At a Glance
- Tasks: Underwrite product recall solutions and manage relationships with brokers and clients.
- Company: Join Starr, a fast-growing global insurance organisation.
- Benefits: Inclusive culture, first-class training, and career development opportunities.
- Other info: Dynamic environment with opportunities for growth and innovation.
- Why this job: Make a real impact in crisis management while developing your skills.
- Qualifications: Experience in underwriting or broking with strong communication skills.
The predicted salary is between 60000 - 80000 £ per year.
Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace.
Our Crisis Management team offer product recall solutions for a broad spectrum of product manufacturers including product contamination, auto and component recall liability, consumer goods recall, and others. Business is written on a global basis with primary focus on the USA.
The key to success within this role will be a highly detailed and analytical underwriting approach, impactful relationship management and unparalleled sales skills. This is in addition to excellent organisational skills and the ability to think ahead and use initiative. You will need to thrive in a business development role and be able to demonstrate a skill for working with senior brokers/clients. You will need to take ownership of relationships and be confident these lead to profitable business.
Key Responsibilities- Primarily underwrite the Product Recall section of the Crisis Management portfolio.
- Work closely with the Lead Underwriter to deliver the underwriting strategy for your class of business.
- Drive underwriting excellence across the Crisis Management book by ensuring adherence to risk appetite, lines setting, standards and guidelines, rating, and pricing adequacy.
- Ensure high quality underwriting, appropriate exposure assessment, contractual terms and adherence to respective rules and guidelines.
- Provide a compelling and knowledgeable service offering to brokers and clients, making Starr a go‑to Market for Crisis Management business.
- Lead and develop close relationships with our partner brokers.
- Cultivate business development initiatives to grow the portfolio profitably, where desired.
- Own the development of our underwriting appetite, constantly analysing the portfolio and modifying appetite accordingly.
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- A proven track record of profitable underwriting or broking performance.
- An excellent Market reputation in the Product Recall market.
- Meaningful Broker and Client relationships and the ability to develop business from a variety of sources.
- Excellent communication skills, and the ability to deal comfortably with different types of people at all levels of seniority.
- Demonstrable experience of managing risks appropriately, applying judgement and being prepared to own and take responsibility for your decisions.
- Experience in the use (and ideally the development) of online trading portals and/or other automated placement systems.
- Analysis and decision making
- Innovation and problem solving
- Strategic perspective
- Commerciality
- Communication and influence
- Resilience and adaptability
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, Crisis Management employer: IQUW Group
Starr is an exceptional employer that fosters a dynamic and inclusive work culture, offering first-class training and development opportunities for its employees. As part of the Crisis Management team, you will engage in meaningful work that directly impacts global businesses while building strong relationships with brokers and clients. With a commitment to employee growth and a focus on innovation, Starr provides a rewarding environment for those looking to excel in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Crisis Management
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with crisis management. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Show off your skills! Prepare a portfolio or case studies that highlight your underwriting successes and how you've managed risks effectively. This will give you an edge during interviews.
✨Tip Number 3
Be proactive! Don’t just wait for job openings to pop up. Reach out directly to Starr or similar companies through our website and express your interest in potential roles. It shows initiative!
✨Tip Number 4
Practice your pitch! Be ready to discuss how your experience aligns with the role of Underwriter in Crisis Management. Tailor your conversation to show how you can contribute to Starr’s growth.
We think you need these skills to ace Underwriter, Crisis Management
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role in Crisis Management. Highlight your relevant experience in underwriting and any specific achievements that showcase your analytical skills and relationship management abilities.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Use it to demonstrate your understanding of the product recall market and how your skills align with our needs at Starr.
Showcase Your Communication Skills:Since this role involves dealing with brokers and clients, make sure your application reflects your excellent communication skills. Use clear and concise language, and don’t shy away from showing your personality!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for the role as quickly as possible.
How to prepare for a job interview at IQUW Group
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially in the Product Recall sector. Be prepared to discuss specific cases and how you approached risk assessment. This will show that you’re not just familiar with the theory but can apply it practically.
✨Build Rapport with Brokers
Since relationship management is key for this role, think about how you can demonstrate your ability to connect with brokers. Prepare examples of past experiences where you successfully built relationships and how they led to profitable outcomes.
✨Showcase Your Analytical Skills
Be ready to discuss your analytical approach to underwriting. You might be asked to analyse a hypothetical scenario, so practice articulating your thought process clearly. Highlight any tools or methods you use to assess risks effectively.
✨Demonstrate Business Development Acumen
This role requires a proactive approach to business development. Think of strategies you've implemented in the past to grow a portfolio. Be prepared to share your ideas on how you would cultivate new business opportunities at Starr.
