PI Underwriter in Luton

PI Underwriter in Luton

Luton Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Work with brokers to assess and quote risks, ensuring compliance and managing accounts.
  • Company: Fast-growing specialist underwriter with an entrepreneurial spirit and minimal bureaucracy.
  • Benefits: Competitive salary, remote work options, and a dynamic work culture.
  • Why this job: Join a team that values innovation and empowers you to make impactful decisions.
  • Qualifications: 5+ years in underwriting or broking, Dip CII qualified, and Excel proficiency.
  • Other info: Opportunity for career growth in a supportive and collaborative environment.

The predicted salary is between 36000 - 60000 £ per year.

Our client was launched in 2021 and is a specialist underwriter of financial and professional lines risks in the UK and internationally. Their core business has been underwriting UK PI risks. In the UK, they currently underwrite and/or place business with 5 risk carriers whilst internationally, with 3 risk carriers. To date, they have been very successful in building a sizeable and profitable portfolio due to its wide risk appetite, its ability to underwrite risks based on merit, empowered underwriters and a commitment to fast turnaround time on all quotes to insurance brokers. Culturally, it is very entrepreneurial and fast-moving with a focus on always building a better, smarter business with little bureaucracy. They are looking to bring on additional talent with the same ethos.

The Role

You will spend the majority of your time working with brokers on new business and renewals, assessing, rating and quoting risks, entering data into underwriting tools, issuing policy documentation and ensuring compliance with company standards.

Role and Responsibilities

  • Reviewing specialist cases and clearly and positively articulate underwriting decisions within agreed timeframes
  • Refer risks outside of underwriting authorities
  • Actively manage and develop a portfolio of accounts to maximise profitable revenue potential from new and renewal business
  • Identifying better, smarter, faster means of underwriting/trading
  • Contributing to technical audits and peer review processes as required to support and enable the maintenance of an effective control environment
  • Contributing to the development and monitoring of account plans
  • Ability to work in a remote team environment
  • Understanding our marketplace and key competitors to enable you to negotiate flexibly and appropriately resulting in successful trading
  • Effective broker account relationship development and management
  • Demonstrated ability to assess and price risks, limit exposures
  • Successfully developing effective trading relationships
  • Commercially astute with demonstrable track record of taking accountability for delivery

Role Requirements

  • Minimum 5 years dedicated underwriting or broking experience, preferably UK market with a recognised insurer, MGA or broker
  • Minimum Dip CII qualified (or equivalent)
  • Proficient in MS Excel

PI Underwriter in Luton employer: NRG

As a rapidly growing specialist underwriter, our client offers an entrepreneurial work culture that empowers employees to make impactful decisions and drive innovation in the financial and professional lines sector. With a commitment to fast turnaround times and minimal bureaucracy, team members enjoy a dynamic environment that fosters professional growth and collaboration, making it an excellent place for those looking to advance their careers in underwriting. Located in the UK, the company provides unique opportunities to engage with a diverse portfolio of clients and brokers, ensuring a rewarding and meaningful career path.
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Contact Detail:

NRG Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land PI Underwriter in Luton

✨Tip Number 1

Networking is key! Get out there and connect with industry professionals on LinkedIn or at events. We can’t stress enough how a personal connection can make all the difference when it comes to landing that PI Underwriter role.

✨Tip Number 2

Prepare for interviews by researching the company and its competitors. We want you to be able to discuss their underwriting approach and how you can contribute to their entrepreneurial culture. Show them you’re not just another candidate!

✨Tip Number 3

Practice your pitch! You need to clearly articulate your experience and how it aligns with their needs. We recommend rehearsing with a friend or in front of a mirror until you feel confident and natural.

✨Tip Number 4

Don’t forget to follow up after interviews! A quick thank-you email can keep you top of mind. We believe this small gesture shows your enthusiasm and professionalism, which can really set you apart from other candidates.

We think you need these skills to ace PI Underwriter in Luton

Underwriting Skills
Risk Assessment
Data Entry
Policy Documentation Issuance
Compliance Knowledge
Portfolio Management
Broker Relationship Management
Negotiation Skills
Technical Audits
Market Understanding
Commercial Acumen
MS Excel Proficiency
Accountability
Problem-Solving Skills

Some tips for your application 🫡

Show Your Passion: When you're writing your application, let your enthusiasm for the role shine through! We want to see that you’re genuinely excited about the opportunity to work with us and contribute to our entrepreneurial spirit.

Tailor Your CV: Make sure your CV is tailored to the PI Underwriter role. Highlight your relevant experience, especially in underwriting or broking, and don’t forget to mention any specific achievements that demonstrate your skills in managing accounts and assessing risks.

Be Clear and Concise: Keep your application clear and to the point. We appreciate straightforward communication, so avoid jargon and make sure your key points stand out. This will help us quickly see why you’d be a great fit for our team!

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 you’re proactive and keen to join our team!

How to prepare for a job interview at NRG

✨Know Your Underwriting Stuff

Make sure you brush up on your underwriting knowledge, especially around professional indemnity risks. Be ready to discuss specific cases you've handled and how you assessed and priced those risks. This shows you’re not just familiar with the theory but have practical experience too.

✨Show Off Your Broker Relationships

Since the role involves working closely with brokers, be prepared to talk about your experience in developing and managing broker relationships. Share examples of how you've successfully negotiated terms or resolved issues, as this will highlight your interpersonal skills and commercial acumen.

✨Demonstrate Your Entrepreneurial Spirit

This company values an entrepreneurial mindset, so think of ways you've contributed to improving processes or driving results in previous roles. Whether it’s finding smarter ways to underwrite or enhancing turnaround times, share these experiences to align with their fast-moving culture.

✨Be Data Savvy

Since you'll be entering data into underwriting tools and using MS Excel, make sure you can confidently discuss your proficiency with these tools. Prepare to give examples of how you've used data analysis in your previous roles to inform your underwriting decisions or improve efficiency.

PI Underwriter in Luton
NRG
Location: Luton

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