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- Tasks: As an Underwriter I, you'll assess risks and manage client relationships while ensuring profitability.
- Company: Join AXA XL, a global leader in insurance, known for innovative risk solutions and a dynamic work culture.
- Benefits: Enjoy a collaborative environment, opportunities for growth, and the chance to work with cutting-edge technology.
- Why this job: This role offers a unique blend of analytical challenges and relationship-building in a supportive team setting.
- Qualifications: We're looking for candidates with strong analytical skills and a passion for underwriting or broking.
- Other info: This position is regulated under the Central Bank of Ireland’s Fitness and Probity regime.
The predicted salary is between 36000 - 60000 £ per year.
Underwriter I, Terrorism (Angel Risk Management)
Chelmsford, UK
Angel Risk Management specialises in underwriting products for the small to medium‑size sector on behalf of AXA XL – the global insurer that combines financial security with a nimble and empowered approach. The majority of Angel online business is underwritten either via the Angel Underwriting bespoke system from the Angel Chelmsford office or the Angel online quick quote system. A typical Angel broker would usually be a smaller and predominantly regionally focused broker, often individually owned.
AXA XL provides property, casualty, professional and specialty products to industrial, commercial and professional businesses, insurers and enterprises through the world.
As an Underwriter I, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. Your key tasks include : underwriting business within the agreed business plan and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; building and maintaining relationships with brokers and clients; supporting the design and structure of risks; support and active involvement in the recruitment process; Embed Innovative company culture & actively work with IT and other Angel teams to ensure continuous development of efficient systems
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
Discover your opportunity
What will your essential responsibilities include?
- Reviewing submissions including applications, policy wording, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.
- Calculating appropriate risk premium by considering the risk costs inherent to the sector, as well as the Underwriting and general administration costs while ensuring profitability.
- Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfilment 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.
- Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
- Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
- Taking on a senior role within the business, working collaboratively in a team environment, assisting underwriters and management team.
- Develop, underwrite, quote and bind new and renewal business.
- Deal with referrals and complex risks.
- Assist the junior members of the team by acting as a referral point for business outside of their authority.
- Deal efficiently with broker queries as they arise.
- Reinforce and build new partnerships and relationships with brokers.
- Lead & / or support the development and running of new Angel products and propositions.
You will report to The Head of Angel.
Share your talent
We’re looking for someone who has these abilities and skills
- Under technical direction, works within significant limits and authority on assignments of higher technical complexity and coordination.
- Possesses demonstrated technical knowledge and skills (underwriting or broking), including product and industry (Property and Terrorism), reflective of successful progression through various job family levels.
- Advanced analytical, negotiation and sales / marketing skills.
- Excellent written and oral communication skills.
- Interpersonal Savvy – Demonstrated ability to build and maintain insured and broker contacts.
- Collaborative team player who provides creative solutions and ideas for resolution.
- Advanced technical skills particularly with wordings.
Find your future
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid‑sized companies, multinationals and even some inspirational individuals we don’t just provide re / insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data‑driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business – property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Inclusion & Diversity
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Underwriter I, Terrorism (Angel Risk Management) employer: AXA Group
Contact Detail:
AXA Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter I, Terrorism (Angel Risk Management)
✨Tip Number 1
Familiarise yourself with the specific underwriting processes and products related to terrorism insurance. Understanding the nuances of this niche market will help you stand out during interviews and discussions.
✨Tip Number 2
Network with professionals in the insurance and underwriting sectors, especially those who focus on terrorism or specialty risks. Attend industry events or join relevant online forums to build connections that could lead to referrals.
✨Tip Number 3
Stay updated on current events and trends related to terrorism and risk management. Being knowledgeable about recent developments can demonstrate your commitment and expertise during conversations with potential employers.
✨Tip Number 4
Prepare to discuss your analytical and negotiation skills in detail, as these are crucial for an Underwriter I role. Think of specific examples from your past experiences where you successfully assessed risks or negotiated terms.
We think you need these skills to ace Underwriter I, Terrorism (Angel Risk Management)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Underwriter I at Angel Risk Management. Familiarise yourself with underwriting processes, risk assessment, and the specific requirements for the role.
Tailor Your CV: Customise your CV to highlight relevant experience in underwriting, risk management, and client relationship management. Use keywords from the job description to ensure your CV aligns with what the company is looking for.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the insurance industry, particularly in property and terrorism sectors. Mention specific skills such as analytical abilities and communication skills that are essential for the role.
Highlight Relevant Skills: In your application, emphasise your technical knowledge, negotiation skills, and ability to work collaboratively. Provide examples of how you've successfully managed client relationships or complex risks in previous roles.
How to prepare for a job interview at AXA Group
✨Understand the Role
Make sure you have a solid grasp of what an Underwriter I does, especially in the context of terrorism risk management. Familiarise yourself with the specific responsibilities listed in the job description, such as reviewing submissions and calculating risk premiums.
✨Showcase Your Analytical Skills
Since the role requires advanced analytical skills, be prepared to discuss your experience with data analysis and risk assessment. Bring examples of how you've successfully evaluated risks in previous roles or projects.
✨Prepare for Relationship Management Questions
The job involves building and maintaining relationships with brokers and clients. Think of instances where you've successfully managed client relationships or resolved conflicts, and be ready to share these stories during the interview.
✨Demonstrate Team Collaboration
As a collaborative team player, it's important to highlight your ability to work well with others. Prepare examples of how you've contributed to team success in past roles, particularly in high-pressure situations or complex projects.
