At a Glance
- Tasks: Underwrite and develop Political Risk Insurance while building strong client relationships.
- Company: Join HDI, a global leader in Corporate & Specialty Insurance with over 120 years of experience.
- Benefits: Enjoy a competitive salary, hybrid work options, and opportunities for professional growth.
- Other info: Be part of an inclusive workplace that values diversity and collaboration.
- Why this job: Make a real impact in the insurance industry while working with a diverse team.
- Qualifications: In-depth knowledge of Political and Credit Risk markets and strong relationship-building skills.
The predicted salary is between 60750 - 74250 £ per year.
- Senior Underwriter - Political Risk & Contract Frustration
- London |Permanent - Full Time
- Hybrid
About us
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
Develop a profitable book of business focused on (but not limited to) development of Political Risk Insurance (Contract Frustration and Equity/Lenders Political Risks insurance) in-line with HDIs underwriting through:
- Underwriting the Credit and Political Risk Insurance account - in accordance with the underwriting guidelines, pricing tools and business plan
- Externally promote HDI Global to broking houses, with a focus on Political Risk Insurance, creating a network of supporting brokers providing clients opportunities within appetite and responding to and developing new opportunities as they are presented
- Contributing to the strategic direction of the accounts – working with Underwriting Manager, Sovereign and Political Risk, the Head of Credit & Political Risks Insurance Global Hub and Underwriting Manager, Credit & Political Risk.
- Key accountabilities
- Underwrite, review, peer-review, process, and service, profitable new business and renewals for the Credit and Political Risk account in line with Underwriting Authority, the business plan, appetite guidelines and all HDI underwriting rules and guidelines.
- Work with Underwriting Manager to develop knowledge and make a leading contribution to the development of the Political Risks element of the account.
Specific tasks include marketing, portfolio development, current and new client evaluation and product innovation.
- Offer product and wording expertise and be a team-wide resource for frequent bespoke wording/clause amendments and additions, referral point of contact for underwriters to agree and review policy documentation including referral to Legal & Compliance.
- Review & develop new market products, both in-house and from the market (liaising with Operations, Legal, Compliance and Home Office).
- Establish and develop relationships with key clients (primarily Banks, Public Agencies, Corporates, Traders and some other select clients) as well as key broking partners.
- Represent CPRI/HDI in internal/external exchanges, work streams and meetings.
- Represent HDI and develop HDIs profile within the Berne Union and other external trade, market and lobbying bodies, including the IUA.
- Identify new business opportunities and growth areas for the class - supported by analytics as appropriate.
- Identify and calculate risk trends and suggest modifications to the underwriting appetite and determine premium levels as appropriate.
- Design, implement and maintain process controls to ensure the quality of the output for your area/team within the function.
Ensure documentation of the processes and output is accurate, up-to-date and accessible.
- Design, deliver, develop and analyse reports, identify and recommend solutions to reporting issues in line with team/group/branch requirements.
- End to end project management for functional projects and contribute to any Team and /or Branch wide projects.
- Provide technical Political Risk underwriting expertise / guidance to less experienced underwriting staff on the coverage, risk selection, market, and best practice.
- Nurture a culture of strong collaboration with HDI Global Specialty Group colleagues around the world.
Skills & experience
- Strong first hand, in-depth working knowledge of Political and Credit Risk markets with a focus on the Contract Frustration and Equity/Lenders Political Risks Insurance products.
- Strong technical understanding of classes.
- Demonstrable knowledge of Political and Credit Risk business and coverage design.
- Established business relationships with London and global market brokers and clients.
- Other
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.
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Senior Underwriter - Political Risk & Contract Frustration in London employer: HDI
HDI is an excellent employer that values inclusivity and offers a dynamic work culture where employees can thrive. With opportunities for professional growth and development, particularly in the field of marine cargo underwriting, team members are encouraged to enhance their skills while collaborating with industry experts. Located in a vibrant market, HDI provides a supportive environment that fosters innovation and meaningful engagement with clients and partners.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - Political Risk & Contract Frustration in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like HDI). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like HDI. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Underwriter - Political Risk & Contract Frustration in London
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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at HDI. 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
✨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 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, 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'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.
