At a Glance
- Tasks: Join us as an Insurance Underwriter, driving business forward and managing commercial risks.
- Company: Work for a global insurance company with a strong reputation in the industry.
- Benefits: Enjoy a negotiable salary, 23 days holiday, hybrid working, and additional perks.
- Why this job: Gain valuable experience, build relationships, and contribute to exciting projects in a dynamic environment.
- Qualifications: Ideal candidates have knowledge of legal indemnities from roles like legal executive or insurance underwriter.
- Other info: Full product training provided; perfect for those looking to grow their career in insurance.
The predicted salary is between 36000 - 60000 £ per year.
We have a fantastic job opportunity working for a global insurance company as an Insurance Underwriter. As full product training is provided we will consider candidates who have an in-depth knowledge of legal indemnities, which you may have gained working as a legal executive, conveyancer, fee earner, or insurance underwriter. You will play a key role as an underwriter driving their business forward in the UK, The role will involve underwriting commercial risks within agreed authority levels, negotiating and maximising business profitability by means of effective underwriting decisions and techniques. You will review products offered both on and offline (including panels and schemes), to ensure that all aspects continue to meet the high standards required by their customers and comply with regulatory requirements. You will build strong relationships with clients, solicitors, brokers, and business units plus assist in the development of these relationships through presentations, meetings, and corporate events In addition, you will provide support and training to junior team members to develop their technical/commercial proficiency and contribute to ongoing initiatives and projects. Salary is negotiable depending on experience, circa £50k, excellent benefits including 23 days holiday + bank holidays rising with years of service, and the option to buy/sell an additional 3 days per year. They offer hybrid working flexibility o…
Insurance Underwriter employer: Insure Recruitment
Contact Detail:
Insure Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Underwriter
✨Tip Number 1
Familiarize yourself with the latest trends and regulations in the insurance industry. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 2
Network with professionals in the insurance sector, especially those who work as underwriters or in related roles. Attend industry events or join online forums to build connections that could lead to job opportunities.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully assessed risks and made underwriting decisions in your previous roles. Highlighting your practical experience will set you apart from other candidates.
✨Tip Number 4
Showcase your ability to build relationships by preparing anecdotes about successful collaborations with clients, brokers, or colleagues. Strong interpersonal skills are crucial for this role, so be ready to illustrate your experience.
We think you need these skills to ace Insurance Underwriter
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Insurance Underwriter position. Highlight key responsibilities and required skills, such as knowledge of legal indemnities and underwriting commercial risks.
Tailor Your CV: Customize your CV to reflect your relevant experience in legal roles or insurance underwriting. Emphasize any specific achievements or projects that demonstrate your ability to negotiate and make effective underwriting decisions.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance industry and your understanding of the role. Mention how your background aligns with the company's needs and your eagerness to contribute to their success.
Highlight Relationship-Building Skills: In your application, emphasize your ability to build strong relationships with clients, solicitors, and brokers. Provide examples of how you've successfully developed these relationships in previous roles.
How to prepare for a job interview at Insure Recruitment
✨Show Your Knowledge of Legal Indemnities
Make sure to highlight your in-depth knowledge of legal indemnities during the interview. Discuss any relevant experience you have as a legal executive, conveyancer, or insurance underwriter, and how it has prepared you for this role.
✨Demonstrate Underwriting Skills
Be prepared to discuss your underwriting techniques and decision-making processes. Provide examples of how you've successfully negotiated commercial risks in the past and maximized profitability through effective underwriting.
✨Build Rapport with Interviewers
Since building strong relationships is key in this role, practice establishing rapport with your interviewers. Use active listening skills and engage them in conversation about their experiences and expectations for the position.
✨Prepare for Questions on Training and Support
Expect questions about how you would support and train junior team members. Think of specific examples where you've contributed to the development of others and be ready to share your approach to mentoring and training.