At a Glance
- Tasks: Underwrite property risks and develop strong broker relationships for profitable growth.
- Company: Dynamic London Market Insurer with a focus on innovation and collaboration.
- Benefits: Competitive salary, professional development, and opportunities for networking.
- Other info: Exciting career growth opportunities in a fast-paced environment.
- Why this job: Join a growing team and make an impact in the UK Property market.
- Qualifications: Experience in UK Property underwriting and strong broking contacts required.
The predicted salary is between 63000 - 77000 £ per year.
New
Vacancy: Underwriter - Property (UK Multinational) London Market Insurer City of London I am currently partnered with a London Market Insurer who are seeking an Underwriter to join their growing UK Property division.
This role will be Underwriting Property related risks, with a focus on UK Multinational business for a range of occupancies.
You will be writing packaged Casualty risks in this role too.
My client is looking for an experienced UK Property or P C/Commercial Combined Underwriter, with strong Broking contacts either in London or regionally, and the desire to write new business.
Key Responsibilities Deliver the underwriting strategy for the Property portfolio, supporting profitable growth in line with business objectives and underwriting appetite.
Underwrite new and renewal business within delegated authority, applying sound technical judgement and strong commercial acumen.
Assess complex risks by reviewing applications, financial information and supporting documentation to determine acceptability in line with underwriting guidelines and standards.
Recommend appropriate pricing, terms, conditions and coverage enhancements based on detailed technical analysis and prevailing market conditions.
Build, develop and maintain strong trading relationships with key brokers, acting as a trusted underwriting partner and identifying opportunities for profitable growth.
Proactively develop new business opportunities while strengthening and expanding existing broker relationships across the market.
Work collaboratively with the Senior Underwriting Leadership Team to deliver underwriting strategy and achieve portfolio objectives.
Prepare quotations and respond to technical underwriting enquiries from brokers, internal stakeholders and business partners, escalating matters where appropriate.
Clearly communicate underwriting decisions, including referrals, underwriting requirements, rate negotiations and declinatures, ensuring brokers understand the commercial rationale behind decisions.
Monitor portfolio performance through analysis of quality, rate adequacy, exposure and profitability, providing insight and recommendations to support portfolio optimisation.
Contribute to the ongoing development of underwriting appetite, products and trading strategy through technical expertise, market knowledge and underwriting insight.
Represent the organisation within the broker community through regular broker meetings, market visits and industry networking events, promoting the companys proposition and values.
Maintain a strong understanding of market trends, competitor activity, regulatory developments and emerging risks.
Ensure all underwriting activity complies with regulatory, legal and governance requirements, as well as relevant policies and underwriting controls.
Work closely with senior colleagues on risks exceeding delegated authority or requiring specialist technical input.
Develop proficiency across all relevant underwriting systems and contribute to continuous improvement initiatives where appropriate.
Undertake additional responsibilities and projects as required.
Underwriter - UK Property (Commercial Combined) employer: High Finance Limited
As a Senior Premium Processing Technician at our esteemed independent Lloyd's insurance broker in London, you'll thrive in a collaborative culture that values technical expertise and exceptional service. With a strong focus on employee development, we offer a supportive environment where your contributions will make a real impact, alongside competitive benefits and the flexibility of a hybrid working model.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - UK Property (Commercial Combined)
✨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 High Finance Limited). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
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✨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 High Finance Limited. 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 (Commercial Combined)
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 High Finance Limited.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at High Finance Limited. 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 High Finance Limited
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at High Finance Limited 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 High Finance Limited, 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 High Finance Limited'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.
