At a Glance
- Tasks: Deliver exceptional service and drive profitable growth in the Schemes team.
- Company: Hiscox UK, a leading brand in the insurance market known for innovation.
- Benefits: Flexible working, diverse culture, and opportunities for professional development.
- Other info: Be part of a unique culture with amazing people.
- Why this job: Join a dynamic team and shape the future of bespoke insurance solutions.
- Qualifications: Experience in underwriting and strong interpersonal skills required.
The predicted salary is between 36000 - 60000 £ per year.
Build a brilliant future with Hiscox.
About Hiscox UK:
Hiscox UK is a leading brand in the insurance market, recognised as setting the standards others try to emulate. We consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. We are known for insuring the homes of the rich and famous through to the most innovative technology companies. Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs.
The role:
We have a market leading reputation for producing bespoke solutions for niche customer groups managed by our broker partners. Within the wider Schemes team we deliver Schemes solutions across the UK retail business. You’ll work across the existing portfolio of schemes business ensuring that we deliver market leading service across your scheme panel. You’ll work with the wider Schemes Team across underwriting, operations, sales and the wider senior leadership team to drive improvement and profitable growth of our schemes portfolio, playing an integral part in realising our ambitions of growing the book in line with our strategic ambitions. You’ll have responsibility for dealing with the schemes business, dealing not only with underwriting business and servicing our schemes partner brokers, but also the opportunity to help drive and shape our wider underwriting strategy and growth.
What you’ll be doing:
- Delivering exceptional service to our brokers, dealing with referrals and writing more complex business.
- In conjunction with the Sector lead and schemes underwriting team, be responsible and accountable for the profitable growth of schemes.
- Challenge convention on a regular basis, able to suggest and execute effective growth and portfolio underwriting strategies to ensure sustained profitable growth.
- Keep abreast of new risks and exposures within our chosen sectors to ensure Hiscox market leading position is maintained.
- Working with the Sector lead around shaping and driving the underlying underwriting strategy and portfolio of business to deliver our ambitions.
- Taking underwriting ownership, relationship management and accountability for some of our key strategic broker partners.
- Operating within the Property & Casualty Sector.
Our must-haves:
- Ability to make a confident decision in difficult and complex situations.
- Strong interpersonal skills and ability to work independently in a collaborative environment.
- Demonstrated experience in underwriting.
- ACII qualification or progression towards.
- Comfortable analysing, making and executing underwriting recommendations on complex cases outside of your authority or willing to learn these skills.
- Interest in developing as a potential sector expert in a specialist area.
- Able to demonstrate influencing and negotiation skills.
- Open to new ideas, innovation and educated risk taking.
Diversity and flexible working at Hiscox:
At Hiscox we care about our people. We hire the best people for the job and we’re 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. Work with amazing people and be part of a unique culture.
Schemes Underwriter (Property & Casualty) in Colchester employer: Hiscox
Hiscox UK is an exceptional employer, renowned for its commitment to diversity and inclusion, fostering a collaborative work culture that empowers employees to excel. With a focus on professional growth and the opportunity to shape innovative underwriting strategies, employees enjoy a dynamic environment where their contributions are valued. Located in a vibrant sector of the insurance market, Hiscox offers flexible working arrangements and the chance to work alongside industry leaders, making it a truly rewarding place to build a career.
StudySmarter Expert Advice🤫
We think this is how you could land Schemes Underwriter (Property & Casualty) 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 Schemes Underwriter (Property & Casualty) 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.
