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- Tasks: As a Schemes Underwriter, you'll manage broker relationships and develop tailored insurance solutions.
- Company: Hiscox UK is a leading insurance brand known for innovation and exceptional service.
- Benefits: Enjoy flexible working arrangements and a supportive, diverse culture.
- Why this job: Join a dynamic team, influence growth strategies, and mentor others in a collaborative environment.
- Qualifications: Experience in Schemes underwriting preferred; ACII qualification or progress towards it is a plus.
- Other info: Be part of a unique culture that values diversity and encourages innovation.
The predicted salary is between 36000 - 60000 £ per year.
Social network you want to login/join with:
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Client:
Hiscox
Location:
Colchester, United Kingdom
Job Category:
Other
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EU work permit required:
Yes
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Job Reference:
e2984981a554
Job Views:
5
Posted:
12.08.2025
Expiry Date:
26.09.2025
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Job Description:
Job Type: Permanent
Build a brilliant future with Hiscox
About Hiscox UK
Hiscox UK is a leading brand in the insurance market, recognized for setting industry standards. We deliver strong growth and exceptional returns, recruiting top talent to provide tailored insurance solutions for a diverse clientele, from high-net-worth individuals to innovative tech companies.
The Team
Our Schemes team specializes in creating and managing bespoke insurance solutions, working closely with brokers to develop niche packages and identify new opportunities. They oversee the entire process from concept to implementation, providing ongoing support.
The Role
As a Schemes Underwriter, you will be key to delivering tailored solutions for niche customer groups through our broker partners. You will manage our existing portfolio, collaborate across departments, and contribute to strategic growth initiatives. Your responsibilities include underwriting, servicing broker relationships, and influencing underwriting strategies.
What you’ll be doing:
- Providing excellent service to brokers, managing referrals, and underwriting complex business
- Driving profitable growth of schemes in collaboration with the Sector lead and underwriting team
- Challenging conventions and executing effective growth strategies
- Staying informed about sector risks to maintain market leadership
- Developing new products and propositions with the Sector lead
- Mentoring junior team members
- Shaping underwriting strategy and managing key broker relationships
- Operating within the Consumer sub-sector
Candidate Profile
Our must-haves:
- Decisiveness in complex situations
- Strong interpersonal skills and ability to work independently and collaboratively
- Experience in Schemes underwriting, especially in consumer products, preferred
- ACII qualification or progress towards it preferred
- Willingness to learn underwriting analysis and recommendations
- Interest in developing sector expertise
- Influencing and negotiation skills
- Openness to innovation and risk-taking
Diversity and flexible working at Hiscox
We value diversity and support flexible working arrangements. Please discuss potential flexibility options with our resourcing team.
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Work with amazing people and be part of a unique culture
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Schemes Underwriter - Consumer employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Schemes Underwriter - Consumer
✨Tip Number 1
Familiarise yourself with the latest trends in the insurance market, particularly in schemes underwriting. Understanding the nuances of consumer products will help you stand out during discussions with our team.
✨Tip Number 2
Network with professionals in the insurance industry, especially those involved in schemes underwriting. Engaging with brokers and other underwriters can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Demonstrate your ability to influence and negotiate by preparing examples from your past experiences. Being able to articulate how you've successfully managed broker relationships will be crucial in your conversations with us.
✨Tip Number 4
Show your willingness to learn and adapt by staying updated on sector risks and innovations. This proactive approach will not only impress us but also align with our commitment to maintaining market leadership.
We think you need these skills to ace Schemes Underwriter - Consumer
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the responsibilities and requirements of the Schemes Underwriter position. Tailor your application to highlight relevant experience in underwriting and managing broker relationships.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience in schemes underwriting, particularly with consumer products. Use specific examples to demonstrate your skills in decision-making and collaboration.
Showcase Your Skills: Make sure to mention your interpersonal skills, ability to work independently, and any qualifications like ACII or progress towards it. These are key attributes that Hiscox is looking for in a candidate.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention how you can contribute to the growth initiatives and innovative strategies at Hiscox.
How to prepare for a job interview at Hiscox
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Schemes Underwriter. Familiarise yourself with underwriting processes, especially in consumer products, and be ready to discuss how your experience aligns with these tasks.
✨Showcase Your Interpersonal Skills
Since the role involves managing broker relationships, be prepared to demonstrate your strong interpersonal skills. Share examples of how you've successfully collaborated with others or resolved conflicts in previous roles.
✨Prepare for Scenario Questions
Expect questions that assess your decisiveness in complex situations. Think of specific instances where you had to make tough decisions and how you approached them, particularly in underwriting contexts.
✨Express Your Willingness to Learn
Highlight your eagerness to learn about underwriting analysis and sector expertise. Discuss any relevant courses or qualifications you are pursuing, such as the ACII qualification, to show your commitment to professional development.