Commercial Underwriter

Commercial Underwriter

City of London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Build relationships with brokers and underwrite commercial combined/SME risks.
  • Company: Join a leading global General Insurance firm based in the heart of London.
  • Benefits: Enjoy competitive pay, flexible working options, and great corporate perks.
  • Why this job: Be part of a dynamic team making an impact in the insurance industry.
  • Qualifications: Experience in underwriting and strong communication skills are essential.
  • Other info: This role offers a chance to grow in a fast-paced environment.

The predicted salary is between 43200 - 72000 £ per year.

Our client is a global General Insurance firm in the City of London. They seek to recruit an experienced Commercial & Combined Underwriter - SME in the City of London.

Key Responsibilities

  • As Commercial & Combined Underwriter, you will develop good business relationships with new and existing brokers.
  • Underwrite commercial combined/SME risks within the...

Commercial Underwriter employer: Davenport Oxley Ltd

As a leading global General Insurance firm located in the vibrant City of London, we pride ourselves on fostering a dynamic work culture that values collaboration and innovation. Our employees benefit from comprehensive professional development opportunities, competitive remuneration packages, and a supportive environment that encourages growth and career advancement. Join us to be part of a team that not only values your contributions but also offers unique advantages such as networking within a diverse industry hub and engaging with a wide range of clients.
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Contact Detail:

Davenport Oxley Ltd Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Commercial Underwriter

✨Tip Number 1

Network with professionals in the insurance industry, especially those who work as underwriters or brokers. Attend industry events or join relevant online forums to connect with potential colleagues and learn about the latest trends in commercial underwriting.

✨Tip Number 2

Familiarise yourself with the specific types of risks associated with SMEs. Understanding the unique challenges these businesses face will help you demonstrate your expertise during interviews and discussions with potential employers.

✨Tip Number 3

Prepare to discuss your experience in building relationships with brokers. Think of specific examples where you've successfully collaborated with brokers to underwrite risks, as this is a key responsibility for the role.

✨Tip Number 4

Stay updated on regulatory changes and market conditions affecting the insurance sector. Being knowledgeable about current events will show your commitment to the field and can set you apart from other candidates.

We think you need these skills to ace Commercial Underwriter

Underwriting Expertise
Risk Assessment
Commercial Awareness
Relationship Management
Negotiation Skills
Attention to Detail
Analytical Skills
Communication Skills
Problem-Solving Skills
Knowledge of Insurance Products
Regulatory Compliance
Market Research
Decision-Making Skills
Time Management

Some tips for your application 🫡

Understand the Role: Familiarise yourself with the responsibilities of a Commercial & Combined Underwriter. Highlight your experience in developing business relationships and underwriting commercial combined/SME risks in your application.

Tailor Your CV: Make sure your CV reflects relevant experience in underwriting and relationship management. Use specific examples that demonstrate your skills in these areas, as this will resonate well with the hiring company.

Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Mention why you are interested in working for a global General Insurance firm and how you can contribute to their success.

Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, as these can create a negative impression. A polished application shows attention to detail, which is crucial in underwriting.

How to prepare for a job interview at Davenport Oxley Ltd

✨Know Your Underwriting Basics

Brush up on your knowledge of commercial combined and SME risks. Be prepared to discuss specific underwriting principles and how they apply to the role, as this will demonstrate your expertise and confidence.

✨Build Rapport with Brokers

Since developing relationships with brokers is key, think of examples from your past experiences where you successfully built rapport. This will show your interpersonal skills and ability to foster strong business relationships.

✨Prepare for Scenario Questions

Expect scenario-based questions that assess your decision-making process in underwriting. Practise articulating your thought process clearly, as this will highlight your analytical skills and judgement.

✨Research the Company

Familiarise yourself with the global General Insurance firm’s values, recent news, and their approach to underwriting. This knowledge will help you tailor your answers and show genuine interest in the company.

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