At a Glance
- Tasks: Join a supportive team to develop life underwriting philosophy and improve automated decision-making.
- Company: A leading UK mutual insurer with a proud history and inclusive culture.
- Benefits: 30 days holiday, competitive pension, annual bonus, and flexible benefits.
- Other info: Hybrid working model available; we celebrate individuality and inclusivity.
- Why this job: Make a real impact in the insurance industry while growing your career.
- Qualifications: Experience in risk management and automated underwriting software is essential.
The predicted salary is between 40000 - 50000 £ per year.
About the Role
As a leading UK life and pensions mutual insurer with a proud history dating back to 1843, we exist to help people live financially confident lives – protecting their income while they work and maximising it when they stop. Today, over one million members and customers trust us to look after their futures, families and finances.
Joining us means becoming part of a team that puts our members, customers and advisers at the heart of everything we do. We’re committed to creating an inclusive culture where colleagues can thrive. We are proud to have built a workplace where our colleagues feel welcomed, respected, supported and valued – reflected in our recognition as one of the Financial Times UK’s Best Employers in 2025 and 2026. We celebrate individuality and believe our differences make us stronger, so bring your true self and help shape the future of LV=.
We have a unique new opportunity for a skilled Development Underwriter to join our established and supportive team here at LV=. Within this exciting role, you will support the Head of Underwriting and Claims in developing the underwriting philosophy of our Protection business, and work closely with a small team of Development Underwriters and Technical Claims Leads (together with our wider team of underwriters and claims assessors). This role also includes leading initiatives, rules engine activity, data analysis, carrying out post issue sampling analysis activity, and utilising underwriting AI tools.
The role is offered on a permanent basis, from our Exeter office. We are open to conversations around working locations and offer a hybrid working model in line with business needs.
Key Responsibilities
- Contributing to the development and management of our life underwriting philosophy, technical standards, controls and practices.
- Accurately implementing online underwriting rules capability (using Underwrite Me), including the delivery and analysis of MI.
- Identifying opportunities to improve the risk control and/or efficiency of automated rules engine decision making.
- Providing an underwriting insight into key developments around our Protection business - including project work, assessing the impact on existing underwriting capability, and supporting with implementation.
- Attending relevant committees and working groups, and delivering content to enable discussion, review, and improvement.
- Maintaining a positive working relationship with operational teams across the business, including Claims, Product, Proposition, Sales, Marketing, Pricing, and third parties such as medical officers, reassurers and rules engine suppliers.
- Providing coaching and mentoring to underwriters within the business.
- Preparing and presenting training material to underwriters and other business areas as required.
- Researching competitor offerings and sharing knowledge as appropriate.
- Obtaining ongoing CPD by attending training seminars and industry events.
- Efficiently complying with regulatory and statutory standards and controls, with particular emphasis on conduct risk.
- Effectively utilising underwriting AI audit tools.
About You
- Have an extensive background in risk management, with experience of underwriting life and income protection insurance products.
- Demonstrate strong experience of using, maintaining, and developing automated underwriting decision making software (rules engines) including the development of new rules, and enhancing the efficiency of existing rules, using your analytical skills.
- Have obtained a Diploma in Life and Disability Underwriting (DLDU) – desirable but not essential.
- Showcase extensive knowledge of operational underwriting at all levels, including all key product types underwritten by LV= Protection business.
- Be an excellent communicator, with a great eye for detail and strong analytical skills.
- Be passionate about providing excellent customer service for all LV= customers, and able to identify potential service improvements.
- Have strong working knowledge of new business processes.
- Be a forward-thinking, proactive individual with previous experience of leading or contributing to key projects.
Rewards and Benefits
This role is a Band C in the LV= Structure. At LV= Savings and Retirement, you’ll go above and beyond to do the right thing for our customers. We’ll reward your hard work with an attractive, competitive salary and benefits package, which includes:
- 30 days' holiday, with the option to buy up to 5 additional days
- Competitive pension scheme - LV= Life and Pensions will double-match the amount you pay, up to 14% (subject to National Minimum Wage requirements)
- An annual bonus scheme based on personal performance
- Single-cover private medical insurance (with the option for you to upgrade to family cover)
- Flexible benefits, including a cycle to work scheme, personal accident insurance, critical illness cover and dental insurance
- Up to 20% discount on our life products for you and your immediate family
- A group life assurance policy with 4 x your basic pay to go to your dependents (you’ll have the option to increase to 8 x cover)
- Group Income Protection (if you become a member of the Pension scheme and reach 5 years of service)
- Access to our Employee Assistance Programme (EAP) for support when you need it
- A virtual GP service
- Shared parental leave
- Up to 20% discount on our life products for you and your immediate family.
Please note all salary sacrifice benefits are subject to National Minimum Wage requirements i.e. you are unable to select any benefits that would reduce your base pay below the minimum wage threshold. Please note that we are unable to offer Skilled Worker Visa Sponsorship for this role. Therefore, you must ensure that you are eligible to work in the UK without our sponsorship for your application to be considered.
We’re proud of our inclusive culture at LV= and, as an equal-opportunity employer, we continually work to remove unconscious bias from our recruitment process. We value our colleagues for what they bring to our team regardless of any protected status or characteristics they may have. Talk to us about flexible working as part of your application; if it’s right for you, our members and customers, and our business, then we’ll do everything we can to make it happen.
Development Underwriter in Teignmouth employer: LV=
At LV=, we pride ourselves on being an exceptional employer, offering a supportive and inclusive work environment where every colleague is valued and respected. Our Exeter office fosters a culture of collaboration and innovation, providing ample opportunities for professional growth and development, alongside a competitive benefits package that includes generous holiday allowances and a robust pension scheme. Join us to make a meaningful impact in the lives of our members while enjoying the flexibility of a hybrid working model.
StudySmarter Expert Advice🤫
We think this is how you could land Development Underwriter in Teignmouth
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with potential colleagues on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you answer questions confidently and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or use online resources to refine your answers. Focus on showcasing your skills and experiences that relate directly to the Development Underwriter role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining our awesome team at LV=.
We think you need these skills to ace Development Underwriter in Teignmouth
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Development Underwriter role. Highlight your experience in risk management and underwriting, and show us how your skills align with our values and mission.
Showcase Your Analytical Skills:Since this role involves a lot of data analysis and decision-making software, be sure to include specific examples of how you've used analytical skills in past roles. We want to see how you can contribute to improving our underwriting processes!
Communicate Clearly:As an excellent communicator, your application should reflect that! Use clear and concise language, and make sure to proofread for any errors. We appreciate attention to detail, so let that shine through in your writing.
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 us you're keen on joining our team at LV=!
How to prepare for a job interview at LV=
✨Know Your Underwriting Stuff
Make sure you brush up on your knowledge of life and income protection insurance products. Be ready to discuss your experience with underwriting philosophies and how you've contributed to improving risk control in previous roles.
✨Show Off Your Analytical Skills
Since the role involves using automated underwriting decision-making software, be prepared to talk about your experience with rules engines. Share specific examples of how you've developed or enhanced these systems to improve efficiency.
✨Communicate Like a Pro
As an excellent communicator, you’ll need to demonstrate your ability to maintain positive relationships across various teams. Think of examples where you've successfully collaborated with operational teams or presented training material.
✨Be Forward-Thinking
This role requires a proactive approach, so come prepared with ideas on how you can contribute to key projects. Discuss any past experiences where you led initiatives or identified service improvements that benefited your team or customers.
