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- Tasks: Engage with brokers, assess risks, and set premiums for healthcare insurance.
- Company: Dynamic insurance firm with a focus on innovation and teamwork.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Why this job: Join a vital industry and make a difference in people's lives through insurance.
- Qualifications: 3+ years of underwriting experience and strong communication skills.
- Other info: Opportunities for career advancement and continuous learning.
The predicted salary is between 36000 - 60000 £ per year.
Duties and Responsibilities:
- Respond to enquiries from Brokers / Intermediaries in a courteous and helpful manner, ensuring that all information to enable the underwriting of any risk is obtained and communicated.
- Complete the key tasks of securing appropriate information and facts to identify client(s) requirements and provide & communicate quotations.
- Using the information and facts gathered, or presented by the ceding Brokers / Intermediaries, rate/set premiums, apply terms and conditions in accordance with Binding Authorities under which the jobholder has been assigned underwriting permissions.
- The jobholder, in setting rates/premiums, will utilise the company's quotation system or rating guides.
- If any quotation is accepted verbally, the jobholder will issue written confirmation, providing full details of cover, and where applicable seek proposal(s) for completion or Statement(s) of Fact(s) for checking against underwriting facts, information resting on file.
- Liase with Operations to prepare and issue invoices, policy documents, and update client records.
- The jobholder will share responsibility for dealing with any actions attaching to existing clients on mid-term adjustments and claims, occasionally referring such matters to senior colleagues.
- Maintain the system for raising renewals, which should be actioned 4-6 weeks before renewal date, produce renewal documentation and issue renewal documentation upon receipt of instructions to renew.
- Ensure that files and system records are created for new business and updated following all amendments notified by ceding Brokers / Intermediaries.
- Ensure that credit control rules are followed and that cash flow objectives are achieved.
- Maintain secure, efficient, and accurate filing systems.
- Other duties and responsibilities may be required.
Person Specification:
- 3+ years’ experience underwriting in the London market.
- Strong marketing, negotiating, and presentation skills.
- Knowledge and understanding of standard market policy and endorsement wordings.
- Professional Insurance Designation such as ACII/FCII desirable or training towards.
Healthcare Underwriter in City of London employer: Allied World
Contact Detail:
Allied World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Healthcare Underwriter in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with brokers or intermediaries. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge. Be ready to discuss how you would handle specific scenarios, like setting premiums or managing client relationships. Show us you know your stuff!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and tailor your approach to each one. We want to see your passion!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Let us know you’re keen to join the team and make an impact!
We think you need these skills to ace Healthcare Underwriter in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Healthcare Underwriter role. Highlight your experience in underwriting, especially in the London market, and showcase any relevant qualifications like ACII/FCII. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Be sure to mention your strong marketing and negotiating skills, as these are key for us.
Showcase Your Communication Skills: Since you'll be liaising with Brokers and Intermediaries, it's crucial to demonstrate your communication skills in your application. Use clear and concise language, and make sure to proofread for any errors. We appreciate attention to detail!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive and keen to join our team!
How to prepare for a job interview at Allied World
✨Know Your Stuff
Make sure you brush up on your underwriting knowledge, especially in the London market. Familiarise yourself with standard policy wordings and endorsements, as well as any recent changes in regulations or trends that could impact the industry.
✨Practice Your Communication Skills
Since you'll be liaising with brokers and intermediaries, it's crucial to demonstrate strong communication skills. Practice articulating your thoughts clearly and concisely, and be ready to showcase how you've handled client enquiries in the past.
✨Showcase Your Negotiation Skills
Prepare examples of past experiences where you've successfully negotiated terms or premiums. Highlight your ability to balance client needs with company policies, as this will show your potential employer that you can handle the demands of the role.
✨Be Ready for Scenario Questions
Expect to face scenario-based questions during the interview. Think about how you would approach underwriting decisions, manage mid-term adjustments, or deal with claims. This will help you demonstrate your problem-solving abilities and practical knowledge.