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- Tasks: Support the Portfolio Underwriting team with pricing and analysis for FI & D&O classes.
- Company: Ki is a pioneering global algorithmic insurance carrier, revolutionising a 335-year-old market.
- Benefits: Enjoy competitive pay, recognition for hard work, and a diverse, inclusive culture.
- Why this job: Join a fast-growing team that values innovation and challenges the status quo in insurance.
- Qualifications: No specific experience required; understanding of 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
Full details of the job.
Vacancy Name
Employment Type
Employment Type Permanent
Location
Location London
Role Details Who are we?
Please read the information in this job post thoroughly to understand exactly what is expected of potential candidates.
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.
Purpose of the Role
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 FI & D&O 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.
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.
Our culture
Inclusion & Diversity is at the heart of our business at Ki. We recognise that diversity in age, race, gender, ethnicity, sexual orientation, physical ability, thought and social background bring richness to our working environment. No matter who you are, where you’re from, how you think, or who you love, we believe you should be you.
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. xwzovoh
If this sounds like a role and a culture that appeals to you, let us know.
Portfolio Underwriting Assistant - FI & D&O employer: Innovation Group
Contact Detail:
Innovation Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Portfolio Underwriting Assistant - FI & D&O
✨Tip Number 1
Familiarise yourself with the latest trends in the insurance industry, particularly around Financial Institutions (FI) and Directors & Officers (D&O) insurance. Understanding current market dynamics will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the underwriting field, especially those who work with brokers. Attend industry events or webinars to build connections that could provide insights into the role and potentially lead to referrals.
✨Tip Number 3
Brush up on your analytical skills, particularly in relation to pricing and risk assessment. Being able to demonstrate your proficiency in using data to support underwriting decisions will set you apart from other candidates.
✨Tip Number 4
Showcase your adaptability and willingness to learn about machine learning applications in underwriting. Ki values innovation, so expressing your enthusiasm for technology in the insurance sector can make a positive impression.
We think you need these skills to ace Portfolio Underwriting Assistant - FI & D&O
Some tips for your application 🫡
Understand the Role: Read through the job description carefully to understand the responsibilities and requirements of the Portfolio Underwriting Assistant position. Tailor your application to highlight relevant skills and experiences that align with the role.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience in underwriting or analytical roles. Mention specific projects or tasks where you supported underwriting teams or worked with pricing data, as this will demonstrate your suitability for the position.
Showcase Technical Skills: If you have experience with machine learning or actuarial concepts, make sure to include this in your application. Provide examples of how you've used these skills in past roles, as they are particularly relevant to the position at Ki.
Craft a Compelling Cover Letter: Write a personalised cover letter that reflects your enthusiasm for the role and the company. Discuss why you want to work at Ki and how your values align with their culture of inclusion and diversity. Make it clear why you would be a great fit for their team.
How to prepare for a job interview at Innovation Group
✨Understand the Role
Make sure you have a solid grasp of what a Portfolio Underwriting Assistant does, especially in relation to Financial Institutions (FI) and Directors & Officers (D&O) insurance. Familiarise yourself with the key responsibilities mentioned in the job description, such as pricing, class level analysis, and liaising 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, particularly in underwriting or actuarial contexts.
✨Familiarise with Machine Learning
Ki is leveraging machine learning in their processes, so it would be beneficial to understand basic concepts of machine learning and how they apply to risk assessment and pricing. You don’t need to be an expert, but showing interest and some knowledge can set you apart.
✨Emphasise Teamwork and Communication
The role requires working cross-functionally with various teams. Be ready to discuss your experience in collaborative environments and how you maintain relationships with stakeholders, especially brokers. Highlight any specific instances where your communication skills made a difference.