At a Glance
- Tasks: Underwrite a diverse portfolio, assess risks, and build relationships with brokers.
- Company: Aon is a global leader in insurance, dedicated to better decision-making and client success.
- Benefits: Enjoy hybrid work flexibility, Global Wellbeing Days, and a supportive, inclusive culture.
- Why this job: Gain unique experience across 19 lines of business in a dynamic, collaborative environment.
- Qualifications: A levels or equivalent, strong communication skills, and a passion for underwriting.
- Other info: Aon values diversity and offers reasonable adjustments for applicants with disabilities.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Do you have an insurance background and/or experience in the Lloyds of London Market? Do you have a passion for Underwriting and want to Underwrite the market's leading multi-line facility? Aon Client Treaty (ACT) is AUM’s flagship facility and writes 19 different lines of business from Property to Marine to D&O and Product Recall.
A role in the Underwriting team will give a junior Underwriter the opportunity to write 19 lines, gaining invaluable experience that is unique in the market, building relationships with a wide variety of broking teams to ensure Aon’s client needs are met. This is a hybrid role with the flexibility to work both virtually and from our London office.
Aon is in the business of better decisions. At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.
AUM undertakes underwriting and claims handling services on behalf of insurers and delivers expertise in specific product ranges or trade sectors. AUM focuses on commercial insurance products across Accident and Health, Property and Casualty, Financial Lines and Marine sectors. AUM fulfils many of the roles of an insurance company: underwrites (evaluates the risks and exposures of potential clients against the insurance covers), prices (determines the premium that is charged to insure that risk), issues policies, mid-term adjustments and renewals, and on some facilities, manages the claims handling and settlement. AUM has an in-depth understanding of the diverse range of solutions that we offer, and our insurance products are specially designed and unique to Aon.
What the day will look like:
- Underwriting a portfolio of multiple lines of business.
- Assessing, processing, and binding new and renewal business and endorsements within agreed timescales.
- Timely completion of pre-bind and post-bind administrative processes.
- Ensuring that individual risks are processed promptly and in accordance with the Delegated Underwriting Authority.
- Recording of risk details on a Policy Administration System in an accurate and timely fashion.
- Liaising with brokers and internal departments for risk information.
- Building an excellent working relationship with the Global Broking Centre Team.
- Referring risks to our insurer panel where necessary.
- Participating in regular meetings to ensure the ongoing success and adoption of ACT.
Skills and experience that will lead to success:
- Prior experience in an underwriting support role will be looked upon favourably.
- Minimum A level standard (or equivalent).
- Good written and oral communication skills.
- Self-disciplined and organised.
- Team player.
- High level of numeracy.
- Computer literacy including competent in Microsoft Office.
- Professional - CII or partially CII qualified would be an advantage.
How we support our colleagues:
In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working! Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email.
Delegated Authority Underwriter employer: Aon
Contact Detail:
Aon Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Authority Underwriter
✨Tip Number 1
Familiarise yourself with the Lloyd's of London market and its unique underwriting practices. Understanding the nuances of this market will not only boost your confidence but also demonstrate your commitment to the role during interviews.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work in underwriting or have experience with Aon. Attend industry events or join relevant online forums to build connections that could provide insights or referrals.
✨Tip Number 3
Stay updated on current trends and challenges in the insurance sector, particularly in multi-line facilities. This knowledge will help you engage in meaningful conversations during interviews and showcase your proactive approach.
✨Tip Number 4
Prepare to discuss your organisational skills and how you manage multiple tasks effectively. Given the role involves processing various lines of business, demonstrating your ability to stay organised under pressure will be crucial.
We think you need these skills to ace Delegated Authority Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting and any specific roles you've held in the Lloyd's of London Market. Emphasise skills that align with the job description, such as communication, numeracy, and organisation.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for underwriting and your understanding of Aon's multi-line facility. Mention how your background aligns with their needs and express your enthusiasm for contributing to their team.
Highlight Relevant Qualifications: If you have any qualifications related to insurance, such as CII or equivalent, make sure to mention them prominently. This will demonstrate your commitment to the field and enhance your application.
Showcase Teamwork and Communication Skills: In your application, provide examples of how you've successfully worked in teams and communicated effectively in previous roles. Aon values collaboration, so illustrating these skills will strengthen your candidacy.
How to prepare for a job interview at Aon
✨Show Your Insurance Knowledge
Make sure to brush up on your insurance knowledge, especially regarding the Lloyds of London Market. Be prepared to discuss specific lines of business and demonstrate your understanding of underwriting principles.
✨Highlight Relevant Experience
If you have prior experience in an underwriting support role, be sure to mention it. Discuss how your previous roles have prepared you for this position and how they align with Aon's needs.
✨Demonstrate Communication Skills
Since the role involves liaising with brokers and internal teams, showcase your written and oral communication skills during the interview. Practice articulating your thoughts clearly and confidently.
✨Emphasise Teamwork and Organisation
Aon values team players, so be ready to share examples of how you've successfully worked in a team environment. Also, highlight your organisational skills and how you manage multiple tasks efficiently.