Underwriting Manager

Underwriting Manager

Full-Time 42000 - 84000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead underwriting and pricing strategy while ensuring performance meets targets.
  • Company: Join Brown & Brown, a top global insurance broker with a strong growth trajectory.
  • Benefits: Enjoy a full-time role with opportunities for professional development and training.
  • Why this job: Be part of a dynamic team shaping the future of insurance with innovative solutions.
  • Qualifications: 10+ years in UK commercial liability underwriting; Dip CII required, ACII preferred.
  • Other info: This is a mid-senior level position based in London.

The predicted salary is between 42000 - 84000 £ per year.

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Senior Talent Acquisition Consultant at Brown & Brown Europe

Location: London

Brown & Brown, Inc. is one of the largest insurance brokers globally, having in excess of $4.8bn revenue in 2024 by providing risk management solutions to help protect what our customers value most. We have experienced significant growth over the last 5 years both organic and inorganic and have recently achieved significant scale across Europe with ~3,500 teammates, 200+ offices.

Our Strategy is to double the size of the business by improving customer experience, growing organically and acquiring, accelerating knowledge and capabilities of teammates and using technology with purpose.

As a key member of the leadership team, you will be responsible for the portfolio management for the Commercial programs delivering the underwriting and pricing strategy. You will provide oversight and ensure best practice is achieved through embedded technical standards & controls. Working with the trading and claims teams you will monitor progress of the company business objectives. This will be primarily to ensure underwriting performance keeps within target loss ratios for all distribution channels whilst delivering our income budget.

Duties will include:

  • Responsibility for and oversight of underwriting, pricing and loss ratio performance
  • Ensure loss ratio performance is within agreed targets for all Commercial programs
  • Deal with referrals from the trading team to ensure they win and retain business whilst delivering sustainable results
  • Support the Underwriting Director by providing information and data for our carrier partners for monthly meetings and QBR’s
  • Proactively support defining, implementing and overseeing our underwriting and pricing strategy
  • Work with actuaries to monitor the development of open and closed underwriting years
  • Oversight and involvement of all products from a technical underwriting perspective ensuring they meet their target market and deliver fair value
  • Develop and manage technical and pricing controls
  • Support the Governance team with internal/external audits and product governance
  • Support the production of Board and ExCo packs as required including presenting when requested
  • Adhere to all regulatory requirements and conduct regime
  • Provide learning material and take part in delivery of technical underwriting training

Experience required:

Required:

  • Proven track record in underwriting leadership within an MGA, Insurer or Lloyd’s environment
  • 10+ years of UK commercial liability underwriting experience
  • In depth knowledge and understanding of commercial lines underwriting
  • Policy wording drafting
  • Dip CII

Advantageous:

  • ACII (or working towards)
  • Previous experience in the MGA market
  • Understanding of the commercial programs market
  • Experience of carrier contract negotiations
  • Creation and delivery of underwriting training
  • Data and analytics skills

For more information please apply online or contact Dan Hurley.

Seniority level

  • Seniority level

    Mid-Senior level

Employment type

  • Employment type

    Full-time

Job function

  • Job function

    Other and Sales

  • Industries

    Insurance

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Underwriting Manager employer: Brown & Brown UK

Brown & Brown UK is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong focus on employee growth, we provide extensive training opportunities and a supportive culture that encourages professional development. Join us to be part of a rapidly expanding team that values your contributions and offers competitive benefits, ensuring you can achieve both personal and career success.
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Contact Detail:

Brown & Brown UK Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriting Manager

Tip Number 1

Network with professionals in the insurance industry, especially those who have experience in underwriting. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture at Brown & Brown.

Tip Number 2

Familiarise yourself with the latest trends in commercial lines underwriting and risk management. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the field.

Tip Number 3

Prepare to discuss specific examples from your past experience that showcase your leadership skills in underwriting. Highlight instances where you successfully managed loss ratios or implemented effective pricing strategies.

Tip Number 4

Research Brown & Brown's recent growth and strategic goals. Understanding their objectives will allow you to tailor your discussions and show how your skills align with their vision for the future.

We think you need these skills to ace Underwriting Manager

Underwriting Leadership
Commercial Lines Underwriting
Loss Ratio Management
Pricing Strategy Development
Policy Wording Drafting
Data Analysis and Analytics
Technical Underwriting Knowledge
Carrier Contract Negotiation
Training and Development
Regulatory Compliance
Stakeholder Management
Presentation Skills
Audit Support
Actuarial Collaboration
Governance and Risk Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your relevant experience in underwriting leadership, particularly within an MGA, Insurer, or Lloyd's environment. Emphasise your 10+ years of UK commercial liability underwriting experience and any specific achievements that align with the job description.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background in underwriting and pricing strategy aligns with Brown & Brown's goals. Mention your understanding of commercial lines underwriting and any experience with carrier contract negotiations.

Highlight Relevant Skills: Ensure you mention key skills such as data and analytics capabilities, policy wording drafting, and your experience in creating and delivering underwriting training. These are crucial for the Underwriting Manager position and will set you apart from other candidates.

Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential in the underwriting field.

How to prepare for a job interview at Brown & Brown UK

Showcase Your Leadership Experience

As an Underwriting Manager, your leadership skills are crucial. Be prepared to discuss specific examples of how you've led teams in the past, particularly in underwriting environments. Highlight any successful projects or initiatives you've spearheaded.

Demonstrate Technical Knowledge

Given the technical nature of the role, ensure you can speak confidently about underwriting principles, pricing strategies, and loss ratio management. Brush up on relevant regulations and best practices in the insurance industry to show your expertise.

Prepare for Scenario-Based Questions

Expect questions that assess your problem-solving abilities in real-world scenarios. Think of situations where you've had to make tough decisions regarding underwriting or pricing, and be ready to explain your thought process and outcomes.

Engage with Data and Analytics

Since data and analytics skills are advantageous for this role, be prepared to discuss how you've used data to inform underwriting decisions. Bring examples of how you've leveraged analytics to improve performance or manage risk effectively.

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