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- Tasks: Support pricing and analysis for property insurance, working with brokers and underwriters.
- Company: Join Ki, a pioneering digital insurance company transforming a 335-year-old industry.
- Benefits: Competitive salary, recognition for hard work, and a supportive team environment.
- Why this job: Be part of a fast-growing team that’s revolutionising the insurance market with innovative technology.
- Qualifications: Experience in underwriting support and a passion for data-driven decision making.
- Other info: Inclusive culture that values diverse perspectives and fosters career growth.
The predicted salary is between 28800 - 48000 £ per year.
Please visit our careers site to find out more about working at Ki
Job Details: Assistant Underwriter – Property
Full 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
Get to know the company inside out! Before your interview, dive into Ki's mission and values. Understanding their approach to digital disruption in insurance will help you connect your skills to what they’re looking for.
✨Tip Number 2
Practice makes perfect! Prepare for the technical interview by brushing up on your actuarial concepts and pricing strategies. Use real-world examples from your experience to showcase how you can add value to the Portfolio Underwriting team.
✨Tip Number 3
Network like a pro! Reach out to current or former employees on LinkedIn to get insights about the company culture and the role. This can give you an edge during interviews and show your genuine interest in being part of the team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining Ki and ready to embrace our innovative spirit.
We think you need these skills to ace Assistant Underwriter - Property
Some tips for your application 🫡
Show Your Passion for Insurance: When you're writing your application, let us see your enthusiasm for the insurance industry. Share any relevant experiences or projects that highlight your interest in underwriting and how you can contribute to our mission at Ki.
Tailor Your CV and Cover Letter: Make sure to customise your CV and cover letter for the Assistant Underwriter role. Highlight your analytical skills and any experience with pricing or working with brokers, as these are key aspects of the job. We want to see how you fit into our team!
Be Clear and Concise: Keep your application straightforward and to the point. Use clear language and avoid jargon unless it's relevant. We appreciate a well-structured application that makes it easy for us to see your qualifications and potential.
Apply Through Our Website: Don’t forget to submit your application through our careers site! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team at Ki.
How to prepare for a job interview at Innovation Group
✨Know Your Stuff
Before the interview, make sure you brush up on your knowledge of property insurance and underwriting principles. Familiarise yourself with Ki's innovative approach to using algorithms and machine learning in the insurance sector. This will not only show your enthusiasm for the role but also help you engage in meaningful discussions during the interview.
✨Showcase Your Analytical Skills
As an Assistant Underwriter, you'll be dealing with data and statistics regularly. Prepare to discuss any relevant experience you have with data analysis or technical pricing. Bring examples of how you've used analytical skills in past roles to support decision-making, as this will demonstrate your capability to contribute effectively to the Portfolio Underwriting team.
✨Build Rapport with Brokers
Since maintaining relationships with brokers is key in this role, think about how you can convey your interpersonal skills during the interview. Share experiences where you've successfully collaborated with others or built strong professional relationships. This will highlight your ability to work cross-functionally, which is essential at Ki.
✨Embrace Ki's Values
Familiarise yourself with Ki's core values: Know Your Customer, Grow Together, and Be Courageous. Be prepared to discuss how these values resonate with you and how you've embodied them in your previous roles. This will show that you're not just a fit for the job, but also for the company culture.
