At a Glance
- Tasks: Support industry-leading Underwriters in the underwriting process for diverse global businesses.
- Company: Join AXA XL, a market leader in innovative insurance solutions.
- Benefits: Enjoy competitive pay, flexible working, and inclusive benefits tailored to your needs.
- Other info: Be part of a diverse team committed to sustainability and community support.
- Why this job: Gain hands-on experience in underwriting while making a real impact on global businesses.
- Qualifications: Strong analytical skills and a passion for customer service are essential.
The predicted salary is between 30000 - 42000 £ per year.
A market leader in Lloyd’s, this long-established and growing London-based team forms part of the London Wholesale Casualty business unit and underwrites general liability risks for a vast array of businesses around the world. The portfolio includes risks via the open market and via facilities and delegated authority arrangements, ranging from railways in Australia to ski resorts in Canada to chemical plants in South America and to hotels in the Caribbean. Every day is different and presents new challenges, and we strive to find tailored solutions for our insureds that protect their businesses for the long-term.
As an Assistant Underwriter you will work with our industry leading Underwriters to support them through the underwriting process for new and renewal business, ensuring that our clients and brokers experience the highest level of service. You will have the opportunity to work with our Actuarial experts to learn how to use pricing models and systems to support the underwriting process, as well as building your experience to enhance your own underwriting authority.
Your role as an Assistant Underwriter will include:
- Preparing underwriting proposals, working with the Actuarial Pricing team where needed, to present to the Underwriter
- Conducting research and analysis on companies, industries or locations for potential new business
- Reviewing renewal proposals and endorsement requests for existing business
- Ensuring all underwriting activities are documented on the underwriting systems to the required data quality standards
- Preparing monthly reports on underwriting activity
- Building an internal network to support sharing of information and data between functions
You will report to the Underwriting Manager.
We’re looking for someone who has these abilities and skills:
- Proven experience of underwriting with demonstrable track record of writing a profitable portfolio within the line of business
- Good industry knowledge and awareness of factors affecting this market
- Excellent customer service skills, including excellent written and verbal communication skills
- Demonstrable analytical, negotiation and sales skills
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.
Who we are:
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.
Assistant Underwriter in London employer: AXA XL
AXA XL is an exceptional employer, offering a dynamic work environment in the heart of London where every day presents new challenges and opportunities for growth. With a strong commitment to inclusion and diversity, employees benefit from flexible working arrangements, robust family-friendly leave policies, and a culture that encourages personal and professional development. The company also prioritises sustainability, ensuring that employees can contribute to meaningful initiatives while enjoying competitive compensation and comprehensive benefits.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Underwriter in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like AXA XL). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like AXA XL. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Assistant Underwriter in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at AXA XL.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at AXA XL. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at AXA XL
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at AXA XL to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at AXA XL, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding AXA XL's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
