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For Companies At a Glance
- Tasks: Support underwriting teams by analysing workflows and enhancing the underwriting workbench system.
- Company: A prestigious global specialty insurance carrier with a rich history and strong market presence.
- Benefits: Competitive salary, professional development opportunities, and a dynamic work environment.
- Why this job: Be the vital link between business needs and tech solutions in a fast-paced insurance market.
- Qualifications: Experience in the London Insurance Market and strong business analysis skills required.
- Other info: Opportunity to work on innovative projects and grow your career in a supportive team.
The predicted salary is between 36000 - 60000 £ per year.
About the Company
Our client is a long-established global specialty insurance carrier with roots going back over two centuries. They operate across property & casualty, group benefits and specialty lines — combining deep underwriting expertise with a modern, global platform. They are recognised for strong financial stability, breadth of capacity and a commitment to integrity, service excellence and innovation in underwriting. The firm maintains a significant presence in the London Market, operating within the Lloyd’s-specialty space and offering bespoke (re)insurance solutions across a range of lines. Their technical underwriting teams are renowned for designing sophisticated, tailored policies for complex global risks.
The Role
You will join as a Business Analyst focused on supporting the underwriting business — specifically working with their underwriting workbench system. The role is business-facing: you will act as the bridge between underwriting end-users (underwriters, class leaders, risk teams) and the technical/IT delivery teams, helping to translate underwriting requirements into system processes and enhancements.
Key Responsibilities
- Work closely with underwriting teams in the London Market to understand their workflows, pain points, and business requirements, especially around the underwriting workbench.
- Analyse, document and prioritise business requirements for new functionality, enhancements or process improvements related to underwriting, policy binding, risk placement, data flows and reporting within the underwriting workbench.
- Facilitate workshops and stakeholder meetings (underwriters, risk managers, IT, operations) to gather requirements and define solution scope.
- Provide detailed functional specifications, use-cases, process maps, data mapping and user stories / acceptance criteria to support development efforts.
- Support the testing cycle — coordinate user acceptance testing (UAT) with underwriters, validate that delivered functionality meets business needs and document issues/defects.
- Assist with implementation planning, change management and user training / onboarding where required.
- Help ensure the underwriting workbench remains aligned with business practices, regulatory requirements and Lloyd’s-market conventions.
- Act as a subject-matter liaison between business and technical teams to ensure communication clarity and that delivered solutions meet underwriting needs.
Experience & Skills Required
- Strong background working in the London Insurance Market (Lloyd’s / specialty / wholesale).
- Prior experience working directly with insurance underwriters, understanding underwriting workflows, risk placement, treaty / facultative underwriting or policy underwriting lifecycle.
- Direct experience with underwriting workbench systems or similar platforms used to support underwriting, policy binding, or risk placement (e.g. policy administration, underwriting systems).
- Strong business-analysis skills: requirements gathering, process mapping, writing functional specifications, user-stories / acceptance criteria, data mapping.
- Excellent communication skills — able to engage with non-technical stakeholders (underwriters) and technical/IT teams, facilitating workshops and bridging gaps between business and technology.
- Good understanding of Lloyd’s market processes, regulatory / compliance requirements, and unique challenges of placing complex or specialty risks.
Desirable / Preferred
- Prior involvement in system implementation projects (new underwriting systems or significant upgrades) from requirements gathering through to UAT and go-live.
- Familiarity with data migration, data mapping, and integration between underwriting workbench and other administration or policy systems.
- Understanding of reinsurance, treaty/facultative placement, treaty and facultative workflows.
- Previous exposure to both underwriting and operations/administration sides to appreciate full end-to-end lifecycle.
- Familiarity with agile delivery methodologies (or hybrid waterfall/agile), and experience writing user stories, backlog grooming, sprint planning, etc.
Business Analyst in London employer: IPS Group
Contact Detail:
IPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Analyst in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the London Insurance Market and let them know you're on the lookout for a Business Analyst role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Get involved in industry events or webinars. These are great opportunities to meet potential employers and showcase your knowledge about underwriting workflows and the Lloyd’s market. Plus, it’s a chance to learn more about what companies are looking for in candidates.
✨Tip Number 3
Don’t underestimate the power of social media! Use platforms like LinkedIn to connect with hiring managers and recruiters in the insurance sector. Share relevant content and engage with posts to get noticed — it’s all about making those connections!
✨Tip Number 4
When you find a role that excites you, apply through our website! Tailor your application to highlight your experience with underwriting workbench systems and your strong business-analysis skills. Show them you’re the perfect fit for bridging the gap between underwriting and IT teams.
We think you need these skills to ace Business Analyst in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Business Analyst. Highlight your experience in the London Insurance Market and any relevant skills that align with the job description. We want to see how you can bridge the gap between underwriting and IT!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don’t forget to mention your understanding of underwriting workflows and your communication skills.
Showcase Relevant Experience: When detailing your work history, focus on experiences that relate to the key responsibilities listed in the job description. If you've facilitated workshops or worked on system implementations, make sure to highlight those achievements!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at IPS Group
✨Know Your Underwriting Workbench
Make sure you understand the underwriting workbench system inside out. Familiarise yourself with its functionalities and how it supports underwriting processes. This will help you articulate your insights during the interview and demonstrate your readiness to bridge the gap between users and technical teams.
✨Showcase Your Communication Skills
Since the role involves liaising between non-technical stakeholders and IT teams, practice explaining complex concepts in simple terms. Prepare examples of how you've facilitated workshops or gathered requirements in the past, as this will highlight your ability to communicate effectively across different teams.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to solve hypothetical problems related to underwriting workflows or system enhancements. Think through potential scenarios where you might need to gather requirements or address pain points, and be ready to discuss your thought process and solutions.
✨Understand the London Market Landscape
Brush up on your knowledge of the London Insurance Market, especially Lloyd’s processes and regulatory requirements. Being able to discuss current trends or challenges in the market will show your enthusiasm for the role and your commitment to understanding the business environment you'll be working in.
