At a Glance
- Tasks: Underwrite commercial products and support E-trade portfolio improvements.
- Company: Hiscox, a leading brand in the insurance market with a unique culture.
- Benefits: Flexible working, great employee benefits, and a focus on wellbeing.
- Other info: Diversity and inclusion are at our core; we support flexible working arrangements.
- Why this job: Join a dynamic team and develop your underwriting skills while making an impact.
- Qualifications: Minimum 2 years as a commercial lines underwriter; strong communication and analytical skills.
The predicted salary is between 36000 - 60000 £ per year.
locations: UK, York
time type: Full time
posted on: Posted Today
job requisition id: R0018577
Job Type: Permanent
Build a brilliant future with Hiscox
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
The Direct Commercial and Digital Trading underwriting team is located in York. The team forms part of Hiscox UK’s central operations function and are responsible for the technical underwriting of new business and referrals, influencing the declinature rate targets for the portfolio using the change cycle. As an underwriter you’ll sit within our Direct Commercial and Digital Trading underwriting operations team, developing your skills to underwrite our commercial policies as well as providing support and training to the Insurance Experts within the Customer Experience Centre or Broker Experience Centre who deal directly with commercial customers and brokers.
The Digital team specifically focus on underwriting business via our E-trade platforms, where you will support the E-trade portfolio by identifying trends and recommending improvements to reduce the referrals and declinatures. The role will provide a breadth of development opportunities and exposure to our products and underwriting strategy to allow you to progress your underwriting career.
What you’ll be doing:
- You’ll be underwriting our commercial products in line with our high standards
- Working towards set targets each month including profitability and productivity
- You’ll take a proactive approach to learning and developing your skills in underwriting and sales
- Profitable underwriting of eTrade referrals and risks including technical referrals for new business, MTAs and renewals within the agreed service standard
- Drive a two way appreciation of sales strategy and underwriting strategy with the relevant regional teams by maintaining strong lines of communication
- Effectively negotiate with both internal and external parties including identified points of contact with a brokerage
- Challenging non-standard underwriting decisions leveraging the expertise of product specialists and underwriting managers
- Showing courage and innovation by spotting process improvements and how we can do things differently to improve the customer experience and drive profitable growth
- Completing industry and product analysis, engaging relevant stakeholders and underwriting management focusing on growth and control measures
Our must haves
- You’ll have min. 2 years’ experience as a commercial lines underwriter with knowledge of Professional Indemnity, exposure to Management Liability and Cyber will be advantageous
- A logical and analytical thinker
- An excellent communicator with the ability to present and articulate your thinking
- A natural flair for building relationships enabling you to develop close rapport with brokers
- Be an ambassador of Hiscox and demonstrate ‘going the extra mile’ dedication and commitment in a fast growing and demanding area of the business
- Ambitious and driven, someone who can self-motivate and achieve results
- Ideally Degree qualified and working towards Diploma CII or exempt through relevant experience as defined by the FCA
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.
If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us.
Development Underwriter - Digital Trading employer: Hiscox
Hiscox UK is an exceptional employer, offering a dynamic work environment in York where innovation and collaboration thrive. With a strong commitment to employee development, flexible working options, and a culture that values diversity, Hiscox empowers its team members to excel in their careers while enjoying comprehensive benefits that support their wellbeing. Join us to be part of a forward-thinking company that not only sets industry standards but also invests in the growth and success of its employees.
StudySmarter Expert Advice🤫
We think this is how you could land Development Underwriter - Digital Trading
✨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 Development Underwriter - Digital Trading
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.
