At a Glance
- Tasks: Develop and underwrite high hazard commercial risks while building broker relationships.
- Company: Join an entrepreneurial MGU launching a new High Hazard proposition.
- Benefits: Flexible location, significant underwriting authority, and a chance to build your own portfolio.
- Other info: Opportunity for ambitious individuals to make a real impact from day one.
- Why this job: Be a key player in a new venture with strong backing and growth potential.
- Qualifications: Experience in development underwriting and existing broker relationships in the UK market.
The predicted salary is between 60000 - 75000 £ per year.
UK (Location Flexible) | Home-Based with Regional Broker Travel
Do you know the high hazard market well enough that brokers call you before they call anyone else? We are exclusively partnering with a well-regarded, entrepreneurial MGU that is launching a High Hazard proposition and is looking for a Development Underwriter to play a key role in its success from day one. This isn't a maintenance underwriting role. It's an opportunity to build a portfolio, develop broker partnerships and become one of the recognised faces in the market behind a new proposition backed by significant underwriting expertise, strong insurer capacity and long-term investment.
The business operates at a high level, combining the agility of an MGA with the infrastructure, underwriting capability and financial strength of a much larger organisation.
- Be part of a brand-new High Hazard proposition from day one
- Significant underwriting authority with the autonomy to trade commercially
- Build your own portfolio rather than simply maintaining an existing account
- Work within an entrepreneurial MGU that values underwriting expertise over process
- Well-funded platform with established infrastructure and long-term backing
- Flexible location with a genuine UK-wide broker trading remit
The Role
- Develop profitable new business across high hazard commercial risks
- Build and strengthen relationships with UK retail insurance brokers
- Underwrite and negotiate complex Property & Casualty risks across the key higher hazard trades
- Become a recognised market presence for the business within your region
- Play a key role in the successful launch and growth of the new underwriting proposition
What We're Looking For
- Development Underwriting experience within the UK commercial insurance market
- Strong experience underwriting higher hazard Property & Casualty risks
- Existing broker relationships that can generate new business quickly
- Commercially-minded trader who enjoys winning business rather than simply servicing it
- Able to demonstrate a track record of profitable portfolio growth
- Ambitious individual who wants to help build something rather than inherit it
If you currently operate as a specialist within the High Hazard space, but feel that your potential is limited by the constraints of your current platform, I welcome a confidential chat to discuss this opportunity further.
Development Underwriter - High Hazard employer: IDEX Consulting Ltd
IDEX Consulting Ltd is an excellent employer that values innovation and integrity, offering a dynamic work culture where compliance and operational excellence are at the forefront of business growth. With flexible working arrangements and a commitment to employee development, team members are empowered to shape processes and drive meaningful change within the insurance sector. Join us in a role that not only challenges you but also rewards your contributions in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Development Underwriter - High Hazard
✨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 IDEX Consulting Ltd). 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 IDEX Consulting Ltd. 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 - High Hazard
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 IDEX Consulting Ltd.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at IDEX Consulting Ltd. 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 IDEX Consulting Ltd
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at IDEX Consulting Ltd 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 IDEX Consulting Ltd, 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 IDEX Consulting Ltd'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.
