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- Tasks: Manage and underwrite technology insurance, engaging with brokers and assessing risks.
- Company: Join Travelers, a leading insurer with over 160 years of innovation and collaboration.
- Benefits: Enjoy hybrid work options, private medical insurance, and a minimum of 25 days holiday.
- Why this job: Be part of a dynamic team that values growth, community involvement, and personal development.
- Qualifications: A Levels or similar qualification; experience in underwriting and risk assessment is essential.
- Other info: Opportunities for mentorship and training available for less experienced underwriters.
The predicted salary is between 30000 - 42000 £ per year.
2 months ago Be among the first 25 applicants
Who Are We?
Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
Who Are We?
Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
Target Openings
1
What Is the Opportunity?
Business Insurance helps companies in the UK and Ireland identify, prepare for and mitigate risks by offering a broad array of industry-specific, combined property and casualty insurance solutions to customers. This includes SME solutions traded directly, Commercial Accounts traded via brokers, and Corporate Solutions to FTSE 350 Risk Managed companies.
Are you a PI, Cyber and/ or Property & Casualty Underwriter looking to progress your career with a dynamic and specialist insurer? As Technology Underwriter you will actively engage with brokers across your region and throughout the UK, managing submissions, quotes, and binds for renewal business. You will be decisive, detail-oriented, and know how to build relationships internally and externally to drive results. Your ability to independently assess risk, negotiate terms and sell our technology products will contribute to the sustainable profitability and success of Travelers.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.
What Will You Do?
- Manage the profitability, growth, and retention of an assigned book of business comprised of routine to moderately complex accounts across most of our products.
- Underwrite and skillfully negotiate moderate risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
- Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.
- Identify and take corrective action in collaboration with your Manager / Team on individual risk characteristics identified through Portfolio Management.
- Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.
- Proactively utilise various technology platforms to quote and bind risk efficiently.
- Provide input and support the presentation of Underwriting Reviews for individual policies or portfolios and manage action points.
- Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross-selling opportunities.
- Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell Travelers products with a goal of writing and retaining accounts consistent with our risk appetite. Must be able to travel to meetings.
- Develop and execute retention plans and support the new business teams to win business that align with the team’s sales plans to drive success working in partnership with the sales team.
- Train and mentor less experienced underwriters.
- Support and collaboration for more junior members of the team, including referrals.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- A Levels or similar qualification.
- Knowledge: Good knowledge of products, the regulatory environment, and the local insurance market.
- Analytical/Critical thinking: Good critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.
- Communication/Influence: Communication skills with the ability to successfully negotiate with brokers.
- Inclusion: Ability to work with people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
- Industry / Competitor Analysis: Review competitor press releases and industry trade press for helpful insights, linking key themes together.
- Project Management: Participate in projects that involves analysis and the implementation of non-complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products.
What is a Must Have?
- Good experience of underwriting, product knowledge, financial analysis, or risk assessment experience.
What Is in It for You?
- Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
- Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
- Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.
Employment Practices
Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.
Seniority level
-
Seniority level
Not Applicable
Employment type
-
Employment type
Full-time
Job function
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Job function
Business Development
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Industries
Insurance
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Underwriter - Technology employer: Travelers Insurance Co. Ltd.
Contact Detail:
Travelers Insurance Co. Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Technology
✨Tip Number 1
Familiarise yourself with the latest trends in technology underwriting. Understanding emerging risks, especially in areas like cyber insurance, will help you stand out as a knowledgeable candidate.
✨Tip Number 2
Network with professionals in the insurance and technology sectors. Attend industry events or webinars to build relationships that could lead to referrals or insider information about the role.
✨Tip Number 3
Prepare to discuss your analytical skills and past experiences in risk assessment during interviews. Be ready to provide examples of how you've successfully managed portfolios or negotiated terms.
✨Tip Number 4
Research Travelers Europe’s culture and values. Being able to articulate how your personal values align with theirs can make a strong impression during the interview process.
We think you need these skills to ace Underwriter - Technology
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Technology Underwriter. Familiarise yourself with the key skills required, such as risk assessment and negotiation, to tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous underwriting experience, particularly in technology or related fields. Use specific examples to demonstrate your analytical skills and ability to manage risk effectively.
Showcase Communication Skills: Since the role involves building relationships with brokers, highlight your communication and negotiation skills. Provide examples of how you've successfully collaborated with others in past roles to achieve business goals.
Tailor Your Application: Customise your CV and cover letter for this specific position at Travelers. Mention their commitment to innovation and collaboration, and explain how your values align with theirs. This shows genuine interest and effort in your application.
How to prepare for a job interview at Travelers Insurance Co. Ltd.
✨Understand the Role
Make sure you have a solid grasp of what the Technology Underwriter position entails. Familiarise yourself with underwriting processes, risk assessment, and the specific products offered by the company. This will help you answer questions confidently and demonstrate your genuine interest in the role.
✨Showcase Your Analytical Skills
As an underwriter, analytical thinking is crucial. Be prepared to discuss your experience with financial analysis and risk assessment. Use specific examples from your past roles to illustrate how you've successfully evaluated risks and made informed decisions.
✨Build Rapport with Interviewers
Since relationship-building is key in this role, practice your communication skills. Engage with your interviewers by asking insightful questions about their experiences and the company culture. This not only shows your interest but also helps you connect on a personal level.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions that assess your decision-making and negotiation skills. Think of situations where you had to manage risks or negotiate terms effectively. Prepare to explain your thought process and the outcomes of your actions.
