At a Glance
- Tasks: Lead and execute underwriting strategies for the Property portfolio, driving sustainable growth.
- Company: Dynamic London Market Insurer with a focus on innovation and collaboration.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional development.
- Other info: Engage with brokers and industry leaders while developing your career in a supportive environment.
- Why this job: Join a team where your decisions shape the future of property insurance.
- Qualifications: 6+ years in commercial underwriting with strong analytical and negotiation skills.
The predicted salary is between 58540 - 71548 £ per year.
- Underwriter - UK Property D&F
- City of London - Hybrid
- London Market Insurer
Responsibilities
- Lead and execute the underwriting strategy for the Property portfolio, supporting sustainable and profitable growth in line with business objectives and underwriting appetite.
- Underwrite new and renewal business within delegated authority, applying strong technical judgement, commercial awareness and a disciplined approach to risk selection.
- Evaluate complex commercial risks by reviewing applications, financial information and supporting documentation to determine risk acceptability in accordance with company guidelines and underwriting standards.
- Determine appropriate pricing, terms, conditions and coverage enhancements through detailed technical analysis, market insight and consideration of the wider trading environment.
- Build and maintain strong, long-term relationships with key brokers, positioning yourself as a trusted underwriting partner and identifying opportunities for profitable growth.
- Proactively identify and develop new business opportunities while strengthening and expanding existing broker relationships across the market.
- Work collaboratively with the Senior Underwriting Leadership Team to deliver the underwriting strategy and achieve portfolio performance objectives.
- Prepare accurate and commercially appropriate quotations and respond effectively to technical underwriting enquiries from brokers, internal stakeholders and business partners, escalating matters where required.
- Clearly communicate underwriting decisions, including referrals, underwriting requirements, rate negotiations and declinatures, ensuring brokers understand the rationale behind decisions.
- Monitor and analyse portfolio performance, including business quality, rate adequacy, exposure and profitability, providing actionable insight and recommendations to support portfolio optimisation.
- Contribute to the development and refinement of underwriting appetite, products and trading strategies through technical expertise, market knowledge and emerging risk insight.
- Represent the company across the broker market through regular broker meetings, market visits and industry networking events, promoting the company's proposition, expertise and values.
- Maintain a strong understanding of market trends, competitor activity, regulatory developments and emerging risks, assessing their potential impact on the portfolio.
- Ensure all underwriting activity is conducted in accordance with regulatory and legal requirements, Group policies, governance standards and underwriting controls.
- Collaborate with senior colleagues on complex risks that exceed delegated authority or require specialist technical expertise.
- Develop and maintain a high level of proficiency across relevant company systems and contribute to continuous improvement initiatives.
- Undertake any additional responsibilities reasonably required to support the wider business and underwriting function.
- Required Skills and Qualifications
- Ideally, 6+ years of commercial underwriting experience within the UK and/or London Market.
- Broad market experience across Large Commercial Property, Real Estate Property Owners and P&C Mid-Market segments would be highly advantageous.
- Strong technical underwriting expertise, with the ability to assess, structure and negotiate complex commercial risks.
- Demonstrable experience in managing, developing and growing a profitable portfolio of business.
- Established broker relationships, with a proven ability to build trust, influence trading decisions and develop long-term commercial partnerships.
- Strong commercial awareness and comprehensive knowledge of the UK insurance market and its key dynamics.
- Proven experience contributing to and delivering underwriting strategy and supporting portfolio development.
- Excellent negotiation, influencing and relationship management skills, with the confidence to engage effectively with brokers and senior stakeholders.
- Strong analytical, problem-solving and decision-making skills, with the ability to assess complex information and make sound underwriting judgements.
- Strong financial and commercial acumen, supported by a disciplined and consistent approach to underwriting profitability.
- Excellent written and verbal communication skills, with the ability to articulate technical and commercial decisions clearly and effectively.
- Ability to work autonomously while contributing effectively within a collaborative and high-performing underwriting environment.
- Strong organisational and time-management skills, with the ability to manage multiple priorities and competing demands effectively.
- Proficiency in Microsoft Office and relevant underwriting platforms and systems.
- ACII qualified, or actively working towards the qualification, with a clear commitment to continuous professional development and ongoing technical learning.
Underwriter - UK Property D&F in London employer: HFG Insurance Recruitment
Join a leading commercial insurance business in Surrey, where we prioritise a collaborative and inclusive work culture that fosters professional growth and development. As the Head of Compliance & Regulatory Strategy, you will benefit from a competitive salary package, including a generous bonus structure and long-term incentives, all while working alongside industry experts at the forefront of compliance leadership. Our commitment to employee well-being and career advancement makes us an exceptional employer for those seeking meaningful and rewarding opportunities.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - UK Property D&F 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 HFG Insurance Recruitment). 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 HFG Insurance Recruitment. 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 Underwriter - UK Property D&F 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 HFG Insurance Recruitment.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at HFG Insurance Recruitment. 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 HFG Insurance Recruitment
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at HFG Insurance Recruitment 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 HFG Insurance Recruitment, 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 HFG Insurance Recruitment'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.
