At a Glance
- Tasks: Oversee underwriting for terrorism across various facilities in the UK.
- Company: Join a leading Lloyd's syndicate with a strong 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 in the UK.
- Qualifications: Experience in underwriting or broking with knowledge of delegated facilities is essential.
- Other info: Opportunity to develop new business and manage a diverse portfolio.
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 webinars to connect with potential colleagues and learn more about the latest trends in this niche market.
✨Tip Number 2
Familiarise yourself with the specific requirements and regulations surrounding terrorism underwriting in the UK. This knowledge will not only boost your confidence but also demonstrate your commitment and expertise during interviews.
✨Tip Number 3
Consider reaching out to current employees at StudySmarter or within the Lloyd's syndicate to gain insights into the company culture and expectations for the role. This can help you tailor your approach and show genuine interest in the position.
✨Tip Number 4
Stay updated on current events and developments in the terrorism landscape, as well as changes in underwriting practices. Being knowledgeable about recent incidents or regulatory changes can set you apart as a candidate who is proactive and informed.
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. Mention specific experiences that demonstrate your understanding of delegated underwriting and your ability to handle a volumatic portfolio.
Showcase Your Knowledge: During the application process, be prepared to discuss your understanding of wordings and coverages related to terrorism insurance. This will show your expertise and readiness for the role.
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 underwriting roles.
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.
✨Familiarise Yourself with the Lloyd's Platform
Research the Lloyd's syndicate and its operations, particularly in the terrorism division. Understanding their processes and how they differ from other platforms will give you an edge during the interview and show your genuine interest in the role.
✨Prepare for Technical Questions
Expect technical questions related to underwriting practices, especially those specific to terrorism insurance. Brush up on your knowledge of market trends and regulatory changes that could impact the UK terrorism portfolio, as this will demonstrate your readiness for the role.