At a Glance
- Tasks: Underwrite international business and provide expert advice in a dynamic team.
- Company: Join Beazley, a leading name in the insurance industry with a strong reputation.
- Benefits: Competitive salary, professional development, and opportunities for networking.
- Other info: Collaborative environment with a focus on innovation and client satisfaction.
- Why this job: Make an impact in the insurance world while developing your skills and career.
- Qualifications: Experience in underwriting and portfolio management; graduate level education required.
The predicted salary is between 55000 - 65000 € per year.
Division: Specialty Lines
Reports To: As per Beazley’s organisation chart
Key Relationships: Brokers, Underwriters, Claims staff, Coverholders, external Clients and Suppliers
Job Summary: To underwrite an International Delegated account within the Specialty Risks team and provide counsel and advice on underwriting related issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand.
Key Responsibilities
- Underwriting: Develop and underwrite a profitable portfolio of International Delegated business as part of the Specialty Lines team. Structure tailor‑made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing. Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long‑term profitability at account level. Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable. Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the International account. Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Specialty Lines. Comply with Beazley’s underwriting control standards for business written through Lloyd’s or Beazley’s internal MGAs. Develop a good working relationship with the claims managers on this class of business.
- Client Management: Advise, assist and service clients on insurance and risk matters to ensure clients’ satisfaction. Foster positive relationships with clients to get a mutual understanding of both their and Beazley’s needs. Maintenance of good business relationships with brokers. Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.
- General: Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley. Develop best practice and disseminate business and class knowledge within the International Delegated and Specialty Lines team. Work with peers within International Delegated and Specialty Lines teams to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities. Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group. Production of presentations and marketing literature as required. Production of business plans/research documents for the International Delegated account as required.
Personal Specification
Essential Criteria: Demonstrable Underwriting experience, with authority. Portfolio management skills - experienced with Delegated Binders business.
Education & Qualifications: Minimum graduate level education.
Skills & Abilities: Proficient underwriting skills. Accurate and numerate. Computer skills – good working knowledge of MS Office, advanced Excel skills. Strong analytical skills with attention to detail. Able to communicate effectively with others, both verbally and in writing. Ability to manage time, meet deadlines and prioritise. Ideally European language(s) in addition to English.
Knowledge and Experience: General commercial and financial knowledge. Experience in insurance industry. Experience of international professional indemnity underwriting. Thorough knowledge of underwriting policy, philosophy and practice. Advanced knowledge of underwriting processes and systems. Client service experience.
Aptitude and Disposition: Result focused, self‑motivated, flexible and enthusiastic. Professional approach to interact successfully with managers/colleagues/external suppliers. Team worker as well as able to work on own initiative. Customer focused, with a strong ethic of service and fairness to the customer.
Competencies: Achievement drive. Analytical thinking. Strategic thinking. Service focus. Team working. Forward thinking. Conceptual thinking.
Underwriter - International Specialty Programmes employer: myGwork - LGBTQ+ Business Community
Beazley is an exceptional employer, offering a dynamic work environment where innovation and collaboration thrive. As an Underwriter in the International Specialty Programmes team, you will benefit from a culture that prioritises professional growth, with ample opportunities for skill development and networking within the industry. Located in a vibrant city, Beazley provides a supportive atmosphere that values employee contributions and fosters long-term career success.
Contact Detail:
myGwork - LGBTQ+ Business Community Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - International Specialty Programmes
✨Tip Number 1
Networking is key! Get out there and connect with industry professionals, attend events, and join relevant groups. The more people you know, the better your chances of landing that underwriter role.
✨Tip Number 2
Practice your pitch! Be ready to explain your underwriting experience and how it aligns with the needs of the International Specialty Programmes. A confident and clear presentation can make all the difference.
✨Tip Number 3
Don’t underestimate the power of follow-ups. After interviews or networking events, drop a quick thank-you email. It shows professionalism and keeps you on their radar.
✨Tip Number 4
Apply through our website! We’ve got loads of resources to help you prepare for interviews and showcase your skills. Plus, it’s the best way to ensure your application gets seen by the right people.
We think you need these skills to ace Underwriter - International Specialty Programmes
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your underwriting experience and portfolio management skills, especially with Delegated Binders business. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how you can contribute to our Specialty Lines team. Be sure to mention any relevant experience in international professional indemnity underwriting.
Showcase Your Analytical Skills:Since strong analytical skills are key for this role, make sure to include examples of how you've used these skills in past positions. We love seeing how you approach problem-solving and decision-making!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at myGwork - LGBTQ+ Business Community
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially around international delegated business. Be prepared to discuss specific examples from your experience that demonstrate your ability to manage portfolios and evaluate risk premiums.
✨Showcase Your Analytical Skills
Since strong analytical skills are crucial for this role, be ready to talk about how you've used data to make decisions in the past. Bring along any relevant examples where your attention to detail made a significant impact on profitability or client satisfaction.
✨Build Rapport with Clients
Demonstrate your client management skills by sharing experiences where you successfully fostered relationships with clients or brokers. Highlight how you’ve understood their needs and provided tailored solutions that benefited both parties.
✨Be a Team Player
This role requires collaboration with various teams, so be prepared to discuss how you’ve worked effectively within a team in the past. Share examples of how you’ve contributed to best practices or shared knowledge to enhance team performance.
