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- Tasks: Support the Senior Underwriter in executing underwriting strategies and building broker relationships.
- Company: Join ERS Syndicate 218, the UK's largest specialist motor insurer with a strong reputation.
- Benefits: First-class training, inclusive environment, and opportunities for personal growth.
- Other info: Dynamic team culture focused on collaboration and professional development.
- Why this job: Make an impact in the motor insurance industry while developing your skills.
- Qualifications: Knowledge of motor insurance is a plus, but passion and willingness to learn are key.
The predicted salary is between 40000 - 50000 £ per year.
About us 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.
Overview 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.
Role Purpose 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, working closely with broker partners and forming solid trading relationships to help ERS achieve short to medium‑term financial plans by broadening market penetration. Success requires technical knowledge in our products and frequent collaboration with other business functions to ensure that we leverage capabilities from across the business in delivering first‑class propositions.
Qualifications, Skills and Experience:
- Knowledge of classic, modified, imported and motorhome insurance market experience is desirable.
- An ability to understand underwriting strategy and risk appetites and operate within these.
- Developing strong technical knowledge of the product(s), including the features of the product, factors that drive performance, market dynamics, and customer requirements.
- Underwriting, risk selection and pricing skills that optimise financial performance in a complex and competitive market.
- Good commercial awareness that identifies and takes advantage of market opportunities.
- Understanding pricing practices and methodologies, helping enhance pricing capability and providing insight and feedback on pricing models.
- Experience is a positive but not a requirement.
- Interpersonal skills to build and maintain relationships, articulate mutually beneficial relationships, and handle challenging conversations with broker partners.
- Knowledge of the legal, regulatory and compliance provisions applicable 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. We 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 are committed to an inclusive environment for all employees. We offer first‑class training and development opportunities to all employees, aiming to grow our own talent and bring out the best in people.
Underwriter - Bespoke in London employer: IQUW
Contact Detail:
IQUW Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Bespoke in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to ERS or motor insurance. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by brushing up on your technical knowledge. Understand the products ERS offers and be ready to discuss how your skills align with their underwriting strategy. Show them you mean business!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of the ERS team. Let’s get you that underwriter position!
We think you need these skills to ace Underwriter - Bespoke in London
Some tips for your application 🫡
Know Your Stuff: Make sure you understand the ins and outs of the motor insurance market, especially classic and modified vehicles. We want to see that you can talk the talk when it comes to underwriting strategy and risk appetites.
Tailor Your Application: Don’t just send a generic application! Show us how your skills and experiences align with the role of Underwriter at ERS. Highlight any relevant experience or knowledge that makes you a perfect fit for our team.
Show Off Your Interpersonal Skills: We value strong relationships with our broker partners, so let your communication skills shine through in your application. Share examples of how you've built and maintained professional relationships in the past.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team!
How to prepare for a job interview at IQUW
✨Know Your Products Inside Out
Make sure you have a solid understanding of the classic, modified, imported, and motorhome insurance markets. Brush up on the features of these products and how they perform in different market conditions. This knowledge will help you demonstrate your technical expertise during the interview.
✨Showcase Your Commercial Awareness
Be prepared to discuss how you identify and seize market opportunities. Think of examples from your past experiences where you've successfully navigated competitive environments. This will show that you can contribute to ERS's goal of sustainable growth.
✨Build Rapport with Brokers
Since the role involves forming strong relationships with broker partners, think about how you can articulate your interpersonal skills. Prepare anecdotes that highlight your ability to handle challenging conversations and maintain mutually beneficial relationships.
✨Understand Underwriting Strategy
Familiarise yourself with underwriting strategies and risk appetites. Be ready to discuss how you would operate within these frameworks and provide insights on pricing practices. This will demonstrate your readiness to support the Senior Underwriter effectively.