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For Companies At a Glance
- Tasks: Underwrite commercial insurance products and support the E-trade portfolio.
- Company: Join Hiscox, a leading brand in the insurance market known for innovation.
- Benefits: Flexible working, diverse culture, and opportunities for career growth.
- Why this job: Make an impact in a dynamic team while developing your underwriting skills.
- Qualifications: 2+ years as a commercial lines underwriter; strong communication and analytical skills.
- Other info: Be part of a supportive environment that values diversity and innovation.
The predicted salary is between 36000 - 60000 £ per year.
Build a brilliant future with Hiscox.
About Us
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.
Work with amazing people and be part of a unique culture.
Development Underwriter - Direct Commercial in York employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Development Underwriter - Direct Commercial in York
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Hiscox. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by knowing your stuff! Research Hiscox's values and recent projects. Show us you’re not just another candidate but someone who genuinely wants to be part of our team.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience as a commercial lines underwriter makes you the perfect fit for the role. Confidence is key, so rehearse until it feels natural.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining us at Hiscox.
We think you need these skills to ace Development Underwriter - Direct Commercial in York
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Development Underwriter role. Highlight your commercial lines underwriting experience and any relevant qualifications, like your Diploma CII, to show us you’re the right fit.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you’re passionate about underwriting and how your background aligns with our values at Hiscox. Don’t forget to mention your proactive approach to learning and development!
Showcase Your Communication Skills: As an underwriter, strong communication is key. In your application, demonstrate your ability to articulate your thoughts clearly and build relationships. We want to see how you can effectively negotiate and collaborate with brokers and internal teams.
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of success. It’s the easiest way for us to receive your application and ensures you’re considered for this exciting opportunity with Hiscox!
How to prepare for a job interview at Hiscox
✨Know Your Underwriting Basics
Make sure you brush up on your knowledge of commercial lines underwriting, especially Professional Indemnity and Management Liability. Being able to discuss these topics confidently will show that you're serious about the role and understand the key areas Hiscox focuses on.
✨Showcase Your Analytical Skills
Prepare to demonstrate your logical and analytical thinking during the interview. You might be asked to solve a hypothetical underwriting scenario, so practice articulating your thought process clearly and concisely.
✨Communicate Effectively
Since communication is key in this role, practice how you present your ideas. Use examples from your past experience where you've successfully built relationships with brokers or negotiated effectively. This will highlight your ability to connect with others.
✨Emphasise Your Proactive Approach
Hiscox values ambition and self-motivation, so be ready to share instances where you've taken the initiative to improve processes or drive results. This could be anything from spotting trends in data to suggesting improvements in customer experience.
