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For Companies At a Glance
- Tasks: Underwrite for Ports & Terminals, assess risks, and optimise portfolios.
- Company: IQUW, a dynamic specialty (re)insurer at Lloyd’s with a collaborative culture.
- Benefits: Competitive salary, generous holiday allowance, and professional development support.
- Why this job: Join a forward-thinking team and make impactful underwriting decisions.
- Qualifications: Strong underwriting skills, analytical mindset, and excellent communication abilities.
- Other info: Opportunity for career growth in a supportive and inclusive environment.
The predicted salary is between 36000 - 60000 £ per year.
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
Our group thrives on four core values: Empowerment, Collaboration, Drive, and Inclusivity. We are all about encouraging initiative and valuing each member's contributions, fostering teamwork for innovative solutions, staying motivated to achieve our goals, and ensuring everyone feels respected and valued. Together, we create a supportive and dynamic environment where everyone can flourish.
This underwriting role within the Ports & Terminals team is a unique opportunity for individuals who can combine strong technical underwriting skills with exposure management expertise. You will be underwriting for the Ports & Terminals class of business while ensuring robust catastrophe exposure assessment and portfolio optimization. The role requires a highly analytical approach, strong broker relationships, and the ability to integrate exposure analytics into underwriting decisions. You will look to develop and leverage tools that enable us to calculate appropriate premiums in cases when the historic record provides insufficient data, and understand, quantify and manage exposure to future catastrophic loss events, steering the business to create a resilient and sustainable portfolio of insured risks. Overall book analysis, preparation of statistics and various other analytical tasks and skills will also be required.
Key Responsibilities
- Deliver the underwriting strategy for Ports & Terminals in line with risk appetite and profitability targets.
- Underwrite all elements of the portfolio, ensuring pricing adequacy, contractual terms, and adherence to guidelines.
- Develop and maintain strong broker and client relationships to drive profitable growth.
- Support digitization and efficiency improvements in placement processes.
- Incorporate catastrophe exposure considerations into underwriting decisions, ensuring aggregate positions are well understood and controlled.
- Collaborate with Exposure Management and Research teams to cascade IQUW’s “View of Risk” into underwriting processes.
- Utilize exposure analytics and dashboards to monitor aggregate catastrophe exposures (natural and non-natural perils).
- Contribute to outwards reinsurance strategy by providing portfolio exposure insights.
- Assist in event response and loss estimation, sourcing data from multiple inputs.
- Help to design reporting and metrics and continual improvement, automation and development of new analysis tools that clearly communicate the exposed risk to a range of stakeholders with varied perspectives and expertise.
Essential Qualifications, Skills and Experience
- A proven track record of strong underwriting and/or exposure management performance.
- Ability to interpret and apply exposure data to underwriting decisions.
- Excellent communication and negotiation skills with brokers and clients of all levels of seniority and the ability to build effective professional relationships with these types of people.
- Demonstrable experience of managing tasks appropriately, applying judgement and being prepared to own and take responsibility for their decisions.
- Strong Excel capability, including experience working with large datasets.
- An unwavering appetite to increase the profitability of the portfolio and become an integral part of a developing class within IQUW.
Benefits
- Competitive Benchmarked Salary: Ensuring fair compensation aligned with industry standards.
- Generous Holiday Allowance: 25 days of holiday each year.
- Discretionary Bonus Scheme: Rewarding exceptional performance.
- Employee Assistance Programme: Providing support for personal and professional challenges.
- Annual Holiday Buy: Option to purchase up to 3 additional days of holiday.
- Salary Sacrifice Benefits: Tax-efficient ways to access additional benefits.
- Annual Benefits Reviews: Regular evaluations to ensure the best offerings.
- Professional Development: Support for your Professional Qualifications, we’re committed to your professional growth and will support you every step of the way.
Underwriter - Ports & Terminals in London employer: IQUW Property Insurance
Contact Detail:
IQUW Property Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Ports & Terminals in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to professionals on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your technical underwriting skills and exposure management expertise. Use real examples from your experience to demonstrate how you can add value to their team.
✨Be Prepared for Interviews
Research the company and the role thoroughly before your interview. Understand their underwriting strategy and be ready to discuss how you can contribute to their goals. This shows you’re genuinely interested and well-prepared!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re proactive and really want to be part of our team.
We think you need these skills to ace Underwriter - Ports & Terminals in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role in Ports & Terminals. Highlight your underwriting experience and any exposure management skills that align with what we’re looking for. This shows us you’ve done your homework and understand the role!
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 skills can contribute to our team. Don’t forget to mention our core values and how you embody them!
Showcase Your Analytical Skills: Since this role requires a strong analytical approach, make sure to highlight any relevant experience with data analysis or exposure management. We want to see how you can integrate analytics into your underwriting decisions!
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 don’t miss out on any important updates from our team!
How to prepare for a job interview at IQUW Property Insurance
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially related to Ports & Terminals. Understand the key elements of pricing adequacy and exposure management, as these will likely come up in your interview.
✨Showcase Your Analytical Skills
Be prepared to discuss how you've used data and analytics in your previous roles. Highlight any experience with large datasets and how you've applied this to make informed underwriting decisions.
✨Build Rapport with Brokers
Since strong broker relationships are crucial for this role, think of examples where you've successfully built and maintained professional relationships. This will demonstrate your communication and negotiation skills.
✨Emphasise Team Collaboration
IQUW values collaboration, so be ready to share experiences where you've worked effectively in a team. Discuss how you’ve contributed to collective goals and supported others in achieving success.
