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For Companies At a Glance
- Tasks: Underwrite high net worth accounts and provide top-notch service to brokers.
- Company: Join Chubb's dynamic High Net Worth Underwriting Team in London.
- Benefits: Enjoy competitive salary, pension, annual bonus, and 25 days leave.
- Other info: Engage in networking, mentoring, and community initiatives while working.
- Why this job: Kickstart your career in insurance with growth opportunities and a supportive team.
- Qualifications: Fluency in French and English; customer service skills are a must.
The predicted salary is between 36000 - 60000 £ per year.
Overview
We are recruiting an Assistant Underwriter to form a key part of Chubb\’s High Net Worth Underwriting Team in London. You will be responsible to underwrite new and existing business accounts on our Continental European Book whilst providing world class service to our broker partners.
This is an entry level underwriting role and previous underwriting experience is not required however some experience in multiline Household and Motor insurance is desirable. The role will also require to build and maintain strong working relationships both externally and internally.
Responsibilities
Transactional:
- Responsible for underwriting renewal business up to your agreed authority limits as well a lower level appraisals.
- Responsible for assisting the Underwriting team with MP24 referrals for New Business.
- Actively seek to round out existing accounts and cross-sell other classes of business.
- Managing underwriting queries via telephone & e-mail
- Liaise with different departments (Claims, marketing, IT,…) to troubleshoot a wide variety of queries.
Broker Management:
- Demonstrate a good level of proficiency in the use of the management information systems to be able to understand the data, analyse any trends and report on the underwriting performance
- Proactively manage relationships with broker partners.
Sales Disciplines:
- Collaborate with the underwriter in the conversion of New Business, through pre-qualification of target prospects
- Assist in a wider variety of tasks as part of a project team to launch new products across the region.
- Work with the Underwriter and Account Manager to ensure all target quotes are monitored and pursued to ensure conversion rates influenced positively
- Ensure all communications with broker partners are collaborative and sales focused to ensure both retention & new business opportunities are maximised
Qualifications
What skills & experience are required?
- Fluency in French and English is necessary (additional european languages, particularly Dutch or German is a plus)
- HNW insurance industry experience is desirable – preferably from a Motor or Household background.
- Demonstrate excellent customer service skills
- Ability to build strong relationships internally and externally.
- Strong communication and negotiation skills
- Well organised with the ability to prioritise workload.
What can you expect in return?
- Competitive Salary, Non-Contributory Pension & Annual Bonus Scheme
- 25 days Annual Leave plus ability to Purchase 5 Additional Days
- Private Medical Cover, Employee Share Purchase Plan, Life Assurance & Subsidised Gym Membership
- Learning & Development Offerings, Networking, Mentoring & Development Opportunities.
- 1-day annual Charitable leave, Cycle to Work Scheme, Active Sports & Social Committee, Employee Assistance Program.
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Assistant Underwriter, High Net Worth Team employer: Chubb
Contact Detail:
Chubb Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Underwriter, High Net Worth Team
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at Chubb or in similar roles. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of High Net Worth insurance. We recommend researching common underwriting scenarios and being ready to discuss how you'd handle them. Show them you're keen and knowledgeable!
✨Tip Number 3
Practice your communication skills! Since building relationships is key in this role, try role-playing with a friend or family member. This will help you articulate your thoughts clearly and confidently during interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Assistant Underwriter, High Net Worth Team
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences mentioned in the job description. Highlight any relevant experience in multiline Household and Motor insurance, even if it's just a little. We want to see how you fit into our High Net Worth Team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're excited about the Assistant Underwriter role and how your background aligns with our needs. Don’t forget to mention your customer service skills and ability to build relationships – we love that!
Showcase Your Communication Skills: Since this role involves liaising with brokers and different departments, make sure your application showcases your strong communication skills. Whether it’s through your CV or cover letter, let us know how you’ve successfully managed relationships in the past.
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing applications come through our own channels!
How to prepare for a job interview at Chubb
✨Know Your Stuff
Make sure you brush up on the basics of underwriting, especially in the context of high net worth insurance. Familiarise yourself with common terms and concepts related to household and motor insurance, as this will show your enthusiasm and readiness for the role.
✨Showcase Your Communication Skills
Since building relationships is key in this role, practice articulating your thoughts clearly and confidently. Prepare examples of how you've successfully communicated or collaborated with others in the past, whether in a work setting or during your studies.
✨Demonstrate Your Analytical Side
Get comfortable with data analysis, as you'll need to understand trends and performance metrics. Bring examples of how you've used data to make decisions or solve problems, even if it's from academic projects or previous jobs.
✨Be Ready to Ask Questions
Prepare thoughtful questions about the team, the company culture, and the specific challenges they face in underwriting. This not only shows your interest but also helps you gauge if this is the right fit for you.