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For Companies At a Glance
- Tasks: Underwrite new and existing business accounts while providing top-notch service to brokers.
- Company: Join Chubb's High Net Worth Underwriting Team in London.
- Benefits: Enjoy a competitive salary, pension, annual bonus, and generous leave.
- Why this job: Kickstart your career in insurance with no prior experience needed!
- Qualifications: Fluency in French and English; customer service skills are a must.
- Other info: Great opportunities for learning, networking, and career growth.
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.
Your Responsibilities for this role may include, but are not limited to:
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 similar companies. Use LinkedIn to connect and engage with them; you never know who might help you land that interview!
✨Tip Number 2
Prepare for the interview by researching common questions for underwriting roles. Practice your answers and think about how your skills can benefit the High Net Worth Team. Confidence is key, so get comfortable talking about your experiences!
✨Tip Number 3
Show off your communication skills! During interviews, make sure to articulate your thoughts clearly and listen actively. Building strong relationships is crucial in this role, so demonstrate that you can connect with others effortlessly.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team at Chubb. Let’s get you started on this exciting journey!
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!
Showcase Your Communication Skills: Since strong communication is key for this role, make sure your application is clear and concise. Use professional language but keep it friendly – we love a bit of personality! Remember, we’re looking for someone who can connect with our broker partners.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role and our company culture there!
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 High Net Worth sector. Familiarise yourself with common terms and concepts related to Household and Motor insurance. This will not only help you answer questions confidently but also show your genuine interest in the role.
✨Showcase Your Communication Skills
Since this role involves liaising with brokers and different departments, practice articulating your thoughts clearly. Prepare examples of how you've successfully communicated in past roles or situations. This will demonstrate your ability to build strong relationships, which is key for this position.
✨Be Ready to Discuss Teamwork
The job requires collaboration with various teams, so think of instances where you've worked well in a team setting. Highlight your ability to support others and contribute to group goals. This will show that you're not just a lone wolf but someone who thrives in a collaborative environment.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare thoughtful questions about the company culture, team dynamics, and growth opportunities within the High Net Worth team. This shows that you're not only interested in the role but also in how you can fit into their vision.
