Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead the development and execution of underwriting strategies for specialist motor insurance products.
- Company: Join IQUW, a leading specialty (re)insurer at Lloyd’s with a collaborative culture.
- Benefits: Competitive salary, career growth opportunities, and a dynamic work environment.
- Why this job: Make a real impact in the insurance industry while working with a talented team.
- Qualifications: Extensive technical knowledge in underwriting and strong analytical skills required.
- Other info: Opportunity to build valuable relationships and enhance your professional network.
The predicted salary is between 48000 - 72000 £ per year.
Overview
Senior Underwriter
Reporting to: Product Manager / Head of Class
Location: London
About us
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast. ERS is the UK\’s largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it\’s a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn\’t enough. That\’s why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.
The role
ERS is a leading underwriter of a wide range of specialist motor insurance products. Within ERS’ strategy of being the UKs leading specialist motor insurer, our focus is on delivering sustainable, high margin growth through the provision of quality propositions to a wide range of broker partners.
The Senior Underwriter’s primary responsibilities are for the execution of our underwriting strategy and development of our underwriting appetite, working closely with the Pricing and Technology teams, as well as other stakeholders across the business including our operations teams. You will be responsible for materially contributing to the achievement of our short to medium-term financial plans through translating specialist underwriting knowledge into an implementable set of rules.
The role is highly market visible, involving extensive broker contact when communicating our strategy, managing the financial performance of existing relationships and in seeking to broaden our market penetration. Success in the role requires extensive technical expertise in our product(s) and frequent collaboration with other business functions to ensure that we leverage capabilities from across the business in delivering first class propositions to our chosen market.
Key responsibilities
We are a business which takes our stated values and behaviours seriously and are absolutely committed to always acting in ways which are ethical, compliant and appropriate. The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Essential qualifications, skills and experience
This role carries strategic input and financial responsibility as well as being recognised as a market leading subject matter expert in our product(s). We therefore require our role-holders to demonstrate leadership and management capabilities and to possess the following skills, attributes and knowledge:
Senior Underwriter, Retail employer: ERS
Contact Detail:
ERS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter, Retail
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. Building relationships can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by researching the company and its products. Knowing IQUW's underwriting strategy and market position will show you're genuinely interested and ready to contribute.
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills and experience align with the Senior Underwriter role. Highlight your technical expertise and how you can drive performance improvements.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re keen on joining our team at IQUW.
We think you need these skills to ace Senior Underwriter, Retail
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your relevant experience in underwriting, especially in motor insurance, and showcase your technical expertise. We want to see how your skills align with our needs!
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 background makes you a perfect fit. Don’t forget to mention your understanding of market dynamics and your analytical mindset.
Showcase Your Collaboration Skills: Since this role involves working closely with various teams, make sure to highlight your collaboration skills. Share examples of how you've successfully worked with others to achieve financial targets or improve performance in previous roles.
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 ensures you don’t miss any important updates from our team!
How to prepare for a job interview at ERS
✨Know Your Products Inside Out
As a Senior Underwriter, you need to demonstrate extensive technical knowledge of the products you'll be dealing with. Brush up on the features, market dynamics, and customer requirements of the insurance products relevant to IQUW. This will not only show your expertise but also your commitment to understanding the role.
✨Showcase Your Analytical Skills
Be prepared to discuss how you've used data analysis in your previous roles. Since the job requires an analytical mindset and proficiency in Microsoft Excel, think of specific examples where your analytical skills led to improved performance or decision-making. Bring along any relevant reports or presentations to illustrate your points.
✨Demonstrate Strong Interpersonal Skills
This role involves extensive broker contact, so it's crucial to showcase your interpersonal skills during the interview. Prepare to discuss how you've built and maintained relationships in the past, especially in challenging situations. Highlight your ability to articulate mutually beneficial outcomes and navigate difficult conversations.
✨Prepare for Technical Questions
Expect to face technical questions related to underwriting strategies and pricing methodologies. Review common practices and be ready to discuss how you've contributed to portfolio performance in your previous roles. This will help you convey your expertise and readiness to take on the responsibilities of the position.
