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- Tasks: Underwrite international business and provide expert advice on insurance matters.
- Company: Beazley, a leading insurance provider with a strong market reputation.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Join a team that values innovation and client relationships in the insurance industry.
- Qualifications: Experience in underwriting and portfolio management; graduate level education required.
- Other info: Opportunity for career growth and networking within a collaborative team.
The predicted salary is between 36000 - 60000 £ per year.
General Job Title: Underwriter – International Specialty Programs
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
Essential Criteria:
- Demonstrable Underwriting experience, with authority
- Portfolio management skills - experienced with Delegated Binders business
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 - International Specialty Programs employer: Beazley
Contact Detail:
Beazley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - International Specialty Programs
✨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 underwriting experience and how it aligns with the needs of the company. A confident and clear presentation can make a huge difference in interviews.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a quick thank-you email to express your appreciation and reiterate your interest in the position. It keeps you on their radar!
✨Tip Number 4
Apply through our website! We’ve got loads of resources to help you prepare for interviews and showcase your skills effectively. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Underwriter - International Specialty Programs
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your underwriting experience and any relevant skills that match the job description. We want to see how you can bring value to our 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 experience aligns with our needs. Let us know what excites you about working with Beazley.
Showcase Your Analytical Skills: Since this role requires strong analytical skills, be sure to include examples of how you've used these in past roles. We love seeing how you approach problem-solving and decision-making!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Beazley
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially in international specialty programs. Be ready to discuss your experience with delegated binders and how you've managed portfolios in the past. This will show that you’re not just familiar with the basics but can also handle the complexities of the role.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical thinking during the interview. You might be asked to evaluate risk premiums or discuss how you monitor claims ratios. Bring examples from your previous work where your analytical skills led to successful outcomes, as this will highlight your ability to make data-driven decisions.
✨Build Rapport with Clients
Since client management is key, think of ways to illustrate how you've fostered positive relationships with clients and brokers in the past. Share specific instances where your communication skills helped resolve issues or enhance client satisfaction, showing that you understand the importance of service focus.
✨Be Ready for Team Dynamics
As teamwork is crucial in this role, prepare to discuss how you’ve collaborated with peers and managed assistants in your previous positions. Think of examples where you contributed to a team’s success or shared best practices, as this will demonstrate your ability to work well within the Specialty Lines team.