At a Glance
- Tasks: Underwrite high-value insurance products and collaborate with brokers to drive growth.
- Company: Hiscox, a leading international specialist insurer with a focus on innovation.
- Benefits: Hybrid working model, commitment to diversity, and opportunities for personal development.
- Other info: Embrace a culture of creativity and challenge the status quo.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: Experience in personal lines underwriting and strong relationship-building skills.
The predicted salary is between 60000 - 70089 £ per year.
Existing Business Underwriting sits with Distribution with teams located throughout the UK mainly in our regional underwriting hubs including Colchester and York.
The team forms part of Hiscox UK’s central distribution operations function and are responsible for the volume underwriting of our referrals across existing business.
The team directly influences the delivery of portfolio underwriting targets and plays a pivotal role in the portfolio change cycle.
The role will provide a breadth of development opportunities and exposure to our products, state‑of‑the‑art underwriting platform and underwriting strategy.
- What You’ll Be Doing
- Underwrite Art and Private Client products to high standards.
- Underwrite across both direct and broker distribution channels for high‑value household, motor, overseas property and travel insurance policies.
- Work towards a balanced business scorecard of performance accountabilities, including targets across growth, retention and broker experience.
- Develop sales skills and appreciation of sales and underwriting strategy in collaboration with wider teams and regions.
- Effectively negotiate with both internal and external parties and identify points of contact within brokers.
- Challenge non‑standard underwriting decisions leveraging expertise of product specialists and underwriting managers.
- Show courage and innovation by spotting process improvements to enhance customer experience and drive profitable growth.
- Our Must-Haves
- Experience as an underwriter within personal lines business.
- A logical and analytical thinker.
- A natural flair for building relationships enabling close rapport with brokers.
- A collaborative team player who understands that the team’s success is their own success.
- An ambassador of Hiscox, demonstrating ‘going the extra mile’ dedication and commitment in a fast‑growing and demanding area of the business.
- Ambitious and driven, able to self‑motivate and achieve results.
- Ideally Diploma CII qualified or exempt through relevant experience as defined by the FCA.
- About Hiscox
As an international specialist insurer, we are far removed from the world of mass‑market insurance products.
We are selective and focus on our key areas of expertise and strength, underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.
We ensure the unique and the interesting.
We search for talented people.
Hiscox is full of smart, reliable human beings that look out for customers and each other.
We believe in doing the right thing, making good and rebuilding when things go wrong.
Everyone is encouraged to think creatively, challenge the status quo and look for solutions.
Diversity and Flexible Working at Hiscox
We care about our people and are committed to diversity and creating a truly inclusive culture, which we believe drives success.
Working life does not always have to be in the office, so we have introduced hybrid working to encourage a healthy work‑life balance.
This hybrid working model is set by the team rather than the business to enable you to manage your own personal work‑life balance.
We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.
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High Net Worth Underwriter in Colchester employer: Hiscox
Hiscox SA is an excellent employer, offering a dynamic work environment that fosters innovation and collaboration in the field of cyber security. With a hybrid work model, employees enjoy flexibility while benefiting from a comprehensive package that supports their professional growth and well-being. The company prioritises employee development and engagement, making it a rewarding place for those looking to make a meaningful impact in the realm of AI and risk protection.
StudySmarter Expert Advice🤫
We think this is how you could land High Net Worth Underwriter in Colchester
✨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 Hiscox). 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 Hiscox. 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 High Net Worth Underwriter in Colchester
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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hiscox. 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
✨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 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 Hiscox, 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'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.
