Trainee Underwriter, Insurance in London
Trainee Underwriter, Insurance

Trainee Underwriter, Insurance in London

London Trainee 28000 - 42000 Β£ / year (est.) No home office possible
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At a Glance

  • Tasks: Support Underwriters in meetings, learn pricing, and analyse insurance risks.
  • Company: Join Convex Insurance, a forward-thinking company shaping the future of insurance.
  • Benefits: Enjoy a competitive salary, generous leave, and support for professional qualifications.
  • Why this job: Kickstart your career in insurance with hands-on experience and growth opportunities.
  • Qualifications: Critical thinking, communication skills, and teamwork are essential.
  • Other info: Dynamic environment with a focus on collaboration and innovation.

The predicted salary is between 28000 - 42000 Β£ per year.

Convex is looking for a graduate to join our Insurance Underwriting team who would love to help build the insurance portfolio of the future. Given the rapidly developing landscape, the successful candidate is expected to participate in a wide range of tasks within the team and across the business. This role will include working closely with other teams within Convex such as Claims, Analytics (actuarial, pricing, etc.), Operations, Legal and Compliance. Underwriters are responsible for risk evaluation, pricing and acceptance in building and managing a portfolio of insurance risks.

Key Tasks

  • Preparing for and supporting Underwriters in broker meetings and negotiations.
  • Learning the technical aspects of pricing and insurance terms and conditions alongside and within the Underwriting team.
  • Understanding market and competitor dynamics.
  • Preparing and analysing management information and reporting relating to specific risks and portfolios of risk. This may include verbal and formal presentations to Underwriters and Underwriting Managers.
  • Liaison with operations on data entry and checking.
  • Housekeeping, portfolio monitoring, renewal diary management and other administrative tasks.

Skills, Knowledge & Expertise

  • Critical thinking and problem-solving – evaluating evidence and making sound judgments.
  • Communication skills – clear and professional writing, presentation, and teamwork communication.
  • Collaboration and teamwork – contributing effectively to group objectives.
  • Leadership and initiative – taking responsibility and motivating others.
  • Adaptability and resilience – thriving in dynamic or challenging environments.
  • Digital literacy – using digital tools, data, and platforms effectively and ethically.
  • Time management and organisation – balancing multiple priorities efficiently.
  • Fluency in French, Italian and/or Spanish (spoken and written) is desirable for certain Lines Of Business.

Benefits

  • Annual Performance Bonus
  • 30 days Annual Leave
  • 3 days of Volunteer Leave each year
  • Birthday Leave
  • Β£1,300 to spend on learning & wellbeing
  • 10% Employer Pension Contribution
  • Private Health Insurance Medical & Dental Cover
  • Full Support for Professional Qualifications (IFoA, CII, CFA, etc.)

Trainee Underwriter, Insurance in London employer: Convex Insurance

Convex Insurance is an exceptional employer that fosters a collaborative and innovative work culture, ideal for graduates eager to kickstart their careers in insurance underwriting. Located in the vibrant city of London, employees benefit from a comprehensive package including generous annual leave, a performance bonus, and substantial support for professional qualifications, ensuring ample opportunities for personal and career growth. With a commitment to employee wellbeing and a dynamic environment, Convex is dedicated to building the insurance portfolio of the future while nurturing the talents of its team members.
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Contact Detail:

Convex Insurance Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land Trainee Underwriter, Insurance in London

✨Tip Number 1

Network like a pro! Reach out to people in the insurance industry, especially those at Convex. Use LinkedIn to connect and engage with them; you never know who might give you a heads-up about job openings or even refer you directly.

✨Tip Number 2

Prepare for interviews by brushing up on your knowledge of underwriting and the insurance market. Familiarise yourself with current trends and challenges in the industry. This will show that you're not just interested in the role but are genuinely passionate about the field.

✨Tip Number 3

Practice your communication skills! Whether it's presenting information or discussing complex topics, being able to articulate your thoughts clearly is key. Consider doing mock interviews with friends or using online platforms to refine your delivery.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining the Convex team. Keep an eye on deadlines and make sure your application stands out!

We think you need these skills to ace Trainee Underwriter, Insurance in London

Risk Evaluation
Pricing
Insurance Terms and Conditions
Market Analysis
Competitor Analysis
Management Information Preparation
Data Analysis
Communication Skills
Presentation Skills
Collaboration
Leadership
Adaptability
Digital Literacy
Time Management
Fluency in French, Italian and/or Spanish

Some tips for your application 🫑

Tailor Your CV: Make sure your CV is tailored to the Trainee Underwriter role. Highlight any relevant experience or skills that match the job description, like critical thinking and communication skills. We want to see how you can contribute to our team!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about insurance and how your background makes you a great fit for Convex. Keep it professional but let your personality come through – we love seeing genuine enthusiasm!

Showcase Your Skills: In your application, don’t forget to showcase your digital literacy and problem-solving abilities. Mention any tools or platforms you’ve used that relate to the role. We’re looking for candidates who can adapt and thrive in a dynamic environment!

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 Convex Insurance

✨Know Your Insurance Basics

Before the interview, brush up on key insurance concepts and terminology. Understanding risk evaluation, pricing, and the role of underwriters will show your enthusiasm and readiness to dive into the industry.

✨Showcase Your Communication Skills

Since communication is crucial in this role, practice articulating your thoughts clearly. Prepare to discuss how you would present information to Underwriters and Managers, as well as how you would handle broker meetings.

✨Demonstrate Team Spirit

Convex values collaboration, so be ready to share examples of how you've worked effectively in teams. Highlight any leadership experiences or initiatives you've taken that contributed to group objectives.

✨Research the Company and Market

Familiarise yourself with Convex Insurance and its position in the market. Understanding competitor dynamics and current trends will help you engage in meaningful discussions during the interview.

Trainee Underwriter, Insurance in London
Convex Insurance
Location: London
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  • Trainee Underwriter, Insurance in London

    London
    Trainee
    28000 - 42000 Β£ / year (est.)
  • C

    Convex Insurance

    50-100
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