At a Glance
- Tasks: Support underwriting strategy and build strong relationships with broker partners.
- Company: Join the UK's largest specialist motor insurer with a global presence.
- Benefits: Competitive salary, training opportunities, and a diverse work environment.
- Other info: Inclusive workplace focused on growing talent and career development.
- Why this job: Make an impact in the insurance industry while developing your skills.
- Qualifications: Knowledge of motor insurance and strong interpersonal skills required.
The predicted salary is between 40000 - 50000 € per year.
ERS Syndicate 218 at Lloyds is managed by Starr. We are the UK’s largest specialist motor insurer with an A+ rating and have been making motoring passions and livelihoods possible since 1946. We work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs. Starr is a global (re)insurance and investment organisation providing property and casualty insurance solutions to business and industry.
ERS is a leading underwriter of a wide range of specialist motor insurance products. Within ERS’s strategy of being the UK’s leading specialist motor insurer, our focus is on delivering sustainable, high margin growth through the provision of quality propositions to a wide range of broker partners. The Underwriter’s primary responsibility is to support the Senior Underwriter in executing our underwriting strategy and supporting the development of our underwriting appetite, working closely with the Pricing and Product Technology teams.
You may also act as a referral point for team members with a lower level of authority helping to develop their technical knowledge and understanding. The role is market visible, which will see you working closely with our broker-partners and forming solid trading relationships, to help ERS achieve their short to medium‑term financial plans by seeking to broaden our market penetration. Success in the role requires technical knowledge in our product(s) and frequent collaboration with other business functions to ensure that we leverage capabilities from across the business in delivering first class propositions to our chosen market.
The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Qualifications, skills and experience
- This role carries financial responsibility, as well as being recognised as, or aiming to become, a subject matter expert in your product(s).
- Knowledge of classic, modified, imported and motorhome insurance market experience is desirable.
- An ability to understand underwriting strategy and risk appetites and ability to operate within these.
- Developing strong technical knowledge of the product(s), including the features of the product, factors that drive product performance, market dynamics which influence how the product is delivered and the requirements of customers using the product(s).
- Underwriting, risk selection and pricing skills which will ensure that we optimise the financial performance of a range of product propositions in a complex and competitive market.
- Good commercial awareness that allows you to identify and take advantage of market opportunities.
- Possess an ability to understand pricing practices and methodologies, with the ability to help us constantly enhance our pricing capability, providing insight and feedback on our pricing models.
- Interpersonal skills which will allow you to build and maintain relationships.
- Knowledge of the legal, regulatory and compliance provisions that apply to the UK motor insurance market.
Core behavioural competencies
- Analysis and decision making
- Strategic perspective
- Commerciality
- Relationships
- Communication and influence
- Development of self and others
Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Underwriter - Bespoke employer: IQUW Group
At ERS Syndicate 218, managed by Starr, we pride ourselves on being the UK’s largest specialist motor insurer, offering a dynamic work environment that fosters professional growth and collaboration. Our commitment to employee development is reflected in our first-class training opportunities and inclusive culture, where every team member is valued and encouraged to excel. Join us in London, where you will not only contribute to innovative insurance solutions but also build lasting relationships with broker partners in a supportive and engaging atmosphere.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Bespoke
✨Tip Number 1
Network like a pro! Get out there and connect with people in the insurance industry, especially those who work with motor insurance. Attend events, join online forums, and don’t be shy to reach out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your knowledge! When you get the chance to chat with potential employers or brokers, make sure to highlight your understanding of underwriting strategies and market dynamics. This will show them you’re not just another candidate, but someone who truly gets the industry.
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills align with the role of an Underwriter at ERS. Focus on your technical knowledge and how you can contribute to building strong relationships with broker partners. A confident pitch can set you apart from the crowd.
✨Tip Number 4
Apply through our website! We love seeing applications come directly from candidates who are genuinely interested in joining our team. It shows initiative and enthusiasm, so don’t hesitate to hit that apply button and let us know why you’d be a great fit for ERS!
We think you need these skills to ace Underwriter - Bespoke
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight any relevant underwriting experience or knowledge of the motor insurance market to catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our mission at ERS. Be genuine and let your personality come through.
Showcase Your Technical Knowledge:Since this role requires a solid understanding of underwriting strategy and risk appetites, make sure to include examples that demonstrate your technical capabilities. We love seeing candidates who can think critically about these aspects!
Apply Through Our Website:We encourage you to apply directly 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!
How to prepare for a job interview at IQUW Group
✨Know Your Products Inside Out
Make sure you have a solid understanding of the specialist motor insurance products you'll be dealing with. Brush up on the features, market dynamics, and what drives product performance. This knowledge will help you articulate your insights during the interview.
✨Showcase Your Commercial Awareness
Demonstrate your ability to identify market opportunities and how you can leverage them for the company’s benefit. Be prepared to discuss recent trends in the motor insurance market and how they might impact underwriting strategies.
✨Build Rapport with Interviewers
Since the role involves forming relationships with broker partners, practice your interpersonal skills. Engage with your interviewers, ask questions, and show that you can handle challenging conversations while maintaining professionalism.
✨Prepare for Technical Questions
Expect questions that test your underwriting knowledge and risk assessment skills. Think about scenarios where you've had to make tough decisions or how you would approach certain underwriting challenges. Being able to demonstrate your thought process will set you apart.
