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- Tasks: Join our team as a Senior Underwriter, managing risks and developing innovative solutions.
- Company: Hiscox is a leading insurer known for its creative approach and supportive culture.
- Benefits: Enjoy flexible working options and a diverse, inclusive environment.
- Why this job: Be part of a dynamic team that values creativity and challenges the status quo.
- Qualifications: A-level Science or Maths, strong communication skills, and experience in underwriting are essential.
- Other info: Opportunity to work across multiple territories and contribute to significant business growth.
The predicted salary is between 43200 - 72000 £ per year.
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Senior Underwriter – Property
Job Type: Permanent
Build a brilliant future with Hiscox
Hiscox London Market specialises in managing risk and focusing on our key areas of expertise and strength – all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.
We insure the unique and the interesting, and we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. Everyone is encouraged to think creatively, challenge the status quo, and look for solutions.
About the Property division
Our team of underwriters focus on Property and Special lines across the London Market, ranging from Household, Commercial Property, Flood, Major Property, and Alternate Risk. As a high performing, diverse team, we are always looking to challenge ourselves to deliver exceptional underwriting performance and quality.
This is a fantastic opportunity to join the Property Binders team as a Senior Underwriter, contributing to a significant line of business within the London market during favourable trading conditions. You\’ll be part of a dynamic and established lead market, operating across multiple territories. If you like a challenge and work to high standards, this could be the role for you.
Key responsibilities:
- Underwriting new and existing risk presented to Hiscox
- Management of binding authorities
- Contribute to portfolio management
- Support the development of our products and refinement of our pricing
- Develop new business across the US, Canada, and Caribbean
- Support in further development of our underwriting system, control processes, and reporting suite
- Conduct market and industry research to develop knowledge
- Have established and well-managed broker relationships
- Attend client meetings and events to grow industry knowledge and sell the Hiscox brand
- Contribute to wordings and contract review process
- Support with the account management and business planning
- Experience of portfolio management is essential
- Experience as a lead market is favourable
- A long track record of delegated authority underwriting experience
- Multi-class experience (Homeowners & Commercial and/or others)
- Strong mathematical literacy and interested in technical aspects of underwriting and pricing. A-level Science or Maths as a minimum
- A confident communicator with demonstrable communication skills both oral and written
- A strong track record of working successfully in a team
- Have a good understanding of catastrophe models and their impact in writing single risks or a portfolio of risks
- Have a keen interest in data analytics
- ACII qualification is favourable
- A natural innovator who always looks for a better way to service their customer
- Ability to prioritise work and manage effectively and accurately under pressure, ensuring that deadlines are met
Behavioural traits:
- A winning attitude; hungry for knowledge, never satisfied, and a passion for innovation
- A team player; believes in achieving as a team, has empathy for others and approachable even in stressful times
- Adaptable; always looks for a better way, flexible in style and resilient to change
Diversity and flexible working at Hiscox
At Hiscox, we care about our people. We hire the best people for the job and are committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn\’t always have to be \’nine to five\’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.
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Work with amazing people and be part of a unique culture
Job ID R0017206
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Senior Underwriter - Property employer: Hiscox Ltd
Contact Detail:
Hiscox Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Property
✨Tip Number 1
Network with professionals in the insurance and underwriting sectors, especially those who work at Hiscox or similar companies. Attend industry events and seminars to meet potential colleagues and learn more about the company culture.
✨Tip Number 2
Familiarise yourself with the latest trends and challenges in property underwriting, particularly in the London Market. This knowledge will help you engage in meaningful conversations during interviews and demonstrate your commitment to the role.
✨Tip Number 3
Showcase your ability to innovate by preparing examples of how you've improved processes or solved problems in previous roles. Hiscox values creative thinkers, so be ready to discuss your contributions to team success.
✨Tip Number 4
Research Hiscox's approach to diversity and inclusion, and think about how your own experiences align with their values. Be prepared to discuss how you can contribute to a positive and inclusive workplace culture during your interview.
We think you need these skills to ace Senior Underwriter - Property
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Underwriter position at Hiscox. Tailor your application to highlight relevant experience in underwriting, portfolio management, and your ability to work under pressure.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience with delegated authority underwriting and multi-class experience. Mention specific examples of how you've successfully managed risks and contributed to portfolio management in previous roles.
Showcase Your Skills: Demonstrate your strong mathematical literacy and interest in data analytics. Include any relevant qualifications, such as ACII, and discuss how these skills have helped you in your previous positions, particularly in relation to pricing and underwriting.
Craft a Compelling Cover Letter: Write a cover letter that reflects your passion for innovation and your winning attitude. Discuss how you align with Hiscox's culture of challenging convention and your commitment to teamwork. Make sure to convey your adaptability and resilience in the face of challenges.
How to prepare for a job interview at Hiscox Ltd
✨Showcase Your Underwriting Expertise
Make sure to highlight your experience in underwriting, especially in property and multi-class environments. Be prepared to discuss specific cases where you successfully managed risks and how your decisions positively impacted the portfolio.
✨Demonstrate Your Analytical Skills
Since strong mathematical literacy is essential for this role, be ready to talk about your experience with data analytics and catastrophe models. You might even want to prepare a few examples of how you've used data to inform your underwriting decisions.
✨Emphasise Team Collaboration
Hiscox values teamwork, so share examples of how you've worked effectively within a team. Discuss any challenges you've faced and how you supported your colleagues to achieve common goals, showcasing your empathy and approachability.
✨Prepare for Creative Problem-Solving
As a company that encourages innovation, be ready to discuss how you've challenged the status quo in your previous roles. Think of instances where you proposed new ideas or processes that improved efficiency or customer service.
