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For Companies At a Glance
- Tasks: Underwrite and negotiate risks while building strong relationships with brokers and clients.
- Company: Join Hiscox, a dynamic insurer known for its innovative approach.
- Benefits: Enjoy flexible working, competitive salary, and opportunities for professional growth.
- Why this job: Make an impact in the exciting world of property insurance with a supportive team.
- Qualifications: Experience in underwriting and strong analytical skills are essential.
- Other info: Be part of a diverse culture that values creativity and challenges the norm.
The predicted salary is between 36000 - 60000 £ per year.
Hiscox London Market has an exciting future. In the Property Division, our team of underwriters and analysts focus on Property & Alternative Risk lines written within London Market. Methods of placement range from direct and facultative, shared and layered open market placements, to binders and line slips, both digital and traditional.
Job Type: Permanent
The Role
What You’ll Be Doing In The Role:
- Underwrite, price and negotiate risks submitted via the box or e-trading systems
- Lead, develop and maintain relations with brokers, producers and clients
- Lead underwriting and sales initiatives to grow the portfolio profitably
- Position yourself and Hiscox as the go-to market for Major Property in Lloyd’s
- Marketing and sales of the Hiscox brand and product offerings, pitching our risk appetite and value proposition
- Contribute to the development of our underwriting appetite and help refine the portfolio strategy
- Wordings and contract review
- Input into account management, portfolio development and business planning process
- Market / Industry research
- US & International travel to meet clients and brokers
- Coaching and training of more junior colleagues
The Candidate
We are looking for an individual who is highly analytical, driven and detail orientated with a passion for execution. You will need to be articulate and exhibit a track record of good decision making skills, working under pressure and to tight deadlines, with an ability to quickly understand problems and create and implement solutions. Underwriting experience is essential alongside strong broker and client relationships.
Our must haves:
- A proven track record and strong reputation of underwriting in the Lloyd’s market
- Good mathematical and analytical skills; the team is heavily involved in catastrophe modelling and actuarial analysis and the individual must be willing to embrace and develop this aspect of underwriting
- Excellent sales skills and an insatiable appetite to grow the portfolio profitably
- Decisive in nature, displaying good judgement in decisions and taking accountability
- A great communicator who can work with people at all levels, and are just as comfortable with clients and leaders in the industry as they are with their own team
- Existing Broker and client relationships
- Degree educated or equivalent
- Progress in ACII examinations or a commitment to complete them
About Hiscox
As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.
We insure the unique and the interesting. And we search for the same when it comes to 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.
Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.
Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.
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.
Underwriter employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. Building relationships with brokers and clients can give you the inside scoop on job openings and help you stand out.
✨Tip Number 2
Show off your skills! Prepare a portfolio that highlights your underwriting experience and analytical prowess. When you get the chance to chat with potential employers, use this to demonstrate how you can add value to their team.
✨Tip Number 3
Be proactive! Don’t just wait for job postings to appear. Reach out directly to companies you admire, like Hiscox, and express your interest in working with them. A little initiative can go a long way!
✨Tip Number 4
Stay updated on market trends! Keep an eye on the latest news in the insurance industry, especially around property and alternative risk lines. This knowledge will not only impress interviewers but also help you in discussions with brokers and clients.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Show Your Analytical Skills: Make sure to highlight your analytical abilities in your application. We want to see how you approach problems and come up with solutions, especially in underwriting scenarios.
Tailor Your Application: Don’t just send a generic CV and cover letter. Tailor your application to reflect the specific skills and experiences that align with the Underwriter role at Hiscox. We love seeing candidates who take the time to connect their background to our needs.
Highlight Your Relationships: Since building relationships is key in this role, be sure to mention any existing broker and client relationships you have. We value strong connections in the industry, so let us know how you’ve nurtured these in your career.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining the Hiscox team!
How to prepare for a job interview at Hiscox
✨Know Your Numbers
As an underwriter, you'll need to demonstrate strong mathematical and analytical skills. Brush up on your catastrophe modelling and actuarial analysis knowledge before the interview. Be ready to discuss how you've used these skills in past roles to make informed decisions.
✨Build Rapport with Brokers
Since building relationships with brokers and clients is key, think of examples where you've successfully developed these connections. Prepare to share how you approach negotiations and maintain those relationships, as this will show your understanding of the role's requirements.
✨Showcase Your Decision-Making Skills
The ability to make quick, sound decisions is crucial in underwriting. Prepare to discuss specific instances where you've had to make tough calls under pressure. Highlight your thought process and the outcomes of those decisions to illustrate your capability.
✨Embrace the Hiscox Culture
Familiarise yourself with Hiscox's unique culture and values. Be ready to discuss how you can contribute to their innovative approach and commitment to doing things differently. Showing that you align with their ethos will set you apart from other candidates.
