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- Tasks: Underwrite international delegated accounts and provide expert advice on insurance matters.
- Company: Beazley, a leading insurance firm with a strong market reputation.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: Graduate level education and proficient underwriting skills required.
- Other info: Opportunities for career growth and networking within a supportive team.
The predicted salary is between 36000 - 60000 £ per year.
General
- Job Title: Underwriter – Delegated Underwriting, Private Enterprise
- Division: Specialty Lines
- Reports To: As per Beazley's organisation chart
- Key Relationships: Brokers, Underwriters, Claims staff, Coverholders, external Clients and Suppliers
Job Summary:
To underwrite an International Delegated account within the Specialty Lines team and provide counsel and advice on underwriting related issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand.
Key Responsibilities:
- Underwriting
- Develop and underwrite a profitable portfolio of International Delegated business as part of the Specialty Lines team.
- Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing.
- Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.
- Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable.
- Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the International account.
- Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Specialty Lines.
- Comply with Beazley's underwriting control standards for business written through Lloyd's or Beazley's internal MGAs.
- Develop a good working relationship with the claims managers on this class of business.
- Client Management
- Advise, assist and service clients on insurance and risk matters to ensure clients' satisfaction.
- Foster positive relationships with clients to get a mutual understanding of both their and Beazley's needs.
- Maintenance of good business relationships with brokers.
- Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.
- General
- Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.
- Develop best practice and disseminate business and class knowledge within the International Delegated and Specialty Lines team.
- Work with peers within International Delegated and Specialty Lines teams to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.
- Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group.
- Production of presentations and marketing literature as required.
- Production of business plans/research documents for the International Delegated account as required.
Personal Specification:
- Education and Qualifications
- Minimum graduate level education
- Skills and Abilities
- Proficient underwriting skills
- Accurate and numerate
- Computer skills – good working knowledge of MS Office, advanced Excel skills
- Strong analytical skills with attention to detail
- Able to communicate effectively with others, both verbally and in writing
- Ability to manage time, meet deadlines and prioritise
- Ideally European language(s) in addition to English
- Knowledge and Experience
- General commercial and financial knowledge
- Experience in insurance industry
- Experience of international professional indemnity underwriting
- Thorough knowledge of underwriting policy, philosophy and practice
- Advanced knowledge of underwriting processes and systems
- Client service experience
- Aptitude and Disposition
- Result focused, self-motivated, flexible and enthusiastic
- Professional approach to interact successfully with managers/colleagues/external suppliers
- Team worker as well as able to work on own initiative
- Customer focused, with a strong ethic of service and fairness to the customer
- Competencies
- Achievement drive
- Analytical thinking
- Strategic thinking
- Service focus
- Team working
- Forward thinking
- Conceptual thinking
Underwriter - Delegated Authority in London employer: Beazley Management Limited
Contact Detail:
Beazley Management Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Delegated Authority in London
✨Tip Number 1
Networking is key! Get out there and connect with industry professionals, attend events, and join relevant online groups. The more people you know, the better your chances of landing that underwriter role.
✨Tip Number 2
Practice your pitch! Be ready to explain your experience and how it aligns with the role. Tailor your message to highlight your underwriting skills and client management experience, making sure to show how you can add value to the team.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After interviews or networking events, drop a quick thank-you email. It shows your enthusiasm and keeps you on their radar, which can make all the difference.
✨Tip Number 4
Apply through our website! We’ve got loads of opportunities waiting for you. Plus, it’s a great way to ensure your application gets seen by the right people in our team.
We think you need these skills to ace Underwriter - Delegated Authority in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Underwriter role. Highlight your underwriting expertise and any relevant experience in the insurance industry to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how you can contribute to our Specialty Lines team. Be genuine and let your personality come through.
Showcase Your Analytical Skills: Since this role requires strong analytical skills, be sure to include examples of how you've used these skills in past roles. Whether it's evaluating risk or monitoring claims ratios, we want to see your thought process!
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and keep track of all the amazing candidates like you!
How to prepare for a job interview at Beazley Management Limited
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially in the context of international delegated authority. Be prepared to discuss specific underwriting policies and how you've applied them in past roles. This will show that you’re not just familiar with the theory but can also put it into practice.
✨Showcase Your Analytical Skills
Since strong analytical skills are key for this role, be ready to share examples of how you've used data to make informed decisions. Think about situations where you evaluated risk premiums or monitored claims ratios, and explain your thought process during those times.
✨Build Rapport with Brokers
Demonstrate your ability to foster positive relationships with brokers and clients. Prepare anecdotes that highlight your client management skills and how you've successfully navigated complex client needs in the past. This will show that you understand the importance of relationship-building in underwriting.
✨Be Ready to Discuss Team Dynamics
As teamwork is crucial in this role, think about how you've collaborated with peers in previous positions. Be prepared to discuss how you’ve shared market information or best practices within a team setting. This will illustrate your ability to work well with others and contribute to a positive team environment.