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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 stellar A+ rating.
- Benefits: Enjoy first-class training, inclusive culture, and opportunities for personal and professional growth.
- Other info: Be part of a diverse team committed to excellence and innovation.
- Why this job: Make an impact in the motor insurance industry while developing your skills in a dynamic environment.
- Qualifications: Desirable knowledge of motor insurance; experience is a plus but not required.
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 employer: IQUW
Contact Detail:
IQUW Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Bespoke
✨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
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 for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on 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 various motor insurance products, especially classic, modified, and motorhome insurance. Brush up on the features, market dynamics, and customer requirements so you can confidently discuss how your knowledge aligns with ERS's underwriting strategy.
✨Showcase Your Commercial Awareness
Demonstrate your ability to identify market opportunities during the interview. Think about recent trends in the motor insurance market and be ready to discuss how you would leverage these insights to enhance ERS's offerings and support their financial goals.
✨Build Rapport with Brokers
Since the role involves forming solid trading relationships with broker partners, practice articulating how you would approach building these connections. Share examples from your past experiences where you've successfully navigated challenging conversations or built mutually beneficial relationships.
✨Prepare for Technical Questions
Expect questions that test your understanding of underwriting strategies and risk appetites. Prepare by reviewing common pricing practices and methodologies, and think about how you can contribute to enhancing ERS's pricing capabilities based on your insights and feedback.