At a Glance
- Tasks: Assess and underwrite SME risks using AI-driven tools and data analysis.
- Company: Join domusIQ, a forward-thinking MGA transforming underwriting with technology.
- Benefits: Enjoy a hybrid work model, competitive salary, and opportunities for professional growth.
- Other info: Be part of a team that values innovation and proactive risk management.
- Why this job: Make impactful decisions in a dynamic environment while enhancing your analytical skills.
- Qualifications: Experience in commercial underwriting and strong data interpretation skills required.
The predicted salary is between 63000 - 77000 £ per year.
Company Description domus IQ MGA (UK) Ltd is a London-based managing general agent (MGA) that treats underwriting as a data-led discipline rather than a box-ticking exercise.
The company uses AI-driven technology to look beyond static data and understand how assets are used, how operations are managed, and where vulnerabilities and exposures may evolve over time.
By combining strong underwriting fundamentals with advanced analytics on asset conditions, operational resilience, occupancy patterns, and emerging signals, domus IQ delivers more informed decision-making and better risk selection.
This approach supports proactive responses to changing exposure and greater transparency for customers and risk partners. domus IQ MGA (UK) Ltd operates under the regulatory framework of the Financial Conduct Authority via Davies MGA Services Limited and is registered in England and Wales.
Role Description
The SME Underwriter will be responsible for assessing and underwriting small and medium-sized enterprise risks covering property and liability, ensuring that decisions align with domus IQ's data-led underwriting philosophy.
Day-to-day tasks include reviewing submissions, liaising with Brokers, analyzing risk profiles using AI-driven tools, interpreting asset and operational data, and determining appropriate pricing, terms, and conditions.
The role will involve collaborating with brokers and other partners, preparing clear underwriting documentation, and maintaining accurate records to support transparency and audit requirements.
The SME Underwriter will monitor portfolio performance, respond proactively to emerging signals and changing exposures, and contribute to continuous improvement in underwriting guidelines and processes.
This is a full-time, hybrid role based in the UK.
Qualifications
- Demonstrated experience in commercial and SME underwriting, with strong knowledge of property and liability underwriting principles and risk assessment.
- Ability to interpret financial, operational, and asset-related data, with comfort using data-driven tools and analytics in underwriting decisions.
- Strong attention to detail, sound judgment, and the ability to balance risk selection, pricing accuracy, and portfolio profitability.
- Effective communication and relationship-building skills, with experience working with brokers, clients, and internal stakeholders.
- Organizational and time-management skills to handle multiple submissions, deadlines, and changing priorities in a fast-paced environment.
- Proficiency with standard office software and underwriting platforms; familiarity with AI-enabled or advanced analytics systems is an advantage.
- Knowledge of UK commercial insurance market practices and regulatory requirements; experience with MGA's or delegated authority arrangements is beneficial.
- Relevant professional qualifications (e. g., CII or equivalent) and/or a degree in a related field such as finance, business, economics, or risk management are preferred.
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SME Underwriter employer: domusIQ MGA (UK) Ltd
domusIQ MGA (UK) Ltd is an exceptional employer that champions a data-driven approach to underwriting, fostering a culture of innovation and collaboration in the heart of London. Employees benefit from a hybrid work model, opportunities for professional growth, and the chance to work with cutting-edge AI technology, all while contributing to meaningful risk management solutions. With a commitment to transparency and continuous improvement, domusIQ empowers its team to make informed decisions that drive success for both clients and the company.
StudySmarter Expert Advice🤫
We think this is how you could land SME Underwriter
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like domusIQ MGA (UK) Ltd). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like domusIQ MGA (UK) Ltd. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace SME Underwriter
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at domusIQ MGA (UK) Ltd.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at domusIQ MGA (UK) Ltd. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at domusIQ MGA (UK) Ltd
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at domusIQ MGA (UK) Ltd to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at domusIQ MGA (UK) Ltd, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding domusIQ MGA (UK) Ltd's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
