At a Glance
- Tasks: Assess risks, price exposures, and manage client relationships in professional liability underwriting.
- Company: Join a collaborative and innovative company that enables possibilities for clients and communities.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Dynamic role with opportunities for growth and collaboration across departments.
- Why this job: Make a real impact by helping clients achieve their goals through expert underwriting.
- Qualifications: University degree, professional certification, and experience in PI underwriting required.
The predicted salary is between 50000 - 65000 £ per year.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
Underwriting position within the PI team requires an experienced underwriter in the PI class. Role will support the Line of Business Head in the marketing, underwriting and servicing of business.
Key Responsibilities:- Assessment of suitability of risks (renewals and new business), pricing exposures in accordance with approved rating model, discretionary pricing mechanisms, and general business unit guidelines.
- Identify the need for and evaluate additional risk assessment information including Underwriter Representatives’ reports, actuarial and financial reports and statements; and any / all other publicly available information.
- Source input from, and work in conjunction with stakeholders in other departments including claims, actuarial, and operations.
- Maintain ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyse and interpret coverage, explain underwriting requirements and expectations, and present terms.
- Oversee risks through the life-cycle of a policy: pre-renewal, renewal, ongoing management.
- Provide best in class service to internal and external stakeholders.
- Perform marketing activities including maintenance of key producer and client relationships.
- Regularly meet with clients formally and informally.
- Keep up to date with pertinent market developments.
- Implement ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.
- Support LOB Head in development and implementation of business planning, data analysis, management and Lloyd’s reporting.
- Technical and analytical skills
- Client & broker relationship management
- Regulatory & compliance awareness
- Problem solving, negotiation & decision making
- Strong interpersonal and leadership skills demonstrating an ability to teach, influence and motivate others
- Strong written and verbal communication skills
- University degree and professional certification desired with suitable underwriting experience
- Knowledge and understanding of rating, coverage and regulations that cover the class of business.
- Experience in a PI underwriting position
- Demonstrated competence in maintaining broker/client relationships.
Underwriter, Professional Liability employer: ARCH EUROPE INSURANCE SERVICES LTD
At Arch Europe Insurance Services Ltd, we pride ourselves on fostering a collaborative and innovative work environment that empowers our employees to reach their full potential. As an Underwriter in the Professional Liability team, you will benefit from a culture that values expertise and continuous learning, with ample opportunities for professional growth and development. Our commitment to providing best-in-class service ensures that you will be part of a dynamic team dedicated to making a meaningful impact in the insurance industry.
Contact Details:
ARCH EUROPE INSURANCE SERVICES LTD Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Professional Liability
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those in professional liability. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Show off your expertise! Prepare a portfolio or a presentation that highlights your past underwriting successes and how you’ve tackled challenges. This will set you apart during interviews.
✨Tip Number 3
Stay updated on market trends! Knowing the latest developments in professional liability will not only impress interviewers but also help you engage in meaningful conversations with potential employers.
✨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, Professional Liability
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter position. Highlight your experience in professional liability underwriting and any relevant qualifications. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how you can contribute to our collaborative culture. Let us know what makes you the perfect fit for our team.
Showcase Your Skills:Don’t forget to highlight your technical and analytical skills, as well as your ability to manage client and broker relationships. We’re looking for someone who can problem-solve and communicate effectively, so make sure these skills stand out!
Apply Through Our Website:We encourage you to apply through our website for a seamless application process. It’s the best way for us to receive your application and get to know you better. We can’t wait to see what you bring to the table!
How to prepare for a job interview at ARCH EUROPE INSURANCE SERVICES LTD
✨Know Your Stuff
Make sure you brush up on your technical and analytical skills related to professional liability underwriting. Familiarise yourself with the latest regulations, coverage options, and pricing models. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Relationship Skills
Since this role involves maintaining broker and client relationships, be prepared to discuss your past experiences in managing these connections. Think of specific examples where you successfully navigated challenges or built strong partnerships. This will demonstrate your interpersonal skills and ability to influence others.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving and decision-making abilities. Practice articulating how you would evaluate risks, handle renewals, or manage client expectations. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
✨Stay Updated on Market Trends
Keep yourself informed about current market developments in the professional liability sector. Being able to discuss recent trends or changes during your interview will show that you’re proactive and engaged in the industry, which is a big plus for any underwriter.
