At a Glance
- Tasks: Develop and refine underwriting philosophies using evidence-based approaches.
- Company: Join Royal London, the UK's largest mutual life and pensions company.
- Benefits: Enjoy 28 days annual leave, up to 14% pension matching, and private medical insurance.
- Other info: Inclusive workplace with great career growth and diverse perspectives.
- Why this job: Make a real impact on underwriting standards and customer experiences.
- Qualifications: Expertise in underwriting principles and strong analytical skills required.
The predicted salary is between 60000 - 80000 € per year.
Contract Type: Permanent
Location: Edinburgh or Glasgow or Alderley Park or London or Remote
Working Style: Hybrid 50% or Remote
Closing Date: 8th June 2026
We have an exciting new opportunity for an Underwriting Philosophy Developer to join our Underwriting Team at Royal London. You will play a key part in the development, refinement, and strategic alignment of Royal London’s underwriting philosophy. This role ensures that underwriting standards reflect the organisation’s risk appetite and market position, regulatory obligations, and customer-centric values, while supporting proposition design and operational excellence.
More About the role:
- Design and develop underwriting philosophies for new and existing propositions using evidence-based approaches, while considering reinsurance impacts and agreed reinsurance parameters.
- Incorporate insights from medical research, competitor analysis, claims statistics, MI data and reinsurance treaties to shape philosophy updates.
- Collaborate with Pricing, Data, and Reinsurance partners to ensure philosophies are commercially viable and aligned with treaty terms.
- Work closely with the team responsible for electronic underwriting rules and design philosophies that are transferable and maximise immediate decision rates, balance risk and optimise the customer journey.
- Act as a subject matter expert to senior stakeholders, driving underwriting direction and influencing proposition strategy.
- Lead cross-functional discussions to agree on philosophy changes and their implementation across manual and digital underwriting platforms.
- Attend and represent UW Philosophy at internal and external forums and events.
- Support reinsurance tenders, delivering philosophy changes to allow for agreed underwriting stances and commercial benefits.
- Review underwriting decisions as part of philosophy improvement work, or on case referrals, to monitor adherence to philosophy and industry best practices.
- Analyse error rates, claims and trends to inform continuous improvement and any potential training needs.
- Feed into the oversight of Operational risk and Quality assurance.
What you will bring to the role:
- Expert understanding of underwriting principles, insurance medicine, and risk assessment.
- Strong customer focus, analytical judgement and ability to interpret complex data from a variety of sources.
- Highly organised, with ability to manage a very varied workload and adapt to rapid changes in priority.
- Exceptional oral/written communication skills.
- Ability to understand and communicate with all stakeholders, both internal and external.
- Ability to seek creative solutions to problems with a focus on customer outcome and operational efficiency improvement.
- MI capability to gather, manipulate and present data to support philosophy developments and overall experience.
Desirable experience:
- More than five years’ experience as a Senior Underwriter.
- Experience working in an underwriting development team.
- Ability to interpret medical research papers.
- Familiar with quality assurance practices and procedures.
- Understanding of electronic underwriting rule systems.
- Project management experience.
- College courses or practical work experience that relate to job functions.
- Professional Industry Qualification (ACII, DLDU).
If you feel you’d be a great fit for Royal London but don’t meet every requirement, we’d still love to hear from you. Research shows some candidates are less likely to apply unless they meet 100% of the criteria - if you meet most requirements and are keen to learn, we encourage you to apply!
About Royal London:
We’re the UK’s largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.
Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.
We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance.
Inclusion, diversity and belonging:
We’re an inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected – whatever their background.
Underwriting Philosophy Developer in Edinburgh employer: More About the role
Royal London is an exceptional employer that prioritises inclusivity, employee well-being, and professional growth. With a strong commitment to a collaborative work culture, employees enjoy generous benefits such as 28 days of annual leave, a robust pension scheme, and private medical insurance. The hybrid working model allows for flexibility, making it an ideal environment for those seeking meaningful and rewarding careers in the heart of Edinburgh, Glasgow, Alderley Park, London, or remotely.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Philosophy Developer in Edinburgh
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Royal London. A friendly chat can open doors and give you insights that might just set you apart from the crowd.
✨Tip Number 2
Prepare for interviews by diving deep into underwriting philosophies. Brush up on your knowledge of risk assessment and insurance medicine, so you can impress with your expertise and show how you can contribute to the team.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss how you've used data to inform decisions in past roles. This will highlight your ability to align with Royal London's customer-centric values and operational excellence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Underwriting Philosophy Developer in Edinburgh
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight how your experience aligns with the Underwriting Philosophy Developer role. Use keywords from the job description to show that you understand what we're looking for.
Showcase Your Expertise:Don’t hold back on demonstrating your understanding of underwriting principles and risk assessment. Share specific examples from your past roles that showcase your analytical skills and customer focus, as these are key for us.
Be Clear and Concise:When writing your application, keep it clear and to the point. We appreciate well-structured responses that get straight to the heart of your qualifications and experiences without unnecessary fluff.
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 this exciting opportunity at Royal London!
How to prepare for a job interview at More About the role
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting principles and insurance medicine. Be ready to discuss how these concepts apply to the role and how you can use them to develop effective underwriting philosophies.
✨Data is Your Best Friend
Familiarise yourself with data analysis techniques, especially in relation to claims statistics and MI data. Be prepared to share examples of how you've used data to inform decisions or improve processes in your previous roles.
✨Show Off Your Communication Skills
Since you'll be collaborating with various teams and stakeholders, practice articulating complex ideas clearly and concisely. Think of examples where you've successfully communicated with different audiences, whether internal or external.
✨Be Ready for Problem-Solving
Expect questions that assess your ability to find creative solutions to underwriting challenges. Prepare some scenarios where you've tackled issues effectively, focusing on customer outcomes and operational efficiency.
