Ever thought you could build a better insurance product if you were given the backing and autonomy to do it?
Join an ambitious, growing MGA that is developing its proposition across Property & Casualty and Motor and is now looking for an experienced underwriter to identify and build its next complementary area of growth.
This is an opportunity to use your technical underwriting expertise to develop and launch a new product from the ground up, with genuine autonomy to shape the proposition and the backing to bring it successfully to market.
There is particular interest in expertise across Management Liability, Standalone Liability and Recycling & Waste, although ultimately the strength of the opportunity and business case will be key.
You'll be the technical expert behind the product – identifying the opportunity and shaping everything from appetite, pricing and underwriting guidelines through to launch and ongoing portfolio development.
The Opportunity
We're looking for someone who really understands their chosen market, both technically and commercially, and can identify an opportunity to create a proposition that could perform better.
You may know where there is an underserved part of your market, where existing products could be improved or where brokers are struggling to find the right solution.
Rather than joining to manage an established book, you'll have the opportunity to turn that knowledge into a commercially viable insurance proposition.
What You'll Be Doing
Taking technical ownership from concept through to launch, you could be responsible for:
- Identifying the market opportunity and developing the business case
- Defining target markets and underwriting appetite
- Developing underwriting strategy and risk selection criteria
- Creating underwriting guides, authorities and referral rules
- Developing pricing, rating structures and policy wordings
- Translating the proposition into effective e-trade and software house rules
- Working collaboratively to secure appropriate capacity
- Working with technology and operational teams to get the product ready to trade
- Supporting launch through an established broker distribution network
- Monitoring GWP, profitability, conversion and portfolio performance
- Using MI and market feedback to continually develop the proposition
What You'll Have Behind You
You won't be expected to build the infrastructure yourself.
You'll have the backing of an established MGA platform, including capacity support, technology and e-trade capability, an established distribution network and wider operational and commercial support.
This allows you to concentrate on developing a technically strong and commercially successful product.
Who We're Looking For
Your current job title is less important than the depth of your experience. You could currently be a:
Senior Underwriter | Development Underwriter | Product Underwriter | Trading Underwriter | Underwriting Manager | Product Lead
We're particularly interested in expertise within:
- Management Liability
- Standalone Liability
- Recycling & Waste risks
You don't need experience across all three. We're looking for depth of expertise in your chosen market and the ability to identify where a commercially attractive opportunity exists.
Experience in product development, delegated authority, binders, pricing and rating, policy wordings, e-trade, portfolio management, capacity relationships and using MI to drive underwriting decisions would all be valuable.
You don't necessarily need to have launched an entire product single-handedly before. What matters is having the technical underwriting capability to own and develop the proposition.
Where Could It Lead?
Success could mean growing the portfolio, developing complementary propositions and ultimately building an underwriting team around your product.
Rewards & Benefits
Salary from circa £90,000 basic, with flexibility for particularly relevant expertise and a compelling proposition.
Benefits are expected to include pension, private medical insurance, death in service, business expenses/company credit card and hybrid/remote working flexibility.
If you can see an opportunity to build a stronger or more commercially attractive proposition within your market, we'd like to hear from you.
You'll need a clear view of where the opportunity lies and the scope to develop your thinking into a credible business case.
Apply to the role or contact Francesca or Amy at Insure Recruitment for a confidential discussion about the business, its plans and the opportunity in more detail.
Product Development Underwriter in London employer: Insure Recruitment Careers
Joining this leading commercial insurance underwriting business as a Commercial Lines Product Manager offers you the chance to thrive in a dynamic and supportive work environment. With a strong focus on employee development, you will benefit from continuous learning opportunities and a culture that encourages innovation and collaboration. Located in a vibrant area, the company also provides competitive benefits and a commitment to work-life balance, making it an excellent employer for those seeking meaningful and rewarding careers.
Contact Details:
Insure Recruitment Careers Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Product Development Underwriter in London
✨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 Insure Recruitment Careers). 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 Insure Recruitment Careers. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
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 Insure Recruitment Careers.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Insure Recruitment Careers. 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 Insure Recruitment Careers
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Insure Recruitment Careers 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 Insure Recruitment Careers, 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 Insure Recruitment Careers'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.
