At a Glance
- Tasks: Support the Underwriting team with admin tasks and gain valuable industry experience.
- Company: Join Arch Insurance, a leading digital insurer with a collaborative culture.
- Benefits: Earn while you learn with a Level 3 Insurance Practitioner apprenticeship and career growth opportunities.
- Other info: Dynamic work environment with a focus on innovation and personal development.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: Must be 16+, living in England, and not in full-time education.
The predicted salary is between 18000 - 25000 £ per year.
About Arch Insurance International
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. We Enable Possibility.
Arch Insurance International, part of the Arch Capital Group, is a market‑leading insurer located in the UK. We provide a range of property, casualty, and specialty insurance for corporations, professional firms, and financial institutions across the UK, Europe and internationally, with a significant presence in the Lloyd’s and London Underwriting market.
Arch Insurance recognises the need to be a digital insurer and as such has shifted focus from traditional technology initiatives to agile‑driven digital initiatives, leading the commercial & specialty insurance space. Arch offers an entrepreneurial work environment that empowers the individual and encourages constant learning and growth.
People are at the centre of everything we do at Arch, and we are passionate about investing in the future talent of the insurance industry. From day one, you’ll be empowered to contribute, grow, and make a difference. Our apprenticeship roles are crafted to give you the tools, experiences, and support you need to thrive.
Key Duties
- Provide administrative and technical support to the Underwriting team as required.
- Maintain files and process, record business accounts accurately and in a timely manner on the company’s IT and administrative systems in accordance with processing standards and procedures.
- Assist the team in day‑to‑day ad‑hoc tasks when required (risk research, broker meetings, country overview reports etc. and providing updates to underwriters).
- Gain Level 3 Insurance Practitioner apprenticeship (CII Cert).
Data Input
- Enter submissions, rating models, quotes and bound policies onto the Arch underwriting systems.
- Conduct account clearance procedures with other parts of the company for risks or clash, as may be required – including catastrophe analysts, risk capture and data management teams.
- Review quality control output from Global Services and liaise with both to ensure accounts are processed on a timely basis.
Account Administration
- Assist the Underwriters with day‑to‑day underwriting operations.
- Assist in preparation of monthly & management reports.
- Undertake research activities, as directed by underwriters, for additional underwriting information from the Internet or other external sources.
- Maintain appropriate business activity logs to record submission activity or premium activity.
- Prepare standard policy documentation for underwriters’ sign‑off reports.
Account Query Resolution
- Assist in the resolution of outstanding premium receivable issues, as may be directed.
- Liaise with brokers on any outstanding information requirements.
- Resolve weekly processing reports.
General Administration
- File preparation, photocopying, scanning, document management.
- Assist underwriters at Lloyd's Box.
- Have daily contact with other teams, e.g., binder management team, finance and compliance.
- Answer telephone calls, respond to emails.
Apprenticeship Eligibility
- To start an apprenticeship, the learner will need to be:
- 16 or over.
- Living in England and not in full‑time education.
Underwriting Apprentice, Marine in London employer: archgroup
archgroup is an exceptional employer that fosters a dynamic and supportive work culture in Glasgow, where innovation and collaboration thrive. With a strong focus on employee growth, we offer comprehensive training and development opportunities, ensuring our team members are equipped to excel in their roles. Join us to be part of a company that values your contributions and is committed to making a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Apprentice, Marine in London
✨Get Savvy with Industry Events
Look out for local insurance industry events and workshops. These are fantastic places to meet professionals, learn about the latest trends, and even bag yourself some insider tips. Plus, getting face-to-face time with potential employers like archgroup can really give you an edge.
✨Engage with Professional Bodies
Join organisations like the Chartered Insurance Institute (CII). They often have resources for apprentices and can connect you with mentors in the insurance field. Making connections through these bodies could lead to great opportunities at companies like archgroup.
✨Utilise Your Network
Don’t underestimate the power of your university or local career services. They often have partnerships with companies looking for apprentices. Tap into their resources—attend career fairs and book in for mock interviews to make a strong impression.
✨Apply Directly on Our Website
When you're ready to take the plunge, head straight to our website to apply for the apprenticeship at archgroup. It’s often a great way to get noticed and shows you’re genuinely interested in being part of the team.
We think you need these skills to ace Underwriting Apprentice, Marine in London
Some tips for your application 🫡
Show Your Passion for Insurance:In your cover letter, let your enthusiasm shine through! Explain why you want to dive into the insurance industry, and mention any relevant experiences, like coursework or part-time jobs. This is your chance to show how keen you are to learn and grow in the field, so don’t hold back!
Highlight Key Skills and Qualifications:Make sure to include any qualifications that are relevant to insurance, such as maths or business studies. Showcase skills like attention to detail and analytical thinking in your CV. These are golden in the insurance sector and will help you stand out as a promising candidate for an apprenticeship at archgroup.
Emphasise Your Learning Potential:As this is an apprenticeship, employers are keen to know your willingness to learn. Include specifics about how you adapt quickly and your previous learning experiences—be it tackling challenging subjects in school or taking part in relevant workshops. Let them know we’re ready to put our learning cap on!
Format Your CV for Clarity:Keep your CV concise and organised! Use bullet points to highlight your relevant experiences and ensure there's a clear structure. This will make it easy for the hiring team at archgroup to spot the important info. And remember, don’t forget to apply through our website for the best chance of getting noticed.
How to prepare for a job interview at archgroup
✨Get to Grips with Insurance Basics
Make sure you brush up on the fundamental concepts of insurance, like risk assessment and types of policies. Since you’re applying for an apprenticeship, showing genuine passion and knowledge of these basics can really set you apart, especially with questions around how you would handle scenarios in policy recommendations.
✨Know Your Numbers
Expect to get grilled on some basic calculations or case studies where you’ll need to evaluate risks and premiums. Practising these numerical skills will help, so perhaps look into common insurance scenarios and practice these calculations beforehand—confidence in your numbers can leave a solid impression!
✨Show Off Your People Skills
Insurance is all about relationships, so be ready to talk about times you've had to work in teams or communicate with clients. Think of examples from school projects or part-time jobs where you had to explain something complex clearly. This insight into your interpersonal skills can be crucial for an apprenticeship role at archgroup.
✨Be Ready for Scenario Questions
During the interview, you might face real-life scenarios to gauge your decision-making process. Take a moment to think through your answers, using the STAR method (Situation, Task, Action, Result) to structure your responses. This will clearly demonstrate your thought process and how you approach challenges in the insurance field!
