At a Glance
- Tasks: Assess risks, price exposures, and manage policies in a dynamic underwriting role.
- Company: Join a leading insurance firm with a focus on professional liability.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Collaborative culture with opportunities for growth and learning.
- Why this job: Make a real impact by managing risks and building client relationships.
- Qualifications: University degree, professional certification, and experience in PI underwriting.
The predicted salary is between 50000 - 65000 £ per year.
Underwriting position within the PI team requiring 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 Representative’s 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, analyze 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.
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
- Experience in a PI underwriting position
- Demonstrated competence in maintaining broker/client relationships.
Underwriter, Professional Liability in London employer: Arch Insurance
As an Underwriter in the Professional Liability team, you will thrive in a dynamic and supportive environment that prioritises professional growth and collaboration. Our company fosters a culture of excellence, offering comprehensive training and development opportunities while encouraging innovation and teamwork. Located in a vibrant area, we provide a competitive benefits package and a commitment to work-life balance, making us an exceptional employer for those seeking a rewarding career in underwriting.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Professional Liability in London
✨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
Prepare for interviews by brushing up on your technical and analytical skills. Be ready to discuss how you assess risks and manage relationships with clients and brokers. Show them you’re the best fit for their team!
✨Tip Number 3
Stay updated on market trends and developments in professional liability. This knowledge 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! We’ve got loads of opportunities waiting for you, and applying directly can give you an edge over other candidates. Let’s get you that underwriter role!
We think you need these skills to ace Underwriter, Professional Liability in London
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 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 the perfect fit for our PI team. Share specific examples of your past experiences that relate to the key responsibilities mentioned in the job description.
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 love seeing candidates who can demonstrate strong problem-solving and communication skills!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Arch Insurance
✨Know Your Underwriting Stuff
Make sure you brush up on your technical and analytical skills related to professional liability underwriting. Be ready to discuss specific cases where you've assessed risks, priced exposures, or worked with rating models. This shows you’re not just familiar with the theory but have practical experience too.
✨Show Off Your Relationship Skills
Since this role involves maintaining relationships with clients and brokers, think of examples where you've successfully managed these interactions. Prepare to talk about how you’ve influenced or motivated others in a professional setting. It’s all about demonstrating your interpersonal skills!
✨Stay Updated on Market Trends
Keep yourself informed about the latest developments in the professional liability market. Bring up any recent changes or trends during the interview to show that you’re proactive and engaged in your field. This will impress the interviewers and demonstrate your commitment to staying ahead.
✨Prepare for Problem-Solving Scenarios
Expect to face some situational questions that test your problem-solving and decision-making abilities. Think of past experiences where you had to negotiate terms or make tough decisions regarding risk assessments. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly.
