At a Glance
- Tasks: Join our Major Property team to underwrite and negotiate risks in a dynamic environment.
- Company: Hiscox is a leading insurer with a strong reputation in the London Market.
- Benefits: Enjoy flexible working options and a commitment to diversity in a supportive culture.
- Why this job: Be part of an exciting growth journey in middle market commercial property with a high-performing team.
- Qualifications: Analytical skills and a passion for problem-solving are essential; underwriting experience is a plus.
- Other info: Opportunity to travel and engage with clients and brokers while developing your career.
The predicted salary is between 36000 - 60000 £ per year.
About The Team/Division About The Team/division Hiscox London Market has an exciting future. In the Property Division our team of underwriters and analysts focus on Property & Alternative Risk lines written within London Market. Methods of placement range from direct and facultative, shared and layered open market placements, to binders and line slips, both digital and traditional.
Job Type Permanent
Build a brilliant future with Hiscox
The Role What You’ll Be Doing In The Role
Underwrite, price and negotiate risks submitted via the box or etrading systems
Lead, develop and maintain relations with brokers, producers and clients
Lead underwriting and sales initiatives to grow the portfolio profitably
Position yourself and Hiscox as the go-to market for Major Property in Lloyd’s
Marketing and sales of the Hiscox brand and product offerings, pitching our risk appetite and value proposition
Contribute to the development of our underwriting appetite and help refine the portfolio strategy
Wordings and contract review
Input into
Underwriter employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Familiarise yourself with the London Market and its unique characteristics. Understanding how placements work, especially in the context of middle market commercial property, will give you an edge when discussing your insights during interviews.
✨Tip Number 2
Network with professionals in the underwriting field, particularly those who have experience in commercial property. Attend industry events or join relevant online forums to build connections that could lead to valuable referrals.
✨Tip Number 3
Stay updated on current trends and challenges in the property insurance market. Being able to discuss recent developments or case studies during your interview will demonstrate your commitment and knowledge of the industry.
✨Tip Number 4
Prepare to showcase your analytical skills through practical examples. Since the role involves catastrophe modelling and actuarial analysis, be ready to discuss how you've used these skills in past experiences or how you plan to develop them further.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and expectations of the Underwriter position at Hiscox. Familiarise yourself with the specifics of underwriting middle market commercial property and the skills required.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job description. Emphasise your analytical abilities, communication skills, and any experience in underwriting or related fields.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the insurance industry. Mention specific examples of how your background and skills make you a great fit for the team at Hiscox.
Showcase Your Analytical Skills: In your application, provide examples of your analytical and decision-making skills. Discuss any experience you have with catastrophe modelling or actuarial analysis, as these are important aspects of the role.
How to prepare for a job interview at Hiscox
✨Understand the Role
Make sure you have a solid grasp of what an underwriter does, especially in the context of commercial property. Familiarise yourself with terms like TIVs, catastrophe modelling, and the nuances of pricing risks. This will show your genuine interest and preparedness.
✨Showcase Analytical Skills
Since the role requires strong analytical abilities, be ready to discuss your experience with data analysis or problem-solving. Prepare examples that highlight your mathematical skills and how you've used them in past roles or projects.
✨Demonstrate Communication Skills
As a confident communicator, you’ll need to articulate your thoughts clearly. Practice explaining complex concepts simply, as you may need to pitch risk appetites or value propositions to clients and brokers during the interview.
✨Prepare for Scenario Questions
Expect questions that assess your decision-making skills under pressure. Think of scenarios where you had to make quick decisions or solve problems, and be ready to explain your thought process and the outcomes.