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- Tasks: Underwrite and develop innovative accident and health insurance products while collaborating with partners.
- Company: elseco, a cutting-edge specialty insurance platform with global reach.
- Benefits: Competitive salary, opportunities for relocation, and a focus on professional growth.
- Why this job: Join a dynamic team and shape the future of insurance with your expertise.
- Qualifications: 7+ years in insurance, with 5+ years in accident and health experience.
- Other info: Work in London with potential for global mobility and career advancement.
The predicted salary is between 36000 - 60000 £ per year.
elseco is a high technology specialty insurance underwriting platform. More than 50 insurance and reinsurance companies including Lloyd’s syndicates are currently trading on the platform. elseco group has regulated offices in London, Zurich, Paris, Dubai and Washington DC. The company was founded over a decade ago with space insurance and has since diversified into aviation, energy, and Accident & Health insurance.
Reporting to the Head of Accident and Health, the development Underwriter is tasked to underwrite and develop core products within the accident and health team. The role involves collaborating closely with distribution partners to understand their clients’ needs, evaluating risk exposures, and structuring coverage solutions that support long-term, profitable relationships. You will serve as a key point of contact for new business initiatives, working cross-functionally with actuarial, claims, and product teams to align underwriting decisions with market strategy. Success in the role requires strong interpersonal skills, business acumen, and the ability to balance risk management with partnership-driven growth.
The role requires a mandatory base location in London for the first three years, with the opportunity for internal mobility thereafter, including potential relocation to our Dubai office or other future elseco locations globally.
- Underwrite and administer A&H accounts across ViVet product line.
- Travel and market to expand distribution and develop producer relationships.
- Helping to support profit driven business, with a focus on supporting an overall profit commission.
- Provide underwriting insight on product performance to partners on a regular basis.
Minimum 7 years market insurance experience.
- ~5 years A&H experience with exposure to the specialist classes – marine, aviation, group personal accident/travel.
- ~ Experience of distribution with reputation and connectivity in the insurance market.
- ~ Supported the development and implementation of successful underwriting strategies.
- ~ Experience with setting up products for online distribution is a plus.
- ~ A customer centric approach with a track record of reacting positively to customers demands and needs.
- ~ A commitment to learning and self-development.
- ~ Good analytical skills with the ability to communicate this analysis effectively.
Development Underwriter (Commercial Insurance) in London employer: elseco
Contact Detail:
elseco Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Development Underwriter (Commercial Insurance) in London
✨Network Like a Pro
Get out there and connect with people in the insurance industry! Attend events, join online forums, and don’t be shy about reaching out to potential colleagues on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Show Off Your Skills
When you get the chance to chat with hiring managers or during interviews, make sure to highlight your experience in underwriting and your customer-centric approach. We want to see how your skills can directly benefit their team and help them grow!
✨Research the Company
Before any interview, do your homework on elseco and its products. Understanding their market strategy and recent developments will show that you’re genuinely interested and ready to contribute. We love candidates who come prepared!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we often have exclusive roles listed there that you won’t find anywhere else!
We think you need these skills to ace Development Underwriter (Commercial Insurance) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Development Underwriter role. Highlight your experience in accident and health insurance, and any relevant skills that align with the job description. We want to see how your background fits into our world!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your experience can help us at elseco. Be sure to mention your interpersonal skills and business acumen, as these are key for us.
Showcase Your Analytical Skills: Since the role requires good analytical skills, make sure to include examples of how you've used these in past roles. Whether it's evaluating risk exposures or structuring coverage solutions, we want to see your thought process!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it. Plus, it shows you're keen on joining our team!
How to prepare for a job interview at elseco
✨Know Your Stuff
Make sure you brush up on your knowledge of accident and health insurance, especially in relation to the specialist classes like marine and aviation. Familiarise yourself with elseco's product lines and how they fit into the market. This will show that you're not just interested in the role, but that you understand the industry.
✨Showcase Your Interpersonal Skills
Since this role involves collaborating with distribution partners, be ready to demonstrate your strong interpersonal skills. Think of examples from your past where you've successfully built relationships or resolved conflicts. This will highlight your ability to balance risk management with partnership-driven growth.
✨Prepare for Scenario Questions
Expect questions that ask you to evaluate risk exposures or structure coverage solutions. Prepare by thinking through potential scenarios you might face in the role and how you would approach them. This will help you articulate your thought process and decision-making skills during the interview.
✨Emphasise Your Commitment to Learning
elseco values a commitment to learning and self-development. Be prepared to discuss how you've pursued professional development in the past and how you plan to continue growing in this role. This could include courses, certifications, or even informal learning experiences that have shaped your career.