At a Glance
- Tasks: Shape innovative insurance products and ensure compliance with regulations.
- Company: Join HSB, a purpose-driven organisation known for technical excellence.
- Benefits: Enjoy competitive salary, hybrid work, 25 days leave, and comprehensive rewards.
- Other info: Diverse and inclusive workplace with strong focus on professional development.
- Why this job: Make a real impact by developing specialist insurance solutions and driving improvements.
- Qualifications: Experience in insurance underwriting or similar technical roles is essential.
The predicted salary is between 49500 - 60500 £ per year.
London, England, United KingdomCategory: Claims & UnderwritingCompany: Munich ReJob title: Technical UnderwriterLocation: London, Manchester or Birmingham (Hybrid)Why Join HSB?We don't just insure risk—we help businesses build resilience. At HSB, you'll join a purpose-driven organisation trusted for technical excellence, specialist engineering expertise, and market-leading insurance solutions.As part of our Partnerships team, you'll work with underwriting, legal, claims and product specialists to develop innovative insurance propositions that support our partners and customers. What You'll Be DoingAs a Technical Underwriter, you'll be the technical expert supporting our Partnerships business, ensuring our products and documentation are accurate, compliant and fit for purpose.Working closely with underwriting, legal, claims, product and business development teams, you'll draft and maintain policy wordings, delegated authority agreements, appointed representative agreements and reinsurance treaties. You'll also support new product development, provide technical guidance and training, and help ensure our products continue to meet legal, regulatory and underwriting standards throughout the partnership lifecycle.What Makes This Role SpecialShape innovative products - Help develop specialist insurance solutions that support strategic partnerships.Drive improvement - Influence the development of policy wordings, governance and underwriting standards.Work collaboratively - Partner with underwriting, legal, claims and business development teams across the business.Invest in your future - Build your career with ongoing professional development as part of the wider Munich Re Group.A proactive, solution-focused mindset and sound commercial judgement.What You'll NeedExperience in commercial or consumer insurance underwriting, or a similar technical insurance role.Experience drafting or reviewing insurance documentation, policy wordings or delegated authority agreements, or transferable experience in legal, compliance or product governance.A good understanding of insurance regulation and underwriting governance.What We OfferIn addition to a competitive salary and hybrid working, you'll benefit from a comprehensive rewards package including:25 days annual leave plus bank holidays and wellbeing days.Annual bonus opportunity.Up to 13% employer pension contribution.Private medical and dental cover.Life assurance.Wellbeing and Employee Assistance Programme.Study support and continuing professional development.Hybrid working.Diversity, Equity & InclusionAt HSB, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.All candidates in consideration for any role can request a reasonable adjustment at any stage of our recruitment process by speaking with their Talent Acquisition contact.
Medical Insurance Underwriter in London employer: Munich Re
As a leading insurance provider in Greater London, we pride ourselves on fostering a dynamic work culture that values collaboration and innovation. Our employees benefit from comprehensive professional development opportunities, competitive remuneration, and a supportive environment that encourages growth and transformation. Join us to be part of a team that is dedicated to making a meaningful impact in the insurance industry while enjoying the vibrant lifestyle that Greater London has to offer.
StudySmarter Expert Advice🤫
We think this is how you could land Medical Insurance Underwriter in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Munich Re). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Munich Re. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Munich Re.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Munich Re. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Munich Re
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Munich Re to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Munich Re, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Munich Re's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
