Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Underwrite business, manage risks, and provide excellent service to clients and brokers.
- Company: Join AXA XL, a leader in innovative insurance solutions.
- Benefits: Enjoy competitive pay, flexible working, and inclusive benefits.
- Why this job: Make a real impact in a dynamic environment while developing your skills.
- Qualifications: Bachelor's degree and relevant experience in underwriting required.
- Other info: Be part of a diverse team committed to sustainability and community support.
The predicted salary is between 36000 - 60000 £ per year.
AXA XL is an Equal Opportunity Employer. As an Underwriter II, you will be responsible for underwriting business within the agreed business plan and your individual authority (which is established commensurately with your role, experience and training). It is essential to be committed to provide excellent service to our clients and brokers. Necessarily, the role will require you to be present in the Office or "at Lloyd's" 3-4 days' per week.
You will be responsible for all of the underwriting activities normally associated with this type of portfolio including aggregate quantification and management, compliance, pricing and ensuring appropriate policy conditions are applied to the risk. The portfolio is a profitable, diversified book providing significant opportunity to develop and learn - as well as build the book as part of our team. It includes direct, facultative and treaty reinsurance written within a defined risk appetite. Profitable, organic growth is the core objective for the portfolio consistent with AXA XL's role as the Large Corporate and Specialty division of AXA Group.
What you'll be doing
- Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account. This includes open market (Direct & Fac) and lineslip business plus binding authorities across Lloyds and Company platforms.
- Calculating appropriate risk premium by considering the risk costs inherent to the sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
- Proactively advising, assisting, servicing and following up with clients on insurance/re-insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
- Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
- Controlling timely implementation of new and renewed accounts according to quality standards.
- In coordination with other internal teams, determining appropriate reinsurance for risk placements both on excess of loss and quota share basis.
- Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
- Supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits.
- Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.
You will report to Underwriting Manager, Accident and Health, UK/Lloyd's.
What you'll bring
- Bachelor's Degree (or equivalent).
- Experience in the relevant class of business, possessing functional knowledge and skills reflective of a fully competent practitioner.
- Established Industry Knowledge and Commercial/Business Acumen.
- Analytical, negotiation and sales/marketing skills.
- Excellent written and oral communication skills. Excellent customer service focus is a must.
- Interpersonal Savvy - Demonstrated ability to build and maintain insured and broker contacts.
- Ability to develop and understand business processes, strategy and planning.
- Collaborative team player who provides creative solutions and ideas for resolution.
What we offer
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture enables business growth and is critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Underwriter II in London employer: AXA Group
Contact Detail:
AXA Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter II in London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join online forums, or even hit up LinkedIn. The more people you know, the better your chances of landing that Underwriter II role.
✨Tip Number 2
Prepare for interviews by researching AXA XL and understanding their values. Be ready to discuss how your skills align with their goals, especially around client service and risk management. Show them you’re not just another candidate!
✨Tip Number 3
Practice your pitch! You need to be able to clearly explain your experience and how it relates to underwriting. Keep it concise but impactful – think of it as your personal brand statement.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Underwriter II in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Underwriter II role. Highlight your relevant experience and skills that match the job description, especially your analytical and communication abilities.
Showcase Your Experience: When detailing your work history, focus on your underwriting experience and any specific achievements in risk management or client relations. We want to see how you've contributed to profitable growth in previous roles.
Be Clear and Concise: Keep your application straightforward and to the point. Use clear language and avoid jargon unless it's industry-specific. This will help us quickly understand your qualifications and fit for the role.
Apply Through Our Website: We encourage you to submit your application directly through our website. This ensures it reaches the right team and gives you a chance to explore more about AXA XL and our culture while you're at it!
How to prepare for a job interview at AXA Group
✨Know Your Numbers
As an Underwriter II, you'll need to be comfortable with numbers and risk assessments. Brush up on your analytical skills and be prepared to discuss how you calculate risk premiums and manage portfolios. Bring examples of past experiences where you've successfully quantified risks.
✨Showcase Your Communication Skills
Excellent written and oral communication is key in this role. Practice explaining complex insurance concepts in simple terms. During the interview, demonstrate your ability to build rapport by engaging with your interviewer and asking insightful questions about their processes.
✨Understand the Market
Familiarise yourself with current trends in the insurance and reinsurance markets. Be ready to discuss how these trends might impact underwriting decisions. Showing that you’re aware of the broader industry context will impress your interviewers.
✨Emphasise Team Collaboration
This role requires a collaborative approach. Prepare to share examples of how you've worked effectively within a team, especially in cross-functional settings. Highlight your interpersonal skills and how they contribute to successful outcomes in underwriting.
