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- Tasks: Oversee underwriting for terrorism across various facilities in the UK.
- Company: Join a leading Lloyd's syndicate with a focus on terrorism insurance.
- Benefits: Enjoy competitive pay, professional development, and a dynamic work environment.
- Why this job: Be part of a unique team shaping the future of terrorism underwriting.
- Qualifications: Experience in underwriting or broking with knowledge of delegated facilities required.
- Other info: Opportunity to develop new business across London and regional markets.
The predicted salary is between 36000 - 60000 £ per year.
Are you currently working at an insurer / MGA / broking house with in-house underwriting facility for Terrorism? This is an unusual opportunity to join this Lloyd's syndicate in the terrorism division, overseeing all of the underwriting which is carried out via various facilities across MGA's and broking houses throughout the UK. This role offers both the opportunity to underwrite and manage the delegated facilities as well as developing new business opportunities across the London and regional market.
A good understanding of delegated underwriting is required - you could be at an Assistant Underwriter but with underwriting authority, or an Account Handler / Executive at a brokers with a pen authority. Sound understanding of wordings and coverages and ability to handle a volumatic/transactional portfolio.
This role is part of a wider global terrorism portfolio and whilst there will be exposure to this Lloyd's platform, the majority of responsibility is across the UK book.
UK Terrorism Underwriter - Facilities - MGA / Broker ? employer: IPS Group
Contact Detail:
IPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land UK Terrorism Underwriter - Facilities - MGA / Broker ?
✨Tip Number 1
Network with professionals in the insurance and underwriting sectors, especially those who specialise in terrorism coverage. Attend industry events or join relevant online forums to connect with potential colleagues and learn about the latest trends in the market.
✨Tip Number 2
Familiarise yourself with the specific underwriting guidelines and practices of Lloyd's syndicates. Understanding their unique approach will give you an edge when discussing your experience and how it aligns with their operations during interviews.
✨Tip Number 3
Stay updated on current events and developments related to terrorism and risk management. Being knowledgeable about recent incidents and regulatory changes can help you demonstrate your expertise and commitment to the field during conversations with hiring managers.
✨Tip Number 4
Prepare to discuss your experience with delegated underwriting and how you've successfully managed portfolios in the past. Be ready to provide examples of how you've developed new business opportunities, as this will be crucial for the role.
We think you need these skills to ace UK Terrorism Underwriter - Facilities - MGA / Broker ?
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly in terrorism or similar fields. Emphasise any roles where you've managed delegated facilities or developed new business opportunities.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss your understanding of delegated underwriting and how your background aligns with the requirements outlined in the job description.
Showcase Your Knowledge: Demonstrate your understanding of wordings and coverages related to terrorism insurance. You might want to include specific examples from your past experiences that showcase your expertise in handling volumatic or transactional portfolios.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no typos or grammatical errors, as attention to detail is crucial in the underwriting field.
How to prepare for a job interview at IPS Group
✨Showcase Your Underwriting Knowledge
Make sure to highlight your understanding of delegated underwriting and the specific requirements for terrorism coverage. Be prepared to discuss your experience with wordings and coverages, as this will demonstrate your expertise in the field.
✨Demonstrate Business Development Skills
Since the role involves developing new business opportunities, be ready to share examples of how you've successfully identified and pursued new clients or markets in your previous roles. This will show your proactive approach and ability to contribute to the company's growth.
✨Understand the UK Market
Familiarise yourself with the current trends and challenges in the UK terrorism insurance market. Being able to discuss these insights during the interview will reflect your commitment and knowledge about the industry.
✨Prepare Questions for the Interviewers
Think of insightful questions to ask about the company's approach to underwriting and their strategies for managing delegated facilities. This not only shows your interest in the role but also helps you assess if the company aligns with your career goals.
