Underwriter

Underwriter

Full-Time 36000 - 60000 £ / year (est.) No home office possible
Arch Insurance (UK) Limited

At a Glance

  • Tasks: Assess risks, price exposures, and maintain relationships with clients and brokers.
  • Company: Join a collaborative and innovative company that enables possibilities.
  • Benefits: Competitive salary, professional development, and a supportive work environment.
  • Why this job: Solve complex problems and work with talented colleagues in a dynamic field.
  • Qualifications: University degree, underwriting experience, and strong analytical skills.
  • Other info: Great career growth opportunities and a chance to make a real impact.

The predicted salary is between 36000 - 60000 £ 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 Possibilityâ„ .

Underwriting position within the PI team requires an experienced underwriter in the PI class. Role will support the UK PI Underwriting Manager and 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 pertinent market developments.
Role Requirements Skills / Competencies:
  • 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
Qualifications:
  • 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:
  • Extensive experience in an underwriting position.
  • Demonstrated competence in maintaining broker/client relationships.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you.

Underwriter employer: Arch Insurance (UK) Limited

At Arch Europe Insurance Services Ltd, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to reach their full potential. As an Underwriter in our PI team, you will benefit from extensive professional development opportunities, a supportive environment, and the chance to work alongside industry experts in a dynamic location. Join us to be part of a team that not only values your contributions but also inspires you to achieve meaningful results for our clients and communities.
Arch Insurance (UK) Limited

Contact Detail:

Arch Insurance (UK) Limited Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriter

✨Tip Number 1

Networking is key! Reach out to professionals in the underwriting field, attend industry events, and connect with people on LinkedIn. We can help you find connections that might lead to your next opportunity.

✨Tip Number 2

Prepare for interviews by researching the company and understanding their culture. We recommend practising common underwriting scenarios and questions so you can showcase your expertise and problem-solving skills.

✨Tip Number 3

Don’t underestimate the power of follow-ups! After an interview, send a thank-you email to express your appreciation and reiterate your interest in the role. It shows professionalism and keeps you on their radar.

✨Tip Number 4

Keep an eye on our website for new job openings! We regularly update our listings, and applying directly through our site can give you an edge. Plus, it’s a great way to stay connected with us!

We think you need these skills to ace Underwriter

Underwriting Experience
Risk Assessment
Pricing Exposures
Client Relationship Management
Broker Relationship Management
Regulatory Awareness
Problem Solving
Negotiation Skills
Decision Making
Interpersonal Skills
Leadership Skills
Written Communication Skills
Verbal Communication Skills
Analytical Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your relevant experience in underwriting, especially in the PI class, and showcase your technical and analytical skills. We want to see how you can contribute to our team!

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 your skills align with our company culture of collaboration and innovation. Let us know how you can help us enable possibility!

Showcase Your Communication Skills: Strong written communication is key for this role. Make sure your application is clear, concise, and free of errors. We appreciate attention to detail, so take the time to proofread before hitting send!

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, you’ll get to explore more about our company while you’re at it!

How to prepare for a job interview at Arch Insurance (UK) Limited

✨Know Your Underwriting Stuff

Make sure you brush up on your technical and analytical skills related to underwriting. Understand the nuances of pricing exposures and risk assessment, as these will likely come up in conversation. Being able to discuss specific examples from your experience will show that you know your stuff.

✨Show Off Your People Skills

Since this role involves a lot of client and broker relationship management, be prepared to demonstrate your strong interpersonal skills. Think of instances where you've successfully influenced or motivated others, and be ready to share those stories. It’s all about showing you can build and maintain relationships!

✨Stay Current with Market Trends

Keep yourself updated on the latest market developments in the PI sector. This knowledge will not only impress your interviewers but also help you answer questions about how you would approach underwriting in a changing environment. Bring up recent news or trends during your interview to showcase your awareness.

✨Prepare for Problem-Solving Questions

Expect to face questions that assess your problem-solving and decision-making abilities. Think of complex business problems you've tackled in the past and how you approached them. Be ready to explain your thought process and the outcomes, as this will highlight your analytical mindset.

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