At a Glance
- Tasks: Select and underwrite political risk and contract frustration products while building strong broker relationships.
- Company: Join HDI, a global insurer with over 120 years of experience and a collaborative culture.
- Benefits: Enjoy competitive salary, inclusive environment, and opportunities for professional growth.
- Other info: Be part of a diverse team committed to innovation and excellence.
- Why this job: Make a real impact in international markets while developing your analytical and relationship management skills.
- Qualifications: Experience in political and credit risk markets, strong analytical and communication skills required.
The predicted salary is between 50000 - 65000 £ per year.
HDI is a Corporate & Specialty Insurer part of the Talanx Group.
With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.
The role
To carefully select and underwrite risks, in a cost effective manner and in accordance within granted authority levels, focusing on the Political Risk and Contract Frustration products and under the direction of the Underwriting Manager, Sovereign and Political Risk to ensure the Political & Credit Risk class is profitable and business targets are met.
- Key accountabilities
- Generate a material contribution to the underwriting of the Political & Credit Risk portfolio whilst maintaining high standards on new and renewal business.
- Responsible for documenting underwriting rationale and decisions to maintain a record of why the risk was bound and complete the associated tools for data capture.
- Broker liaison - develop strong, long-term relationships with brokers and clients to profitably grow a book of business and provide excellent customer service.
- Review and assess wordings and underwriting criteria with Legal & Compliance.
- To calculate possible risk and determine appropriate insurance premiums using risk information, pricing model, other statistics and own judgment within underwriting authority level, making necessary referrals in accordance with company policy.
- Preparation of reports for internal reporting.
- Represent HDI at client meetings and insurance conferences, and deliver presentations to brokers and clients as required.
- Participate in special underwriting projects, and Branch-wide projects as needed.
- Nurture a culture of strong collaboration with Political and Credit Risk and broadly HDI Global Group colleagues around the world.
- Communicate risk appetite and HDI value proposition to brokers and clients.
- Provide technical underwriting expertise / guidance to less experienced underwriting staff on the coverage, risk selection, and market.
Skills & experience
- Experience in the Political and Credit Risk or related markets, gained within an insurer, broker, bank, ECA, DFI or relevant financial institution.
- Good understanding of political, sovereign, economic, regulatory, and market-driven risks, and their impact on contracts, investments, trade, and cross-border transactions.
- Strong analytical skills with the ability to assess complex risks, identify key exposures, and evaluate factors that may affect transaction performance or recovery outcomes.
- Ability to make disciplined decisions and present clear, evidence-based risk recommendations.
- Knowledge of Political Risk and Contract Frustration insurance products, with an understanding of how these solutions support clients operating in international markets.
- Relationship management experience with brokers, clients, banks, public agencies, corporates, traders, or other market participants.
- Strong communication skills and the ability to work collaboratively with internal and external stakeholders.
As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.
If you require support with your application, please contact UK&IRE_Recruitment@hdi. global
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Underwriter - Political Risk & Contract Fustration employer: HDI Global SE
HDI is an exceptional employer, offering a dynamic work environment where finance professionals can thrive. With a strong commitment to employee development and a culture that values collaboration and innovation, you will have the opportunity to partner with senior stakeholders and drive meaningful change within the organisation. Located in the UK, HDI provides a unique chance to engage with diverse markets while enjoying the benefits of a supportive and inclusive workplace.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Political Risk & Contract Fustration
✨Dive Into Industry Networking Events
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We think you need these skills to ace Underwriter - Political Risk & Contract Fustration
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at HDI Global SE.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at HDI Global SE. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at HDI Global SE
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at HDI Global SE to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at HDI Global SE, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding HDI Global SE's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
