At a Glance
- Tasks: Join us as a PI Underwriter, assessing risks and driving business growth.
- Company: Gallagher is a global brokerage team focused on risk management and excellence.
- Benefits: Enjoy 25+ days holiday, life insurance, health plans, and discounted gym memberships.
- Why this job: Be part of a diverse team making a real impact in the insurance industry.
- Qualifications: CII Certification preferred; a passion for learning and customer focus is essential.
- Other info: We value inclusion and are committed to supporting diverse identities and experiences.
The predicted salary is between 36000 - 60000 £ per year.
Introduction
Indulge your passion for problem-solving and embrace the thrill of addressing risk head-on at Gallagher\’s global brokerage team. Join a family of diverse minds, united by a relentless pursuit of excellence. As part of our team, you\’ll be the architect of protection, safeguarding businesses and empowering their ambitions. Together, we\’ll build a legacy of trust and triumph in the dynamic world of risk management.
We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.
Overview
As a Professional Indemnity Underwriter for Manchester Underwriting Management, a division of Pen Underwriting, you will be responsible for adding to the sustainable growth of the Professional Indemnity book by delivering profitable premium and conversion growth across the business and contributing in developing and implementation of the underwriting strategy.
You will help drive the strategic planning/direction of the business and its products. You will also be responsible for interacting and collaborating with colleagues internally and building relationships with new brokers as well as maintaining and improving existing broker relationships and partner insurers.
How you\’ll make an impact
- Underwrite and assess risk adhering to the underwriting philosophy, rules and guidelines, use of rating tools and pricing methodologies and documentation standards to maximise business growth and profitability.
- Actively participates in seeking new business opportunities within existing relationships and within the wider insurance market.
- Engaging with brokers in servicing and renewal of the existing book that supports underwriting strategy, consistent with business growth and target loss ratio.
- Taking underwriting referrals, providing expert underwriting guidance, coaching and mentoring to less experienced underwriters – helping them build product specific knowledge and sales skills amongst underwriters to ensure the profitability and sustainability of the portfolio.
- Develop and maintain strong broker relationships across the regions and contributing to the team’s goal of writing a sustainable portfolio of professional indemnity business
- Develop and leverage productive relationship within other departments to Collaborate with cross-functional teams to optimise processes and enhance overall efficiency.
- Actively participate in regularly scheduled strategy, Sales and underwriting meetings.
- Analyse market trends, competitor activities, and regulatory changes to identify opportunities and threats.
- Perform other duties and projects as assigned.
About You
- Chartered Insurance Institute (CII) Certification preferred.
- Working knowledge of the insurance marketplace. Demonstrates an ability and desire to learn about the enterprise and business unit critical business issues and financial drivers.
- General knowledge of organisational and regulatory rules, policies and procedures and effectively employs that knowledge in day-to-day work activities.
- Demonstrates basic ability in the areas of customer focus and positive broker interaction.
- Basic analytical thinking/financial acumen. Identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making.
Compensation and benefits
On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.
Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:
- Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
- Defined contribution pension scheme, which Gallagher will also contribute to
- Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
- Income protection, we’ll cover up to 50% of your annual income, with options to top up
- Health cash plan or Private medical insurance
Other benefits include:
- Three fully paid volunteering days per year
- Employee Stock Purchase plan, offering company shares at a discount
- Share incentive plan, HMRC approved, tax effective, stock purchase plan
- Critical illness cover
- Discounted gym membership, with over 3,000 gyms nationally
- Season ticket loan
- Access to a discounted voucher portal to save money on your weekly shop or next big purchase
- Emergency back-up family care
- And many more…
We value inclusion and diversity
Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.
Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.
Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.
We understand that applicants may have disabilities, if you do, you may find some parts of the recruitment process more challenging than others. Don’t worry, we’re here to help, however, we can only do this if you let us know.
Should you require reasonable adjustments to your application, please get in touch with TAGlobalSupport@ajg.com . If you’d prefer to speak on the phone, please request a call back, leaving details, so we get in touch.
Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.
Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.
Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.
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PI Underwriter employer: Arthur J. Gallagher & Co. (AJG)
Contact Detail:
Arthur J. Gallagher & Co. (AJG) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PI Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in the insurance marketplace, especially regarding Professional Indemnity. This knowledge will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those who work as underwriters or brokers. Attend industry events or join relevant online forums to build connections that could lead to job opportunities at Gallagher.
✨Tip Number 3
Prepare to discuss your analytical skills and how you've used them in past roles. Be ready to provide examples of how you've assessed risks and made decisions based on data, as this is crucial for a PI Underwriter position.
✨Tip Number 4
Showcase your ability to build and maintain relationships, especially with brokers. Think of specific instances where you've successfully collaborated with others to achieve a common goal, as this will be key in your role at Gallagher.
We think you need these skills to ace PI Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting and risk assessment. Use keywords from the job description, such as 'Professional Indemnity' and 'broker relationships', to demonstrate your fit for the role.
Craft a Compelling Cover Letter: In your cover letter, express your passion for problem-solving and risk management. Mention specific examples of how you've successfully underwritten risks or built broker relationships in the past.
Showcase Analytical Skills: Since the role requires strong analytical thinking, include examples in your application that demonstrate your ability to analyse market trends and make informed decisions based on data.
Highlight Collaboration Experience: Emphasise any experience you have working with cross-functional teams. This could include projects where you collaborated with other departments to enhance processes or achieve business goals.
How to prepare for a job interview at Arthur J. Gallagher & Co. (AJG)
✨Understand the Role
Before the interview, make sure you thoroughly understand the responsibilities of a Professional Indemnity Underwriter. Familiarise yourself with key concepts in risk assessment and underwriting strategies, as well as Gallagher's approach to these areas.
✨Showcase Your Analytical Skills
Be prepared to discuss your analytical thinking and financial acumen. Provide examples of how you've identified problems or opportunities in previous roles and how you approached them. This will demonstrate your ability to make sound decisions based on data.
✨Emphasise Relationship Building
Since the role involves maintaining and developing broker relationships, be ready to talk about your experience in building professional connections. Share specific instances where you've successfully collaborated with others to achieve business goals.
✨Prepare Questions
Have a list of thoughtful questions ready for your interviewers. This could include inquiries about Gallagher's underwriting philosophy, team dynamics, or future growth strategies. Asking insightful questions shows your genuine interest in the company and the role.