At a Glance
- Tasks: Lead the launch of innovative Life Science products and engage with industry partners.
- Company: Join a dynamic team at Sompo, a leader in the insurance sector.
- Benefits: Enjoy competitive health benefits, career development, and a collaborative work environment.
- Other info: Based in Manchester, this role offers excellent career growth opportunities.
- Why this job: Make a real impact in the Life Science sector while building lasting relationships.
- Qualifications: 8+ years of underwriting experience, especially in Life Science, with strong negotiation skills.
The predicted salary is between 60000 - 75000 £ per year.
Are you looking for your next opportunity? Sompo has a unique opportunity for a Senior Life Science Development Underwriter, UK for our Middle Market team. The Middle Market proposition offers comprehensive multi-line capabilities targeted at select industry verticals of real estate, hospitality, financial institutions, professional services, technology, and life science. We work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition. This role will focus specifically on the Life Science / Med Tech sector, building our product and proposition and working with our partner brokers in the UK.
Location: This position will be based out of our Manchester office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.
What you’ll be doing:
- Support the Head of Life Science in launching a Life Science product, focusing on Casualty, Property, Professional Indemnity and Cyber lines.
- Lead external engagement and business development within the Life Science sector.
- Prioritization and evaluation of new and renewal submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.
- Set appropriate terms and conditions per the Company underwriting strategy and guidelines to quote qualified risks.
- Attend client/broker meetings, lunches, dinners and other social outings as applicable.
- Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.
- Expand existing portfolio of business by developing existing relationships and new prospective clients.
- Supports our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture.
- Emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite.
- Conducts individual account underwriting audits as needed.
What you’ll bring:
- Cross class underwriting experience within the middle market space.
- Undergraduate, Insurance or advanced degree preferred.
- At least 8+ years of underwriting experience.
- 4+ years of experience within the Life Science sector.
- Established relationships with specialist Life Science brokers.
- Strong negotiation skills.
- Excellent communication (both written and verbal) skills.
Our Benefits: Expansive Health
