At a Glance
- Tasks: Support underwriting processes and analyse risk exposures for (re)insurance portfolios.
- Company: Join a leading (re)insurance firm with a focus on innovation and growth.
- Benefits: Competitive salary, professional development, and opportunities for mentorship.
- Other info: Dynamic team environment with excellent career advancement opportunities.
- Why this job: Make an impact in the insurance industry while building strong client relationships.
- Qualifications: Two years' experience in broking or underwriting, with strong analytical and negotiation skills.
The predicted salary is between 45000 - 55000 € per year.
The Role
Reporting to the CUOs, the role is responsible for supporting the origination, administration and underwriting of a portfolio of (re)insurance portfolios. This includes analysis and maintenance of accurate (re)insurance submission data, policies, and records to safeguard Fidelis’s commercial interests.
Key Role Accountabilities
- Support the underwriting process through the evaluation and presentation of submissions, analysing and interpreting risk exposures and assisting in the determination of coverage structure and contract language.
- Develop and maintain strong broker and client relationships to support portfolio growth and underwriting objectives.
- Monitor market developments and maintain up-to-date knowledge of all relevant classes of business, including legislative and regulatory requirements.
- Maintain the accuracy, completeness and integrity of underwriting data across group underwriting systems.
- Prepare and issue accurate quotations in a timely manner, in line with underwriting objectives.
- Mentor and support junior members of the team in their professional development.
- Ensure adherence with internal policies and external underwriting regulations, engaging with brokers, clients, auditors and regulators as required.
- Support strategic initiatives as required to drive business growth.
Qualifications, Experience and Competencies
Experience: Minimum of two years’ experience in a broking or underwriting capacity within property/specialty (re)insurance lines, experience in other classes a plus.
Competencies:
- Stakeholder Management: Proven ability to establish and maintain strong broker and client relationships, and to independently lead meetings.
- Commercial Acumen: Proficient understanding of the International underwriting marketplace.
- Analytical Skills: Excellent analytical skills (testing may be required), with a working knowledge of existing broker and vendor Cat Models and the ability to interpret the outputs, perform analysis from first principles.
- Negotiation Skills: Proven negotiation skills, with the ability to attract new business and retain existing clients.
- Financial and Capital Awareness: Sound knowledge of capital and vendor models, with ability to interpret and apply outputs effectively.
Underwriter employer: Pelagos Insurance Capital (Fidelis Insurance Group)
Fidelis is an exceptional employer that fosters a collaborative and innovative work culture, particularly for Underwriters looking to thrive in the dynamic (re)insurance sector. With a strong emphasis on professional development, employees benefit from mentorship opportunities and the chance to build lasting relationships with brokers and clients, all while being part of a forward-thinking team dedicated to driving business growth. Located in a vibrant market, Fidelis offers a stimulating environment where your contributions directly impact the company's success.
Contact Detail:
Pelagos Insurance Capital (Fidelis Insurance Group) Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend events, and join relevant online groups. Building relationships can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Tailor your answers to show how your experience aligns with their needs, especially in underwriting and risk analysis.
✨Tip Number 3
Practice your negotiation skills! Role-play common scenarios you might face in the underwriting process. This will help you feel confident when discussing terms with brokers and clients.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can give you an edge over other candidates.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your experience in broking or underwriting, especially within property/specialty (re)insurance lines. We want to see how your skills match 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 team. Be sure to mention any relevant relationships you've built with brokers and clients.
Show Off Your Analytical Skills:Since 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 interpret risk exposures and make data-driven decisions!
Apply Through Our Website:Don't forget to apply 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 keen on joining our team at StudySmarter!
How to prepare for a job interview at Pelagos Insurance Capital (Fidelis Insurance Group)
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially in property and specialty (re)insurance lines. Be ready to discuss how you evaluate risk exposures and determine coverage structures, as this will show your understanding of the role.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical skills during the interview. You might be asked to interpret data or discuss how you've used Cat Models in the past. Practise explaining complex concepts in simple terms to show your depth of understanding.
✨Build Rapport with Interviewers
Since strong broker and client relationships are key, use the interview to showcase your interpersonal skills. Engage with your interviewers, ask questions about their experiences, and share relevant anecdotes that highlight your relationship-building abilities.
✨Stay Updated on Market Trends
Familiarise yourself with current market developments and regulatory requirements in the (re)insurance industry. Being able to discuss recent changes or trends will demonstrate your commitment to staying informed and your commercial acumen.
