Life Underwriter

Life Underwriter

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

  • Tasks: Join our team as a Life Underwriter, assessing risks and developing business opportunities.
  • Company: Oceanre is a leading reinsurance provider, specialising in innovative insurance solutions.
  • Benefits: Enjoy competitive salary, career growth, private medical insurance, and 30 days annual leave.
  • Why this job: Be part of a dynamic team, work with global clients, and drive impactful solutions.
  • Qualifications: Bachelor’s degree in relevant fields and 5-7 years of insurance experience required.
  • Other info: Fluency in English is mandatory; knowledge of other languages is a plus.

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

We are looking for an experienced Life Underwriter to join our dynamic team. This role offers a unique opportunity to work in a fast-paced reinsurance environment, focusing on group life and personal accident insurance across Europe and the Middle East. You will be responsible for underwriting risks, developing business opportunities, and managing key relationships with brokers and insurers.

What are we looking for?

  • Business Development & Client Acquisition
    • Identify new business opportunities in Europe and the Middle East.
    • Build and maintain relationships with brokers and insurers.
    • Present commercial proposals and attend industry meetings and events.
  • Underwriting & Risk Assessment
    • Assess and underwrite group life and personal accident risks.
    • Define terms and conditions for reinsurance programs.
    • Collaborate with the actuarial team to analyse profitability and pricing.
  • Client & Broker Relationship Management
    • Develop long-term relationships with clients and brokers.
    • Provide expert advice and manage contract renewals.
  • Market Analysis & Trends
    • Conduct market research and monitor insurance trends.
    • Stay updated on regulatory changes affecting life and accident insurance.
  • Compliance & Reporting
    • Ensure underwriting operations comply with legal and regulatory requirements.
    • Work closely with the legal and compliance teams.
    • Prepare periodic reports on underwriting activities and business performance.
  • Professional Profile
    • Education & Certifications
      • Bachelor’s degree in economics, Business Administration, Finance, Actuarial Science, or Insurance.
      • Professional certifications in insurance or reinsurance are a plus.
    • Experience
      • 5-7 years of experience in the insurance or reinsurance industry.
      • Strong background in group life and personal accident underwriting.
      • Experience in commercial negotiations and risk assessment.
      • Knowledge of reinsurance markets and key industry players in Europe & the Middle East.

Ideally, you should also have:

  • Strong commercial acumen with a proactive approach to business development.
  • Technical expertise in underwriting, actuarial analysis, and risk evaluation.
  • Excellent negotiation and communication skills.
  • Ability to work in multicultural environments and adapt to different business cultures.
  • Fluency in English (mandatory); knowledge of Spanish or other languages is a plus.

Our promise to you

  • Competitive salary with performance-based incentives.
  • Opportunities for career growth and professional development.
  • Exposure to international markets and global clients.
  • A collaborative and dynamic work environment alongside industry experts.
  • 10% defined non-contributory pension scheme.
  • Private medical insurance.
  • Income protection.
  • Group life insurance.
  • Cycle-to-work scheme.
  • 30 days of annual leave plus bank holidays.

Who We Are

Oceanre is a leading reinsurance provider, specializing in life, health, property & casualty, personal accident, cargo, surety, and motor insurance solutions. We partner with global insurers, brokers, and corporate clients to deliver innovative and optimal risk transfer programs. Our commitment to discipline, transparency, and consistency in underwriting and claims handling makes us a trusted name in the industry.

Our Culture

At Oceanre, we honour the promises we make to our regional clients by supporting the creation of new capabilities to address their evolving needs. We empower our team to take initiative, think strategically, and drive impactful solutions. Our diverse and inclusive work environment fosters continuous learning and relationship-building, while our financial strength and solvency allow us to expand and aim for more.

Are you ready to share the future of reinsurance? Be bold.

Life Underwriter employer: Ocean International Reinsurance

Oceanre is an exceptional employer, offering a vibrant and inclusive work culture that empowers Life Underwriters to thrive in a fast-paced reinsurance environment. With competitive salaries, generous benefits including a non-contributory pension scheme and private medical insurance, as well as ample opportunities for professional growth and exposure to international markets, we are committed to fostering a dynamic team of industry experts. Join us in shaping the future of reinsurance while building meaningful relationships across Europe and the Middle East.
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Contact Detail:

Ocean International Reinsurance Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Life Underwriter

✨Tip Number 1

Network actively within the insurance and reinsurance sectors. Attend industry events, conferences, and seminars to meet potential employers and brokers. Building relationships in these settings can lead to job opportunities that may not be advertised.

✨Tip Number 2

Stay updated on market trends and regulatory changes affecting life and accident insurance. This knowledge will not only help you in interviews but also demonstrate your commitment to the field and your proactive approach to business development.

✨Tip Number 3

Consider obtaining additional professional certifications related to underwriting or reinsurance. This can enhance your qualifications and make you stand out as a candidate, showing your dedication to continuous professional development.

✨Tip Number 4

Prepare to discuss specific examples of your experience in underwriting and risk assessment during interviews. Highlight your successes in business development and relationship management to showcase your skills and fit for the role.

We think you need these skills to ace Life Underwriter

Underwriting Expertise
Risk Assessment
Business Development
Client Relationship Management
Market Analysis
Regulatory Compliance
Negotiation Skills
Communication Skills
Actuarial Analysis
Commercial Acumen
Multicultural Adaptability
Technical Knowledge in Insurance
Report Preparation
Fluency in English
Knowledge of Reinsurance Markets

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in life underwriting, risk assessment, and business development. Use specific examples that demonstrate your skills in these areas, particularly in the context of group life and personal accident insurance.

Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the reinsurance industry and your passion for the role. Mention your experience with brokers and insurers, and how you can contribute to Oceanre's goals in Europe and the Middle East.

Highlight Relevant Certifications: If you have any professional certifications in insurance or reinsurance, be sure to mention them prominently in your application. This will demonstrate your commitment to the field and enhance your credibility as a candidate.

Showcase Your Communication Skills: Since the role requires excellent negotiation and communication skills, provide examples in your application that illustrate your ability to build relationships and present commercial proposals effectively. This could include past experiences where you successfully managed client relationships or led negotiations.

How to prepare for a job interview at Ocean International Reinsurance

✨Know Your Underwriting Fundamentals

Make sure you brush up on your underwriting principles, especially in group life and personal accident insurance. Be prepared to discuss specific cases or scenarios where you've successfully assessed risks and made decisions.

✨Demonstrate Business Development Skills

Since the role involves identifying new business opportunities, think of examples from your past experience where you've successfully built relationships with brokers or insurers. Highlight your proactive approach to business development during the interview.

✨Stay Updated on Market Trends

Research current trends in the reinsurance market, particularly in Europe and the Middle East. Being able to discuss recent regulatory changes or market shifts will show that you're engaged and knowledgeable about the industry.

✨Showcase Your Communication Skills

As this role requires excellent negotiation and communication skills, practice articulating your thoughts clearly and confidently. Prepare to discuss how you've managed client relationships and contract renewals in the past.

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