At a Glance
- Tasks: Support the HNW underwriting team with mid-term adjustments and broker interactions.
- Company: Join Chubb, a leading insurance company committed to integrity and client focus.
- Benefits: Enjoy 25 days leave, private medical cover, and a pension scheme.
- Other info: Collaborative environment with strong focus on diversity and inclusion.
- Why this job: Gain valuable experience in insurance while building relationships with brokers.
- Qualifications: A levels or equivalent; progress towards CII qualifications preferred.
The predicted salary is between 36000 - 60000 £ per year.
As the PRS business continues to grow, the Assistant Underwriter plays a critical role in supporting the HNW underwriting team. This position is responsible for managing a high volume of mid-term adjustments (MTAs) via phone and email, ensuring accurate and efficient service delivery to brokers and clients. Assistant Underwriters work closely with underwriters, receiving ongoing training and coaching to support their professional development and progression toward underwriting roles. While some automation exists through our broker portal, the Assistant Underwriter remains central to handling bespoke HNW portfolio tasks, requiring frequent broker interaction and a strong focus on service excellence.
Key Responsibilities
- Underwriting Support: Assist underwriters in evaluating and processing HNW risks across all business classes (property, valuables, motor). Handle MTAs such as additional property locations, address changes, and vehicle additions, within delegated authority limits (typically £1M–£4M, with specific thresholds for jewellery, fine art, etc.). Ensure all risk information & documentation is complete, accurate & compliant before binding cover.
- Broker Liaison: Serve as a primary contact for brokers, providing prompt, professional, and knowledgeable support via telephone (approx. 75% of daily activity), email, and broker portal. Build and maintain strong relationships with HNW brokers to ensure smooth communication and optimal service delivery. Proactively follow up with brokers to obtain outstanding information and progress MTAs.
- Administration & Data Management: Accurately input and maintain data within the underwriting system. Ensure all activities comply with Chubb policies, underwriting guidelines, FCA regulations, and data protection standards.
Skills & Qualifications
- Essential: Progress towards Chartered Insurance Institute qualifications (CII). Educated to A level standard or equivalent. Excellent interpersonal & communication skills, with the ability to build rapport with brokers & internal teams. Strong attention to detail & accuracy with a desire to provide service of the highest quality. Strong organisational & time management skills; able to handle multiple priorities. A team player with a proactive, solutions focussed attitude.
- Desirable: Previous experience in an insurance or underwriting support role, ideally within personal lines or HNW. Experience in liaising with brokers.
What we offer in return: Pension and 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, Comprehensive Learning & development offerings, Employee Assistance program.
Integrity. Client focus. Respect. Excellence. Teamwork. Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.
Diversity & Inclusion: At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances. We are committed to ensuring our recruitment process is inclusive and accessible to all. If you have a disability or long-term condition (for example dyslexia, anxiety, autism, a mobility condition or hearing loss) and need us to make any reasonable adjustments, changes or do anything differently during the recruitment process, please let us know in your application or in any future discussions with our recruiters.
Assistant Underwriter, HNW in City of London employer: Chubb
Contact Detail:
Chubb Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Underwriter, HNW in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working in underwriting or insurance. A friendly chat can lead to valuable insights and even job leads.
✨Tip Number 2
Practice your phone skills! Since a big part of the role involves communicating with brokers, get comfortable chatting on the phone. Role-play with friends or family to build your confidence.
✨Tip Number 3
Show off your attention to detail! During interviews, share examples of how you've managed complex tasks or ensured accuracy in your work. This will highlight your fit for the Assistant Underwriter role.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, you’ll find all the latest opportunities right there, tailored just for you.
We think you need these skills to ace Assistant Underwriter, HNW in City of London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Assistant Underwriter role. Highlight your relevant experience, especially any work with brokers or in insurance, and show how your skills align with what we’re looking for.
Show Off Your Communication Skills: Since this role involves a lot of interaction with brokers, it’s crucial to demonstrate your excellent interpersonal and communication skills. Use examples in your application that showcase how you’ve built relationships and provided top-notch service in the past.
Attention to Detail is Key: We value accuracy and thoroughness, so make sure your application is free from typos and errors. This is your chance to show us that you can handle the meticulous nature of underwriting tasks!
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Chubb
✨Know Your Underwriting Basics
Before the interview, brush up on your understanding of underwriting principles, especially in the context of high-net-worth (HNW) insurance. Familiarise yourself with common terms and processes, such as mid-term adjustments (MTAs) and risk evaluation, so you can speak confidently about how you would support the underwriting team.
✨Showcase Your Communication Skills
Since this role involves a lot of interaction with brokers, practice articulating your thoughts clearly and professionally. Prepare examples of how you've successfully built relationships or resolved issues in previous roles, as this will demonstrate your interpersonal skills and ability to provide excellent service.
✨Demonstrate Attention to Detail
Given the importance of accuracy in underwriting, be ready to discuss how you ensure precision in your work. You might want to share specific instances where your attention to detail made a difference, whether in data management or compliance with regulations.
✨Prepare Questions for Them
Interviews are a two-way street! Think of insightful questions to ask about the team dynamics, training opportunities, and what success looks like in this role. This shows your genuine interest in the position and helps you assess if it's the right fit for you.