At a Glance
- Tasks: Underwrite diverse business, manage portfolios, and collaborate with teams across Europe.
- Company: Leading insurance firm with a focus on innovation and growth.
- Benefits: Competitive salary, professional development, and opportunities for travel.
- Other info: Exciting career growth opportunities and a supportive work environment.
- Why this job: Join a dynamic team and make an impact in the insurance industry.
- Qualifications: 5 years underwriting experience, strong communication skills, and proficiency in Excel.
The predicted salary is between 50000 - 65000 £ per year.
Qualifications:
- 5 years experience underwriting Casualty accounts in Irish or European Retail/Wholesale market
- Spanish Speaking preferable
- Basic knowledge of underwriting Property accounts
- Strong marketing, negotiation and presentation skills
- Excellent knowledge of standard market policy and endorsement wordings
- Third level qualification
- Professional Insurance Designation (ACII/FCII) desirable
- Strong organizational skills and ability to prioritize work
- Effective interpersonal skills and teamwork ability
- Strong verbal and written communication skills
- Proficiency in Excel and PowerPoint
- Good knowledge of technical rating tools
Job Summary:
This position is responsible for underwriting a diverse book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of the overall portfolio of business within the appropriate underwriting discipline/guidelines, marketing and servicing of existing and potential insured’s. The position will also require a basic knowledge of Property insurance to assist with the underwriting of Commercial Combined business.
Duties and Responsibilities:
- Perform general underwriting functions including submission review, pricing analysis, setting terms and conditions, and quote/binder/invoice authorizations
- Ensure timely and correct issuance of bound policies
- Craft endorsement wordings for legal authorization
- Provide direction to Underwriting Support Assistant for timely processing of policy/endorsement wordings
- Perform referrals with VP Casualty and SVP Casualty as required
- Maintain underwriting files and reporting systems according to guidelines
- Consult with Actuarial Department for specific account pricing when appropriate
- Liaise with Claims Department on specific claim matters and market claim concerns
- Stay current with industry issues and developments
- Travel to meetings throughout Ireland and Europe as required
- Assist in training underwriting and support staff
- Complete project work as required
- Plan and monitor business portfolio
- Perform other assigned duties
Underwriter, Europe General Casualty Division in London employer: Allied World Assurance Company
As an Underwriter in our Europe General Casualty Division, you will thrive in a dynamic work environment that values collaboration and innovation. We offer competitive benefits, a strong focus on employee development, and opportunities for growth within the insurance sector, all while being part of a supportive team that encourages professional advancement. Located in a vibrant city, our company fosters a culture of inclusivity and excellence, making it an ideal place for those seeking meaningful and rewarding employment.
Contact Details:
Allied World Assurance Company Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Europe General Casualty Division in London
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can land you that underwriter role.
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge and market trends. We suggest practising common interview questions with a friend to boost your confidence and showcase your expertise.
✨Tip Number 3
Showcase your skills! Bring along examples of your previous work or case studies to demonstrate your underwriting prowess. We want to see how you’ve tackled challenges in the past!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Underwriter, Europe General Casualty Division in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in underwriting Casualty accounts, especially in the Irish or European market. We want to see how your skills match up with what we're looking for, so don’t be shy about showcasing your relevant qualifications!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the Underwriter role. Mention your marketing and negotiation skills, and how they can benefit our team at StudySmarter. Keep it engaging and personal!
Show Off Your Technical Skills:Since proficiency in Excel and PowerPoint is key, make sure to mention any specific projects or experiences where you've used these tools effectively. We love seeing how you can leverage technology in your underwriting processes!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the easiest way for us to keep track of your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining the StudySmarter family!
How to prepare for a job interview at Allied World Assurance Company
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially in the Casualty accounts space. Be ready to discuss your experience in the Irish or European markets and how you've tackled various underwriting challenges. This will show that you’re not just familiar with the basics but can also handle the complexities of the role.
✨Show Off Your Communication Skills
Since strong verbal and written communication skills are key for this position, practice articulating your thoughts clearly. Prepare to explain your past experiences in a way that highlights your negotiation and presentation skills. You might even want to prepare a few examples where your communication made a difference in your previous roles.
✨Get Familiar with Technical Tools
Proficiency in Excel and PowerPoint is a must, so make sure you’re comfortable using these tools. Consider preparing a small presentation or analysis that showcases your ability to use these applications effectively. This will demonstrate your technical skills and your readiness to hit the ground running.
✨Prepare for Teamwork Questions
With teamwork being crucial in this role, think of specific instances where you’ve successfully collaborated with others. Be ready to discuss how you’ve worked with underwriting support staff or liaised with other departments like Claims or Actuarial. This will help illustrate your interpersonal skills and ability to work within a team.
