At a Glance
- Tasks: Underwrite high-value properties and manage broker relationships while developing innovative products.
- Company: Join a leading insurance firm with a focus on diversity and flexibility.
- Benefits: Enjoy flexible hours, wellbeing support, and a strong work-life balance.
- Other info: Dynamic team environment with opportunities for professional growth and development.
- Why this job: Make an impact in the high-value property market and grow your industry knowledge.
- Qualifications: Experience in high-value home underwriting and strong communication skills required.
The predicted salary is between 50000 - 70000 £ 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 employer: Hiscox Underwriting Group Services Ltd (HUGS)
Hiscox is an exceptional employer, offering a dynamic work environment that prioritises diversity and flexibility, allowing Underwriters to thrive in their roles while maintaining a healthy work-life balance. With a strong focus on employee growth, we provide opportunities for professional development and the chance to engage with high-value clients across the US, Canada, and the Caribbean, making it a rewarding place to build a career in underwriting.
Contact Details:
Hiscox Underwriting Group Services Ltd (HUGS) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend events, and engage with professionals on LinkedIn. Building relationships can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by researching the company and its products. Understand their approach to underwriting high-value homes and be ready to discuss how your experience aligns with their needs.
✨Tip Number 3
Showcase your skills in data analytics and catastrophe models during discussions. Highlighting your technical knowledge can set you apart from other candidates and demonstrate your value.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed and shows your genuine interest in joining the team at Hiscox.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your previous high-value home underwriting experience and any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how you can contribute to our Property Binders team. Keep it engaging and personal – we love a bit of personality!
Showcase Your Communication Skills:As a confident communicator, make sure your written application reflects that. Use clear and concise language, and don’t shy away from demonstrating your strong communication skills. We appreciate clarity and professionalism!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Hiscox Underwriting Group Services Ltd (HUGS)
✨Know Your Numbers
As an Underwriter, you'll need to demonstrate strong mathematical literacy. Brush up on your numerical skills and be prepared to discuss how you've used data analytics in past roles. This will show that you understand the technical aspects of underwriting and pricing.
✨Showcase Your Experience
Make sure to highlight your previous high-value home underwriting experience. Be ready to share specific examples of how you've managed binding authorities and broker relationships. This will help the interviewers see that you have the relevant background for the role.
✨Communicate Confidently
Since this role involves client meetings and industry events, practice your communication skills. Prepare to articulate your thoughts clearly and confidently, both orally and in writing. This will demonstrate your ability to represent the Hiscox brand effectively.
✨Research the Market
Conduct thorough market and industry research before your interview. Understanding current trends in the property sector, especially regarding high-value homes, will not only impress your interviewers but also show your genuine interest in the role and the company.
