At a Glance
- Tasks: Support underwriters in evaluating risks and optimising underwriting processes.
- Company: Beazley, a leading insurance company with a focus on innovation.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity to grow your career in a supportive and engaging workplace.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: Strong analytical skills and a passion for learning about risk assessment.
The predicted salary is between 30000 - 40000 € per year.
To provide underwriting support to the Property team and ensure that the administrative processes are run as efficiently as possible to serve both internal and external clients.
Key Responsibilities
- Underwriting
- Assist underwriters to evaluate and assess risk in order to impose precise terms and conditions required for renewals and endorsements to optimise underwriting profit.
- Assist underwriters to 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.
- 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 premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.
- Comply with Beazley’s global underwriting control standards.
- Underwriting Support
- Support the underwriters in the delivery of an effective and efficient administration service.
- Support underwriting risk assessment process.
- Review underwriting bordereaux and/or certificates.
- Accurately process, scan and monitor risk and data entries to ensure information is up to date.
- Prepare and provide statistics and information in order to serve the requirements of the Underwriters and clients.
- Produce ad hoc reports for the underwriters and other members of staff when requested.
- Interact with the underwriting support functions, such as claims, risk, compliance, to source information when necessary.
- Broker/Client Interaction
- Liaise with brokers and other key partners in order to develop business relationships.
- Respond to client queries in an accurate and timely fashion to develop the brand image of Beazley.
- Provide a professional service to Brokers in person, by email and on the telephone.
- Chase renewal accounts by contacting brokers.
- General
- Undertake any other reasonable duties as may be requested by the underwriting team.
- Participate in cross-team and intra-team projects as required.
- Share knowledge with the underwriting community and the Beazley network to ensure dissemination of best practice.
- Assist with the production of presentations and marketing literature as required.
It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
We also expect Beazley employees to:
- Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct rules.
- Comply with local procedures, policies and regulatory requirements.
- Undertake training on Beazley policies and procedures as delivered by your line manager.
Assistant Underwriter employer: Beazley
Beazley is an exceptional employer that fosters a collaborative and innovative work culture, particularly within the Property Risks division. Employees benefit from comprehensive training and development opportunities, ensuring continuous professional growth while working in a dynamic environment that values teamwork and integrity. Located in a vibrant area, Beazley offers a supportive atmosphere where employees can thrive and contribute meaningfully to the success of the business.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Underwriter
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to Beazley. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by knowing your stuff! Research Beazley’s values and recent projects. Show us you’re not just another candidate but someone who genuinely cares about what we do.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or family. Get comfortable talking about your skills and how they relate to the Assistant Underwriter role. Confidence is key!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows us you’re serious about joining the team. Don’t miss out on this opportunity!
We think you need these skills to ace Assistant Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Assistant Underwriter role. Highlight any relevant experience in underwriting or risk assessment, and don’t forget to showcase your administrative skills. We want to see how you can support our Property Risks team!
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 your skills align with our values at Beazley. Remember, we love boldness and striving for better, so let your personality come through!
Showcase Your Communication Skills:Since you'll be liaising with brokers and clients, it's crucial to demonstrate your communication skills. Whether it's in your CV or cover letter, give examples of how you've effectively interacted with clients or colleagues in the past. We value professionalism and clarity!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Beazley!
How to prepare for a job interview at Beazley
✨Know Your Underwriting Basics
Before the interview, brush up on your understanding of underwriting principles, especially in property risks. Familiarise yourself with key terms and concepts that are relevant to the role, as this will show your enthusiasm and readiness to contribute.
✨Prepare for Scenario Questions
Expect questions that ask you to evaluate risk or suggest solutions based on hypothetical scenarios. Practise articulating your thought process clearly, as this will demonstrate your analytical skills and ability to think on your feet.
✨Showcase Your Communication Skills
Since the role involves liaising with brokers and clients, be prepared to discuss how you would handle client queries or build relationships. Use examples from past experiences to illustrate your communication style and professionalism.
✨Align with Beazley’s Core Values
Familiarise yourself with Beazley’s core values: Being Bold, Striving for Better, and Doing the Right Thing. Think of examples from your past where you embodied these values, as this will resonate well with the interviewers and show you’re a good cultural fit.
