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- Tasks: Underwrite for Ports & Terminals, assess risks, and optimise portfolios.
- Company: IQUW, a leading 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 dynamic team and make impactful decisions in the insurance industry.
- 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 ÂŁ per year.
Join to apply for the Underwriter - Ports & Terminals role at IQUW. 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 encourage initiative, value each member’s contributions, foster teamwork for innovative solutions, stay motivated to achieve our goals, and ensure everyone feels respected and valued.
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 underwrite 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.
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 continually improve automation and development of new analysis tools that clearly communicate the exposed risk to stakeholders with varied perspectives and expertise.
- 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.
- Demonstrable experience of managing tasks appropriately, applying judgment and being prepared to own and take responsibility for 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.
- 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.
Seniority level: Mid‑Senior level
Employment type: Full‑time
Job function: Finance and Sales
Industries: Insurance
Underwriter - Ports & Terminals employer: IQUW
Contact Detail:
IQUW Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Ports & Terminals
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to IQUW. A friendly chat can open doors and give you insights that might just set you apart from other candidates.
✨Tip Number 2
Prepare for the interview by brushing up on your technical underwriting skills. Be ready to discuss how you would approach exposure management and portfolio optimisation. Show them you’re not just a number cruncher but someone who can think strategically!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After your interview, drop a quick thank-you note to express your appreciation. It’s a simple gesture that 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 noticed. Plus, it shows you’re genuinely interested in being part of the IQUW team. Let’s get you that Underwriter role!
We think you need these skills to ace Underwriter - Ports & Terminals
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter - Ports & Terminals role. Highlight your underwriting experience and any exposure management skills that align with what we’re looking for. We want to see how you can contribute to our team!
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 match our needs. Don’t forget to mention our core values like collaboration and drive, as they’re super important to us.
Showcase Your Analytical Skills: Since this role requires a highly analytical approach, make sure to highlight any relevant experience with data analysis or exposure analytics in your application. We love seeing candidates who can integrate data into their decision-making process!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, it shows you’re keen on joining our team at IQUW!
How to prepare for a job interview at IQUW
✨Know Your Underwriting Stuff
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.
✨Build Broker Relationships
Since strong broker relationships are crucial for this role, think about how you can demonstrate your communication and negotiation skills. Prepare examples of how you've successfully built and maintained professional relationships in the past.
✨Showcase Your Analytical Skills
Be ready to discuss your experience with data analysis, particularly using Excel. You might be asked to interpret exposure data, so having a few examples of how you've used analytics to inform underwriting decisions will set you apart.
✨Emphasise Collaboration and Inclusivity
IQUW values collaboration and inclusivity, so highlight any experiences where you've worked effectively in a team or contributed to a positive work environment. This will show that you align with their core values.
