At a Glance
- Tasks: Handle renewals, new risks, and develop broker relationships in a dynamic insurance environment.
- Company: Join Tokio Marine HCC, a leading Specialty Insurer with a focus on innovation.
- Benefits: Competitive salary, employee benefits, and opportunities for professional growth.
- Other info: Dynamic workplace with rapid growth and equal opportunity employer.
- Why this job: Make an impact in a market-leading team while developing your underwriting skills.
- Qualifications: 3+ years in a similar role, strong communication, and IT skills required.
The predicted salary is between 50000 - 60000 £ per year.
Location: City of London
Position Type: Permanent, 35 hours per week
Hybrid: Minimum of 4 days working in the office
Overview:
Why Tokio Marine HCC? Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.
Job Purpose:
This role would be well suited for an Underwriter or Assistant Underwriter who is dedicated and keen to make an impact on a market leading team. The role will involve handling renewals, new risks, quotations, adjustments and developing broker relationships. This role is not based in Lloyds and has a focus on growth within an SME market, with the successful candidate having the opportunity to write insurance on a wide range of professions.
Key Responsibilities:
- Provide service to brokers / Clients on all Classes underwritten
- Underwriting of risks within authority and referral of risks outside of authority.
- Take underwriting referrals once appropriate authority level attained and provide necessary support / training.
- Handling referrals and queries from the HCC online system within service levels.
- Monitoring of Broker Accounts / Performance within Team
- Assist in compiling and presenting training sessions
- Attending in house / external training sessions and actively maintaining own training record.
- Dealing with Brokers within required service levels.
- Dealing with underwriting administration e.g. production of policy documents, accounts queries etc.
- Broker development, actively meeting with Brokers to develop business.
- Undertake any other ad hoc activities / project work as required.
Skills and Experience Specification:
Essential:
- At least 3 years experience of working within a similar role
- A high level of technical PI underwriting knowledge
- Minimum of 3 A levels at Grade C or above (or equivalent)
- Excellent communication skills (verbal and written) to underpin broker development and relationship building.
- A high level of IT literacy, including Word and Excel
- Strong negotiation skills
- Ability to organise workload and priorities and work to deadlines
Desirable:
- Relevant insurance qualification or willing to work towards qualifications
What We Offer:
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.
The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.
Underwriter – Professional Indemnity in London employer: HCC Service Co. UK Branch
Contact Detail:
HCC Service Co. UK Branch Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter – Professional Indemnity in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend networking events, join relevant online forums, and don’t be shy about reaching out to professionals on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Ace the Interview
Prepare for your interviews by researching the company and understanding their values. Practice common interview questions and think about how your experience aligns with the role of an Underwriter. Confidence is key, so show them you’re the right fit!
✨Follow Up
After an interview, send a quick thank-you email to express your appreciation for the opportunity. It’s a simple gesture that keeps you fresh in their minds and shows your enthusiasm for the position.
✨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 our team at Tokio Marine HCC.
We think you need these skills to ace Underwriter – Professional Indemnity in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight your experience in professional indemnity and any relevant skills that match the job description. We want to see how you can make an impact on our market-leading team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how your background aligns with our values at Tokio Marine HCC. We love seeing genuine enthusiasm for the role.
Showcase Your Communication Skills: Since excellent communication is key for this role, make sure your written application reflects that. Keep it clear, concise, and professional. We want to see your ability to build relationships right from the start!
Apply Through Our Website: Don’t forget to apply 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 to join our dynamic team!
How to prepare for a job interview at HCC Service Co. UK Branch
✨Know Your Stuff
Make sure you brush up on your technical knowledge of Professional Indemnity underwriting. Familiarise yourself with the latest trends and challenges in the industry, as well as the specific types of risks you might encounter. This will show that you're not just a candidate, but someone who genuinely understands the field.
✨Showcase Your Communication Skills
Since this role involves building relationships with brokers, practice articulating your thoughts clearly and confidently. Prepare examples of how you've successfully communicated complex information in the past. This will demonstrate your ability to engage effectively with clients and colleagues alike.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle specific underwriting scenarios or broker interactions. Think through potential situations you might face in the role and prepare your responses. This will help you convey your problem-solving skills and your approach to risk management.
✨Ask Insightful Questions
At the end of the interview, don’t shy away from asking questions. Inquire about the company’s growth plans, the team dynamics, or how they measure success in the underwriting department. This shows your interest in the role and helps you assess if the company is the right fit for you.