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 - 70000 £ 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 employer: Arch Insurance
As an Underwriter in our Professional Liability team, you will thrive in a dynamic work environment that prioritises collaboration and professional growth. We offer competitive benefits, a supportive culture that values innovation, and opportunities for continuous learning, all set in a vibrant location that fosters both personal and professional development. Join us to be part of a forward-thinking company that is committed to providing exceptional service and building lasting relationships with clients and stakeholders.
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
Showcase your expertise! When you get the chance to meet potential employers or clients, don’t hold back on sharing your insights about risk assessment and pricing strategies. It’ll set you apart as a knowledgeable candidate.
✨Tip Number 3
Stay updated with market trends! Regularly read up on developments in the professional liability space. This knowledge will not only help you in interviews but also in conversations with stakeholders.
✨Tip Number 4
Apply through our website! We’ve got a streamlined process that makes it easy for you to showcase your skills. Plus, it shows us you’re serious about joining our team!
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 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 underwriting experience and how you’ve successfully managed client relationships.
Showcase Your Analytical Skills:Since this role requires strong analytical skills, don’t forget to mention any relevant experiences where you've assessed risks or evaluated data. We love seeing how you approach problem-solving!
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’s super easy!
How to prepare for a job interview at Arch Insurance
✨Know Your Underwriting Stuff
Make sure you brush up on your knowledge of professional liability underwriting. Understand the key responsibilities outlined in the job description, like risk assessment and pricing exposures. Being able to discuss these topics confidently will show that you're not just familiar with the role but also passionate about it.
✨Showcase Your Analytical Skills
Prepare examples that highlight your technical and analytical skills. Think of situations where you've successfully assessed risks or made decisions based on data analysis. This will demonstrate your ability to evaluate additional risk assessment information and make informed choices, which is crucial for this position.
✨Build Rapport with Stakeholders
Since the role involves liaising with various stakeholders, practice how you'll communicate effectively with them. Prepare to discuss your experience in maintaining broker/client relationships and how you’ve collaborated with other departments like claims and actuarial. This will show that you can work well in a team and provide top-notch service.
✨Stay Updated on Market Trends
Familiarise yourself with current market developments related to professional liability. Being able to discuss recent trends or changes in regulations during your interview will impress the interviewers and show that you’re proactive about staying informed in your field.
