At a Glance
- Tasks: Underwrite airline insurance, develop broker relationships, and manage client accounts.
- Company: Join Starr Insurance, a global leader in insurance and investment since 1919.
- Benefits: Enjoy first-class training, inclusive culture, and opportunities for global travel.
- Why this job: Be part of a fast-growing company with a focus on professional development and teamwork.
- Qualifications: Knowledge of airline insurance and ongoing ACII accreditation required.
- Other info: Starr values diversity and is committed to creating an inclusive workplace.
The predicted salary is between 36000 - 60000 £ per year.
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Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Roles and Responsibilities
- Underwrite profitable business for all sub lines of Airline Insurance in accordance with business plans
- Develop broker relationships and optimise opportunities for new business
- Explore client and company knowledge to identify and optimise cross-selling opportunities
- Global Business travel to service existing and prospective client base
- Ongoing engagement with brokers in order to preserve existing business and follow up on outstanding quotations.
- Adhere to all Starr underwriting standards as outlined in the Underwriting Manual.
- Obtain sign-off for all business that is in excess of agreed authority levels or where any factor falls below rating guidelines.
- Ensure that underwriting documentation, both paper and electronic, is accurate, complete, up-to-date and meets company standards.
- Ensure that the policy wordings and clauses are slip referenced and agreed.
- Ensure that all accounts are contract certain at the time of binding.
- Reconcile and report all premiums due versus received in order to manage credit control.
- Ensure that the file is complete and contains all relevant documents. Obtain any outstanding items from the broker or underwriter in readiness for Peer Review.
- Provide technical training to newly joining or less experienced members of the team.
- Delegate tasks for development purposes and provide appropriate support and supervision.
- Ensure that all accounts are contract certain.
Experience
- Good knowledge of class of business;
- Knowledge of Lloyd’s and London Market processing arrangements for premiums and claims;
- Up-to-date knowledge of claims to inform future underwriting decisions;
- Understanding of Business Plan.
Skills
- Analytical and problem solving skills;
- Negotiation, judgment and decision making skills;
- Professional business writing and presentation skills;
- Strong communicator, both written and oral;
- Technical coaching;
- Business development; and
Systems & IT
- Eclipse;
- Salesforce; and
- MS Office – Excel, Access, Word and Outlook.
Qualifications
- Ongoing ACII accreditation.
Starr is an equal opportunity employer, which means we\’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we\’re committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
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Airline Underwriter employer: Starr Insurance Companies
Contact Detail:
Starr Insurance Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Airline Underwriter
✨Tip Number 1
Familiarise yourself with the specific underwriting standards and practices of Starr Insurance Companies. Understanding their unique approach will help you align your discussions and demonstrate your knowledge during interviews.
✨Tip Number 2
Network with professionals in the airline insurance sector, especially those who have experience with Starr or similar companies. Engaging with industry contacts can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on current trends and challenges in the airline industry, as well as the broader insurance market. This knowledge will not only enhance your conversations but also showcase your proactive approach to potential employers.
✨Tip Number 4
Prepare to discuss your analytical and problem-solving skills in detail. Be ready to provide examples of how you've successfully navigated complex underwriting scenarios in the past, as this will be crucial for the role.
We think you need these skills to ace Airline Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Airline Underwriter position. Tailor your application to highlight relevant experience and skills that align with the job description.
Craft a Strong CV: Your CV should clearly outline your experience in underwriting, particularly in airline insurance or related fields. Use bullet points to detail your achievements and responsibilities in previous roles, focusing on quantifiable results where possible.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Highlight your analytical skills, negotiation abilities, and any relevant experience with Lloyd’s and London Market processing arrangements. Make it personal and specific to Starr Insurance Companies.
Proofread Your Application: Before submitting, thoroughly proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an underwriting role.
How to prepare for a job interview at Starr Insurance Companies
✨Know Your Underwriting Basics
Make sure you have a solid understanding of airline insurance and the specific underwriting standards set by Starr Insurance Companies. Brush up on your knowledge of Lloyd’s and London Market processing arrangements, as this will be crucial in demonstrating your expertise during the interview.
✨Showcase Your Analytical Skills
Prepare to discuss examples where you've used your analytical and problem-solving skills in previous roles. Be ready to explain how you approach decision-making and negotiation, as these are key skills for an Airline Underwriter.
✨Demonstrate Relationship Building
Since developing broker relationships is a significant part of the role, think of instances where you've successfully built and maintained professional relationships. Highlight your communication skills and how they contribute to business development.
✨Familiarise Yourself with Technical Tools
Get comfortable with the systems mentioned in the job description, such as Eclipse and Salesforce. Being able to discuss your experience with these tools will show that you're prepared and tech-savvy, which is essential for the role.