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- Tasks: Support the Portfolio Underwriting team with pricing and analysis for property insurance.
- Company: Ki is revolutionising insurance with cutting-edge technology and a diverse, agile team.
- Benefits: Enjoy competitive pay, recognition for hard work, and a culture of inclusion.
- Why this job: Join a fast-growing company that values innovation and challenges the status quo.
- Qualifications: Experience in underwriting support is preferred; understanding actuarial concepts is a plus.
- Other info: Work in a dynamic environment with opportunities to collaborate across teams.
The predicted salary is between 36000 - 60000 £ per year.
Please visit our careers site to find out more about working at Ki
Job Details: Assistant Underwriter – PropertyFull details of the job.
Vacancy Name
Vacancy Name Assistant Underwriter – Property
Employment Type
Employment Type Permanent
Location
Location London
Who are we?
Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers\’ legs.
Ki\’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.
Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd\’s of London market, and the first ever to make $100m in profit in 3 years.
Ki\’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.
Where you come in?
You will play an integral part in our Portfolio Underwriting team, to support with pricing and class level analysis providing an analytical review of the classes with a focus on the Property class, You will work to produce statistics, reports and MI working directly with brokers on new and renewal business and assisting Underwriters in the evaluation of risk in accordance with Ki\’s Business Plan.
What you will be doing: ️
On a daily basis, you\’ll work to review renewal submission in line with the portfolio\’s underwriting strategy and prepare necessary information for the underwriter. You will deliver technical pricing for insurance policies and reinsurance treaties, referring to underwriting and actuarial colleagues as required. You\’ll leverage traditional actuarial as well as machine learning approaches to support Ki\’s model, including carrying out risk level pricing involving data input into models and ownership of model output for your class. You\’ll be expected to liaise with and maintain relationships with key brokers as well as working cross functionally with underwriting and actuarial team members.
If you have a track record of success in supporting underwriting teams in providing technical pricing data, we\’d love to hear from you. Both an understanding of actuarial concepts and class knowledge of specialty are desirable, but not essential.
What to expect during the recruitment process:
Initial recruiter screening call
Interview with hiring manager
Technical Interview (this may vary depending on the role)
Values Interview
Ki Values:
Know Your Customer: Put yourself in their shoes. Understand and balance the different needs of our customers, acting with integrity and empathy to create something excellent
Grow Together: Empower each other to succeed. Recognise the work of our teams, while celebrating individual success. Embrace diverse perspectives so we can develop and grow together.
Be Courageous: Think big, push boundaries. Don\’t be afraid to fail because that\’s how we learn. Test, adapt, improve – always strive to be better.
Our culture:
At Ki, we are committed to creating an inclusive environment where every colleague is valued and respected for who they are and can do the best work of their careers.
Inclusion is a critical foundation of our business and people strategies and supports our vision of becoming a market-leading, digital and data-led specialty insurance business. An inclusive workplace fuels innovation because creativity thrives when everyone feels valued, respected, and supported to drive it. So, no matter who you are, where you\’re from, how you think, or who you love, we believe you should be you.
What we offer
You\’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.
If this sounds like a role and a culture that appeals to you, apply now!
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Assistant Underwriter - Property employer: Innovation Group
Contact Detail:
Innovation Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Underwriter - Property
✨Tip Number 1
Familiarise yourself with the latest trends in property insurance and underwriting. Understanding the current market dynamics will not only help you in interviews but also show your genuine interest in the role.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work in underwriting or actuarial roles. Engaging with them on platforms like LinkedIn can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your analytical skills, particularly in relation to data interpretation and statistical analysis. Being able to demonstrate your proficiency in these areas during discussions will set you apart from other candidates.
✨Tip Number 4
Research Ki’s unique approach to algorithmic insurance and be prepared to discuss how you can contribute to their mission. Showing that you understand their innovative model will highlight your enthusiasm for the role.
We think you need these skills to ace Assistant Underwriter - Property
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Assistant Underwriter - Property. Familiarise yourself with the key tasks such as pricing, class level analysis, and working with brokers.
Tailor Your CV: Customise your CV to highlight relevant experience in underwriting or analytical roles. Emphasise any skills related to data analysis, risk evaluation, and your understanding of actuarial concepts, even if they are not essential.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance industry and your desire to contribute to Ki's mission. Mention specific examples of how your background aligns with the role and the company's innovative approach.
Highlight Your Soft Skills: In addition to technical skills, emphasise your ability to work cross-functionally and maintain relationships with brokers. Showcase your communication skills and adaptability, which are crucial in a dynamic environment like Ki.
How to prepare for a job interview at Innovation Group
✨Understand the Role
Make sure you have a solid grasp of what an Assistant Underwriter does, especially in the Property class. Familiarise yourself with the key responsibilities mentioned in the job description, such as pricing, risk evaluation, and working with brokers.
✨Showcase Analytical Skills
Since the role involves producing statistics and reports, be prepared to discuss your analytical skills. Bring examples of how you've used data to support decision-making in previous roles, and be ready to explain any relevant tools or methodologies you’ve employed.
✨Familiarise with Machine Learning
Ki is leveraging machine learning in their underwriting process. Brush up on basic concepts of machine learning and be ready to discuss how it can be applied in insurance. This shows your interest in innovation and aligns with Ki's mission to disrupt the market.
✨Emphasise Relationship Building
The role requires liaising with brokers and cross-functional teams. Prepare to talk about your experience in building and maintaining professional relationships. Highlight any specific instances where your communication skills made a positive impact.
