At a Glance
- Tasks: Underwrite high-value properties and manage broker relationships in a dynamic team.
- Company: Join Hiscox, a leader in innovative insurance solutions.
- Benefits: Enjoy flexible working hours, wellbeing support, and a focus on work-life balance.
- Other info: Opportunity for career growth and involvement in exciting industry events.
- Why this job: Make an impact in the high-value property market while developing your skills.
- Qualifications: Experience in high-value home underwriting and strong communication skills required.
The predicted salary is between 60000 - 80000 £ per year.
We are looking to join the Property Binders team as an Underwriter, focusing on the High Value and Ultra-High Value Homes segment of our portfolio. The role involves underwriting across a range of property lines including household, commercial property, flood and major property.
Responsibilities
- Management of binding authorities and broker relationships
- Underwriting of referrals at the box, in brokers' offices, or digitally
- Support the development of our products and refinement of our pricing
- Underwriting new and existing risks presented to Hiscox
- Develop new business across the US, Canada and Caribbean
- Support in further development of our underwriting system, control processes and reporting suite
- Attend client meetings and events to grow industry knowledge and sell the Hiscox brand
- Contribute to wordings and contract review process
- Support with portfolio management and business planning
- Conduct market and industry research to develop knowledge
Qualifications
- Previous high-value home underwriting experience
- Previous delegated property experience
- US/Canada experience preferred
- International underwriting experience is beneficial
- Experience as a lead market is favourable
- Strong mathematical literacy and interest in technical aspects of underwriting and pricing
- Confident communicator with demonstrable communication skills both oral and written
- Strong track record of working successfully in a team
- Understanding of catastrophe models and their impact in writing single risks or a portfolio of risks would be favourable
- Interest in data analytics
- ACII qualification or good progress towards
- Innovative mindset and ability to prioritise work and manage effectively under pressure
Benefits
- Diversity and flexible working: flexible hours where possible. Work life balance supported.
- Other benefits include mental and physical wellbeing support.
Underwriter in London employer: Hiscox Underwriting Group Services Ltd (HUGS)
Hiscox is an exceptional employer, offering a dynamic work environment that prioritises diversity and flexible working arrangements, ensuring a healthy work-life balance for all employees. As an Underwriter in the Property Binders team, you will have the opportunity to engage with high-value clients across the US, Canada, and the Caribbean, while benefiting from robust support for professional growth and development in a collaborative culture that values innovation and teamwork.
Contact Details:
Hiscox Underwriting Group Services Ltd (HUGS) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter in London
✨Dive Into Industry Networking Events
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We think you need these skills to ace Underwriter 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 Hiscox Underwriting Group Services Ltd (HUGS).
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hiscox Underwriting Group Services Ltd (HUGS). 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 Hiscox Underwriting Group Services Ltd (HUGS)
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hiscox Underwriting Group Services Ltd (HUGS) to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
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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 Hiscox Underwriting Group Services Ltd (HUGS), 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 Hiscox Underwriting Group Services Ltd (HUGS)'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.
