analyse risk factors and evaluate potential clients' applications to determine the level of risk and appropriate coverage options.
  • Conduct thorough research, including reviewing financial statements, loss history, and industry trends, to make informed underwriting decisions.
  • Collaborate with brokers, agents, and other internal stakeholders to gather additional information and negotiate policy terms and conditions.
  • Ensure compliance with underwriting guidelines, regulatory requirements, and company policies.
  • Monitor and evaluate policy performance, making recommendations for adjustments or cancellations as needed.
  • Stay updated on industry trends, market conditions, and emerging risks to proactively adjust underwriting strategies.

A bit about you:

  • At least 3 years' experience underwriting or for a commercial combined Insurance product.
  • Proven track record of working to and achieving individual targets.
  • Proficient in MS Office and with aptitude to use other MS Windows-based software.
  • Communication skills - able to communicate to people with various levels of knowledge, over the telephone and in writing.
  • Ensure you work within the binding authorities issued to us by insurers.
  • But the most important thing is that you are ambitious, you want to grow with us and you come in to work with a can-do attitude.

If you are a Commercial Underwriter, Account Handler or Insurance Broker who's looking for their next step, send over your CV today; we are currently shortlisting for interview.

Commercial Underwriter employer: Get Recruited (UK) Ltd

Join a small, family-run insurance business in Hemel Hempstead that values its employees and fosters a supportive work culture. With a focus on professional growth, this company offers opportunities for career advancement while ensuring a collaborative environment where your contributions are recognised and appreciated. Enjoy a competitive salary and the chance to make a meaningful impact in the commercial underwriting field.
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Contact Detail:

Get Recruited (UK) Ltd Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Commercial Underwriter

✨Tip Number 1

Familiarise yourself with the specific types of commercial combined policies that the company offers. Understanding the nuances of property, liability, and business interruption coverages will help you stand out during discussions.

✨Tip Number 2

Network with professionals in the insurance industry, especially those who work in underwriting. Attend relevant events or join online forums to gain insights and potentially get referrals that could boost your application.

✨Tip Number 3

Stay updated on current market trends and emerging risks in the insurance sector. Being knowledgeable about these topics will not only enhance your conversations but also demonstrate your commitment to the role.

✨Tip Number 4

Prepare to discuss your previous underwriting experiences in detail, particularly how you've assessed risk and made decisions. Highlighting specific examples will showcase your expertise and confidence in the field.

We think you need these skills to ace Commercial Underwriter

Commercial Underwriting
Risk Assessment
Policy Analysis
Financial Statement Review
Loss History Evaluation
Industry Trend Analysis
Negotiation Skills
Regulatory Compliance
MS Office Proficiency
Communication Skills
Attention to Detail
Problem-Solving Skills
Team Collaboration
Adaptability
Target Achievement

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your experience specifically in underwriting commercial combined insurance policies. Include relevant achievements and metrics that demonstrate your ability to meet targets.

Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your experience with risk assessment and your ability to collaborate with brokers and agents, as these are key aspects of the job.

Highlight Relevant Skills: Emphasise your proficiency in MS Office and any other software you’ve used in underwriting. Also, mention your communication skills, especially your ability to convey complex information clearly to various stakeholders.

Show Your Ambition: In your application, express your desire to grow within the company. Share examples of how you've taken initiative in previous roles and how you plan to contribute positively to the team.

How to prepare for a job interview at Get Recruited (UK) Ltd

✨Know Your Policies

Make sure you have a solid understanding of commercial combined insurance policies. Be prepared to discuss the specifics of property, liability, and business interruption coverages, as well as how you assess risk factors.

✨Showcase Your Experience

Highlight your previous experience in underwriting, especially if you have worked with commercial combined products. Be ready to share examples of how you've successfully assessed applications and made informed decisions.

✨Demonstrate Communication Skills

Since the role involves collaborating with brokers and agents, practice articulating your thoughts clearly. Prepare to discuss how you communicate complex information to clients with varying levels of knowledge.

✨Stay Informed on Industry Trends

Research current trends and emerging risks in the insurance industry. Being knowledgeable about market conditions will show your commitment to staying updated and adapting your underwriting strategies accordingly.

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