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For Companies At a Glance
- Tasks: Join our Hull and War team to underwrite and manage a profitable portfolio.
- Company: Beazley is a leading insurance company known for its innovative solutions and strong market reputation.
- Benefits: Enjoy a collaborative culture, professional development opportunities, and a commitment to ethical practices.
- Why this job: Make an impact in the insurance industry while working with a dynamic team and building valuable skills.
- Qualifications: A minimum graduate level education with strong analytical and communication skills is required.
- Other info: Embrace Beazley's core values: Being Bold, Striving for Better, and Doing the Right Thing.
The predicted salary is between 36000 - 60000 £ per year.
General
Job Title: Underwriter – Hull and War
Division: Hull and War
Reports To: Focus Group Leader, Hull and War
Key Relationships: Brokers, Underwriters, claims staff, other Staff, Coverholders, external Clients and Suppliers
Job Summary:
To underwrite an Hull and War account within the Hull and War Team and provide counsel and advice on Underwriting related issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand.
Key Responsibilities:
Underwriting
- Develop and underwrite a profitable portfolio of Hull and War business as part of the Hull and War team.
- Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing.
- Monitor premiums, costs, and claims ratios per contract and take corrective measures if necessary to ensure long-term profitability at the account level.
- Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure, and the Underwriting and general administration costs to ensure profitability, using rating models as applicable.
- Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost-effective administration of the Hull and War account.
- Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Hull and War.
- Comply with Beazley\’s underwriting control standards for business written through Lloyd\’s or Beazley\’s internal MGAs.
- Develop a good working relationship with the claims managers on this class of business.
- Production of business plans/research documents for the M&A account as required.
Core Values and Additional Expectations:
It is important that within all your interactions both internally and externally you adhere to Beazley\’s core values – Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
- Comply with Beazley procedures, policies, and regulations including the code of conduct which incorporates FCA and PRA Conduct rules.
- Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
- Display business ethics that uphold the interests of all our customers.
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
- Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit), and keep up to date with developments in these areas. This may include Beazley\’s underwriting control standards, claims control standards, other Beazley standards, and customer relationship management.
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification:
Education and Qualifications
- Minimum graduate level education
Skills and Abilities
- Proficient underwriting skills
- Accurate and numerate
- Good working knowledge of MS Office, with advanced Excel skills
- Strong analytical skills with attention to detail
- Effective communication skills, both verbally and in writing
- Ability to manage time, meet deadlines, and prioritize
- Motivational skills
Knowledge and Experience
- General commercial and financial knowledge
- Conceptual thinking
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Underwriter - Hull & War employer: Beazley
Contact Detail:
Beazley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Hull & War
✨Tip Number 1
Familiarise yourself with the Hull and War insurance market. Understanding current trends, key players, and recent developments will help you engage in meaningful conversations during interviews and demonstrate your passion for the field.
✨Tip Number 2
Network with professionals in the underwriting sector. Attend industry events or join relevant online forums to connect with brokers and underwriters. Building these relationships can provide valuable insights and potentially lead to job referrals.
✨Tip Number 3
Brush up on your analytical skills and Excel proficiency. Since the role requires strong analytical abilities and advanced Excel skills, consider taking online courses or tutorials to enhance these skills before your interview.
✨Tip Number 4
Prepare to discuss your approach to risk assessment and decision-making. Be ready to share examples of how you've successfully evaluated risks in previous roles, as this will showcase your expertise and fit for the Underwriter position.
We think you need these skills to ace Underwriter - Hull & War
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Underwriter - Hull & War position. Familiarise yourself with the key tasks such as underwriting, risk evaluation, and compliance with Beazley’s standards.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job description. Emphasise your proficiency in underwriting, analytical skills, and any experience you have in the Hull and War sector.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the industry. Mention specific examples of how your background and skills make you a great fit for the Hull and War team at Beazley.
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 for an underwriter.
How to prepare for a job interview at Beazley
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially in Hull and War. Be prepared to discuss how you would structure tailor-made solutions and evaluate risk premiums. This will show that you understand the core responsibilities of the role.
✨Demonstrate Analytical Skills
Since strong analytical skills are crucial for this position, be ready to provide examples of how you've used these skills in past roles. Discuss any experience you have with monitoring premiums, costs, and claims ratios, as well as how you’ve taken corrective measures to ensure profitability.
✨Emphasise Teamwork and Communication
Highlight your ability to work collaboratively with brokers, claims staff, and other underwriters. Share specific instances where effective communication led to successful outcomes, as this aligns with Beazley’s core values of teamwork and doing the right thing.
✨Showcase Your Ethical Standards
Be prepared to discuss how you uphold business ethics and ensure fair outcomes for customers. This is particularly important for Beazley, so share examples of how you've navigated ethical dilemmas in your previous roles.
