About us
Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.
We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.
Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.
The role
To appropriately underwrite risks and support the respective underwriting team in accordance with the business plan and within delegated underwriting authority with Aspen Values demonstrated in the delivery and performance.
Our Aspen Values are expected to be reflected in the delivery and performance of every role.
Key accountabilities
Strategy And Planning
- Awareness of and contribution to the delivery of the divisional business plan, referring to more Senior/Underwriters as appropriate
- Participate in all relevant meetings, in order to share and develop strategy, knowledge and best practice
- Positively promote the department, division and company as a whole, in order to maximize brand leverage
- Apply the reinsurance strategy in order to safeguard the portfolio, referring to more Senior/Underwriters as appropriate
Policy, Process and Procedures
- Perform underwriting activities, where authority given, in accordance with all legal and regulatory requirements to ensure obligations are met
- Adheres to underwriting standards, instructions and good practice to minimise risk and maximise efficiency
- Ensures the recording and measurement of reinsurance risks, including delegated underwriting authorities (DUA’s) where relevant, to ensure accuracy and good practice, developing an understanding on modifying or developing policy wordings
- Awareness and understanding of reinsurance requirements to minimize risk and to deliver business plan objectives
Environmental Awareness/Customer Focus
- Establish technical knowledge and judgement to support Senior/Underwriters with identifying issues and opportunities
- Establishes, develops and strengthens relationships with stakeholders including customers, brokers, business partners and colleagues to maximise influence and achieve business objectives
- Demonstrate support for market associations and trade bodies
- Demonstrates an understanding and awareness of market dynamics and market cycle to drive and enhance business performance
Technical Performance
- Develops expertise and technical knowledge through collaboration with Head of/Senior/Underwriters identifying and implementing appropriate learning and development activities
Skills & experience
Knowledge And Experience
- Some knowledge of market for specific class/portfolio
- Understanding of class specific underwriting
- Knowledge of underwriting process and procedures including EPA’s
- Good working knowledge of relevant underwriting systems
- Knowledge of legal and regulatory requirements (specific reference to PRA, FCA and Lloyds regulations)
- Education experience up to A-level or equivalent (preferable)
- Undertaking/Interest in completing industry qualification e.g. CII (preferable)
- Experience of working in an underwriting environment within a specialised/complex underwriting area (preferable)
- Experience of resolving underwriting queries
Other
At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.
Assistant Underwriter in London employer: Aspen Insurance
Aspen is an exceptional employer that fosters a dynamic and inclusive work environment, where respect, honesty, trust, and professionalism are at the core of our values. As an Actuary in our UK Actuarial Function, you will have the opportunity to engage in meaningful projects, develop your skills, and collaborate with talented colleagues while being rewarded for your achievements. Our commitment to employee growth and a supportive culture makes Aspen a fantastic place to advance your career in the insurance industry.
