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- Tasks: Review cases, make underwriting decisions, and guide junior staff in a dynamic environment.
- Company: Join Allied World Assurance, a leading global insurance provider based in London.
- Benefits: Enjoy competitive pay, professional development opportunities, and a supportive team culture.
- Why this job: Be part of a reputable company that values innovation and customer satisfaction while making an impact.
- Qualifications: 5-10 years of property underwriting experience and strong communication skills are essential.
- Other info: This role requires travel within your designated area and offers a chance to shape policy development.
The predicted salary is between 48000 - 72000 £ per year.
Client:
Allied World Assurance Company Holdings, Ltd
Location:
London, United Kingdom
Job Category:
Other
EU work permit required:
Yes
Job Reference:
5e9651b9f44e
Job Views:
3
Posted:
29.06.2025
Expiry Date:
13.08.2025
Job Description:
Responsibilities
- Reviewing allocated cases and delivering underwriting decisions, following agreed processes at the designated authority level, to secure profitable business within the agreed risk appetite.
- Be a referral point for junior staff members and contribute to peer review processes as required to support and enable the maintenance of an effective control environment.
- Providing advice and guidance on the production of new policy wordings or reviews of existing policy wordings to ensure policy documentation is current and accurate.
- Identifying, recommending, and leading or contributing to the development and exploitation of marketing activities and product development initiatives to increase penetration of existing customers and/or expand the business mix.
- Travel within allocated geographical remit as required.
- Proactively identifying and pursuing up-selling (add-ons) and cross-selling opportunities to maximize profitable revenue potential from new and renewal business and achieve business targets.
- Managing customer interactions in an efficient, courteous, and timely manner to deliver high standards of customer satisfaction.
- Providing expert advice, guidance, and coaching to less qualified and/or experienced colleagues to address technical referrals and raise standards and expertise across the technical community.
- Seeking input from the Actuarial Department to price specific accounts when appropriate.
- Liaising with Claims Department on specific claims activity and overall market claims concerns that could affect profitability.
- Staying current with major industry issues and developments.
- Helping maintain low levels of aged debt through accurate record keeping and liaising with the Accounts Receivable team to resolve queries promptly.
- Carrying out regular and ad hoc reporting as required.
- Other duties as assigned.
Qualifications
- 5-10 years experience underwriting major Property accounts in the London market.
- Strong marketing, negotiation, and presentation skills.
- Excellent knowledge and understanding of standard market policy and endorsement wordings.
- Professional Insurance Designation such as ACII/FCII desirable.
- Organizational skills and the ability to prioritize work.
- Excellent interpersonal skills, analytical skills, and the ability to work within a team.
- Strong verbal and written communication skills.
- Excellent MS Office skills, particularly Excel skills.
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Senior Underwriter - Real Estate Property employer: Allied World Assurance Company Holdings, Ltd
Contact Detail:
Allied World Assurance Company Holdings, Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Real Estate Property
✨Tip Number 1
Network with professionals in the insurance and underwriting sectors, especially those who have experience in real estate property. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in the market.
✨Tip Number 2
Familiarise yourself with the specific underwriting processes and risk appetites of Allied World Assurance Company. Understanding their approach will help you tailor your discussions and demonstrate your alignment with their business goals during interviews.
✨Tip Number 3
Prepare to discuss your previous experiences in underwriting major property accounts, particularly in the London market. Be ready to share specific examples of how you've successfully managed risks and contributed to profitable business outcomes.
✨Tip Number 4
Stay updated on current industry issues and developments that could impact underwriting practices. This knowledge will not only enhance your conversations but also show your commitment to staying informed and proactive in your role.
We think you need these skills to ace Senior Underwriter - Real Estate Property
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly in the London market. Emphasise your skills in marketing, negotiation, and your understanding of policy wordings.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the responsibilities listed in the job description. Mention your experience with managing customer interactions and providing guidance to junior staff, as these are key aspects of the role.
Showcase Your Qualifications: If you have a professional insurance designation like ACII or FCII, make sure to highlight this prominently in your application. This will demonstrate your commitment to the field and enhance your credibility.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. Clear and concise communication is crucial, especially given the emphasis on strong verbal and written skills in the job description.
How to prepare for a job interview at Allied World Assurance Company Holdings, Ltd
✨Showcase Your Underwriting Experience
Make sure to highlight your 5-10 years of experience in underwriting major Property accounts, especially within the London market. Be prepared to discuss specific cases you've worked on and the decisions you made, as this will demonstrate your expertise and understanding of the role.
✨Demonstrate Strong Communication Skills
Since the role requires excellent verbal and written communication skills, practice articulating your thoughts clearly. You might be asked to explain complex insurance concepts, so being able to communicate effectively is key to impressing the interviewers.
✨Prepare for Technical Questions
Expect questions related to standard market policy and endorsement wordings. Brush up on your knowledge and be ready to discuss how you would approach creating or reviewing policy documentation to ensure accuracy and compliance with current standards.
✨Highlight Your Team Leadership Abilities
As a senior underwriter, you'll be a referral point for junior staff. Share examples of how you've provided guidance and support to less experienced colleagues in the past. This will show your ability to lead and contribute to a collaborative team environment.
