At a Glance
- Tasks: Underwrite and manage a profitable International General Liability book while collaborating with brokers.
- Company: Join Chaucer, a leader in the Lloyd's insurance market with a commitment to diversity.
- Benefits: Competitive salary, flexible working, and opportunities for professional development.
- Other info: Embrace a culture that values diversity and promotes career growth.
- Why this job: Make an impact in the insurance industry while developing your skills in a dynamic environment.
- Qualifications: 5+ years in Delegated Authority Underwriting and strong interpersonal skills required.
The predicted salary is between 60000 - 80000 £ per year.
To underwrite and manage a profitable International General Liability book.
Main duties
- Support the Head of Intl GL in writing a profitable International General Liability book focused on Delegated Authority business.
- Take responsibility for part of the International General Liability class of business including monitoring and oversight of Delegated Authority business.
- Support the production of a business plan for review and agreement by Divisional Head.
- Input into the monthly and quarterly forecasting process for the International General Liability class.
- Underwrite in accordance with underwriting authority and the business plan.
- Seek out new business opportunities through liaison with brokers and clients.
- Review of new and renewal risks including slip analyses, perform rating/benchmark analyses and undertake premium monitoring.
- Liaise with brokers and develop good working relationships with broking and support teams.
- Liaise with other business areas within Chaucer as required, including credit control, claims, internal risk review, actuarial etc.
- Use market, industry and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and the Int GL market in general.
- Peer Review of Delegated Authority business as allocated under the peer review selection criteria and responsibility matrix as set out in the Underwriting Manual.
- Responsibility for the accuracy and upkeep of written premium data on Charisma and other systems for all risks written within the area of responsibility.
- Work closely with the Delegated Authority Centre of Excellence as a focal point for Delegated Authority business.
- Prepare reports and statistical information as required by senior management.
- Assist in the continuous assessment of rating and benchmarking models.
- Travel to visit existing and potential clients as required.
- Ensure compliance with and maintenance of Group systems.
- Compliance with Lloyd’s and CIC regulations and byelaws.
- Manage the relationships with Customers, Agents and Service Providers.
- Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers.
- Ensure that the brokers, cedants and coverholders are vetted and approved by Compliance and TOBAs in place prior to engaging and/or writing business with.
Our requirements
- Relevant experience: Delegated Authority Underwriting background.
- Minimum of 5 years working within the Lloyds insurance environment.
- Desirable relevant experience in Casualty International Liability Insurance or related classes and knowledge of the London and Lloyd’s markets.
Technical skills
- Essential: MS Office – including Excel & Word.
- Relevant insurance platform experience – PPL & Whitespace.
- Comfortable with using in-house underwriting management systems.
- A detailed understanding of fundamental insurance/reinsurance concepts, MRC slip standards, contract certainty requirements, market standard model clauses (NMA, LMA, LSW model endorsements & exclusions), and class-specific terms and conditions.
Education & Experience
- Desirable: ACII qualified or working towards achieving associateship.
Personal skills
- Professional outlook.
- Flexible at all times.
- Very good interpersonal skills.
- Excellent organisational skills.
- Excellent communication skills with the ability to liaise at all levels.
- Work as part of a team.
- Adapt to a pressured environment.
Delegated Authority Underwriter - International General Liability in London employer: Chaucer
Chaucer is an exceptional employer, offering a dynamic work environment that fosters professional growth and collaboration. With a strong commitment to diversity and inclusion, employees are encouraged to develop their skills while working on a profitable International General Liability book. The London location provides unique networking opportunities within the Lloyd's insurance market, making it an ideal place for ambitious underwriters to thrive.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Underwriter - International General Liability 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 Chaucer). 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 Chaucer. 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 Delegated Authority Underwriter - International General Liability 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 Chaucer.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Chaucer. 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 Chaucer
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Chaucer 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 Chaucer, 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 Chaucer'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.
