At a Glance
- Tasks: Lead the development of innovative motor insurance strategies and collaborate with diverse teams.
- Company: Join the UK's largest specialist motor insurer with a strong global presence.
- Benefits: Competitive salary, inclusive culture, and top-notch training opportunities.
- Other info: Be part of a diverse team committed to innovation and excellence.
- Why this job: Make a real impact in the dynamic world of motor insurance and drive sustainable growth.
- Qualifications: Strong analytical skills and extensive knowledge of motor insurance products required.
The predicted salary is between 60000 - 80000 £ per year.
About Us
ERS Syndicate 218 at Lloyds is managed by Starr. We are the UK's largest specialist motor insurer with an A+ rating and have been making motoring passions and livelihoods possible since 1946. 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 customers' needs. Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world's fastest‐expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever‐changing marketplace.
Role Purpose
ERS is a leading underwriter of a wide range of specialist motor insurance products. Our focus is on delivering sustainable, high‐margin growth through the provision of high‐quality propositions to a wide range of broker partners. The Senior Underwriter's primary responsibilities are to execute our underwriting strategy and develop our underwriting appetite, working closely with the Pricing and Technology teams, as well as other stakeholders across the business.
Key Responsibilities
- Lead the development of the underwriting strategy for our products, based on market knowledge and product expertise, while executing the strategy with the product delivery team.
- Contribute to portfolio performance management by analysing results, executing selection and pricing strategies, and providing recommendations that drive continuous improvement to meet or exceed financial plans.
- Work with Product Performance Analysts to provide direction and support, improving their knowledge and utilising their skills to achieve strategic goals.
- Constantly refine underwriting appetite to capture market opportunities and outperform peers through superior risk selection and proactive business mix management.
- Act as a technical referral point for other underwriting team members, brokers, and internal functions, using extensive risk, product, and pricing knowledge to inform decisions.
- Provide feedback on risk pricing models to improve accuracy and sophistication.
- Collaborate with all business areas to deliver a clear, seamless set of propositions to the market.
- Contribute to "first line of defence" activities, using audit and peer‐review tools, exception reporting, and performance MI to assess and monitor underwriting activities in accordance with underwriting authorities, processes, regulatory, and conduct standards.
Essential Qualifications, Skills and Experience
- Ability to collaborate with a talented team toward achieving challenging financial targets.
- Extensive technical knowledge of the product(s), including features, performance drivers, market dynamics, and customer requirements.
- Demonstrated gravitas and clarity of purpose that inspires confidence in senior stakeholders.
- Proficient in creating coherent and comprehensive Microsoft PowerPoint presentations for committees and senior stakeholders.
- Commercial awareness with the ability to spot and seize opportunities that enhance financial performance.
- Detailed understanding of pricing practices and methodologies, with experience improving pricing capability and providing insights on models.
Core Behavioral Attributes
- Analysis and decision‐making
- Innovation and problem‐solving
- Strategic perspective
- Commerciality
- Performance focus
- Communication and influence
- Development of self and others
Starr is an equal‐opportunity employer. We consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and are committed to creating an inclusive environment for all employees. We offer first‐class training and development opportunities.
Senior Underwriter - Motor Innovation in London employer: Exagen Inc.
At Starr, we pride ourselves on being the UK's largest specialist motor insurer, offering a dynamic work environment that fosters innovation and collaboration. Our commitment to employee growth is evident through our first-class training programmes and inclusive culture, ensuring that every team member can thrive while contributing to our mission of delivering high-quality insurance solutions. Join us in London, where you will be part of a global organisation that values your expertise and empowers you to make a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - Motor Innovation in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at ERS or similar companies. Building relationships can open doors that a CV just can't.
✨Show Off Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your technical knowledge and experience in motor insurance. Share specific examples of how you've tackled challenges in underwriting or improved pricing strategies. This will show them you're the real deal!
✨Prepare for the Interview
Do your homework on ERS and the motor insurance market. Be ready to discuss their products and how you can contribute to their growth. Practise common interview questions and think about how your skills align with their needs. Confidence is key!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the team at ERS. Let’s get you that job!
We think you need these skills to ace Senior Underwriter - Motor Innovation in London
Some tips for your application 🫡
Know Your Stuff:Make sure you really understand the role of a Senior Underwriter and what it entails. Brush up on your knowledge of motor insurance products and market dynamics, as this will help you stand out in your application.
Tailor Your Application:Don’t just send a generic CV and cover letter. Tailor your application to highlight your relevant experience and skills that align with our underwriting strategy and the specific requirements mentioned in the job description.
Showcase Your Collaboration Skills:We love team players! Highlight any past experiences where you've successfully collaborated with others, especially in achieving financial targets or developing strategies. This will show us you can work well with our talented team.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Exagen Inc.
✨Know Your Underwriting Inside Out
Make sure you brush up on your technical knowledge of motor insurance products. Understand the features, performance drivers, and market dynamics. This will help you demonstrate your expertise and confidence during the interview.
✨Showcase Your Analytical Skills
Be prepared to discuss how you've used data analysis in previous roles to drive decision-making. Bring examples of how you've contributed to portfolio performance management and improved pricing strategies. This will highlight your analytical mindset and problem-solving abilities.
✨Prepare for Collaboration Questions
Since collaboration is key in this role, think of examples where you've successfully worked with cross-functional teams. Be ready to explain how you’ve influenced stakeholders and contributed to strategic goals, showcasing your communication skills and ability to inspire confidence.
✨Craft a Compelling Presentation
As you'll need to create presentations for senior stakeholders, practice putting together a clear and coherent PowerPoint presentation. Focus on how you can convey complex information simply and effectively, as this will be crucial in demonstrating your commercial awareness and strategic perspective.
