Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Underwrite and assess risks while building strong broker relationships.
- Company: Join Pen Underwriting UK, a leader in professional indemnity insurance.
- Benefits: Enjoy 25+ days holiday, health plans, and discounted gym memberships.
- Why this job: Make an impact in a collaborative environment with growth opportunities.
- Qualifications: Some underwriting experience in professional indemnity is required.
- Other info: We value diversity and offer a supportive workplace for all.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Join to apply for the Professional Indemnity Underwriter role at Pen Underwriting UK.
As a PI Underwriter within Manchester Underwriting Management, a division of Pen Underwriting, you will be responsible for contributing to the sustainable growth of the Professional Indemnity book by delivering profitable premium and conversion growth across the business and by developing and implementing the underwriting strategy. You will help drive the strategic planning/direction of the business and its products, interact and collaborate with colleagues internally, and build relationships with new brokers as well as maintain and improve existing broker relationships and partner insurers.
How You\\\’ll Make An Impact
- Underwrite and assess risk adhering to the underwriting philosophy, rules and guidelines, use of rating tools and pricing methodologies and documentation standards to maximise business growth and profitability.
- Actively participate in seeking new business opportunities within existing relationships and within the wider insurance market.
- Engage with brokers in servicing and renewal of the existing book that supports underwriting strategy, consistent with business growth and target loss ratio.
- Take underwriting referrals, provide expert underwriting guidance, coaching and mentoring to less experienced underwriters to build product-specific knowledge and sales skills while ensuring profitability and sustainability of the portfolio.
- Develop and maintain strong broker relationships across regions and contribute to writing a sustainable portfolio of professional indemnity business.
- Collaborate with cross-functional teams to optimise processes and enhance overall efficiency.
- Participate in regularly scheduled strategy, sales and underwriting meetings.
- Analyse market trends, competitor activities, and regulatory changes to identify opportunities and threats.
- Perform other duties and projects as assigned.
About You
- Some experience of underwriting in professional indemnity required.
- Working knowledge of the local insurance marketplace. Demonstrates an ability and desire to learn about the enterprise and business unit critical business issues and financial drivers.
- General knowledge of organisational and regulatory rules, policies and procedures and effectively employs that knowledge in day-to-day work activities.
- Demonstrates basic ability in the areas of customer focus and positive broker interaction.
- Basic analytical thinking/financial acumen. Identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making.
Compensation And Benefits
On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. Minimum core benefits you’ll get (may vary by job level):
- Minimum of 25 days holiday, plus bank holidays, with option to buy extra days
- Defined contribution pension scheme with employer contribution
- Life insurance, 4x basic salary, up to 10x
- Income protection, up to 50% of your annual income with top-up options
- Health cash plan or private medical insurance
Other benefits include:
- Three fully paid volunteering days per year
- Employee Stock Purchase plan, offering company shares at a discount
- Share incentive plan (HMRC approved)
- Critical illness cover
- Discounted gym membership at over 3,000 gyms
- Season ticket loan
- Access to a discounted voucher portal for shopping
- Emergency back-up family care
- And many more…
Inclusion And Diversity
Inclusion and diversity (I&D) is a core part of our business. Gallagher embraces employees’ diverse identities, experiences and talents, helping us better serve clients and communities. We are committed to sustainability and to supporting the communities where we live and work. We are Disability Confident Committed, and we strive for an inclusive recruitment process and workplace.
If you require reasonable adjustments to your application, please contact TAGlobalSupport@ajg.com. If you’d prefer to speak by phone, request a call back with details so we can get in touch.
Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer. We are committed to equal employment opportunity and prohibit discrimination based on protected characteristics by applicable laws. Reasonable accommodations may be provided to known limitations of an otherwise qualified person with a disability.
Seniority level
- Not Applicable
Employment type
- Full-time
Job function
- Finance and Sales
- Industries
Referrals increase your chances of interviewing at Pen Underwriting UK. Get notified about new Underwriter jobs in Perth, Scotland, United Kingdom.
#J-18808-Ljbffr
Professional Indemnity Underwriter employer: Pen Underwriting UK
Contact Detail:
Pen Underwriting UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Professional Indemnity Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in professional indemnity insurance. Understanding current market dynamics and competitor strategies will help you engage more effectively with brokers and demonstrate your expertise during discussions.
✨Tip Number 2
Network within the insurance industry, especially with professionals who have experience in professional indemnity underwriting. Attend relevant events or webinars to build connections that could lead to valuable insights and potential job referrals.
✨Tip Number 3
Brush up on your analytical skills, as they are crucial for assessing risks and making informed decisions. Consider taking a short course or workshop focused on financial analysis or risk assessment to enhance your capabilities.
✨Tip Number 4
Prepare to discuss your previous underwriting experiences in detail. Be ready to share specific examples of how you've successfully managed broker relationships or contributed to business growth, as this will showcase your suitability for the role.
We think you need these skills to ace Professional Indemnity Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in professional indemnity underwriting. Focus on specific achievements and skills that align with the job description, such as risk assessment and broker relationship management.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention how your background and skills can contribute to the sustainable growth of the Professional Indemnity book at Pen Underwriting UK.
Highlight Analytical Skills: Since the role requires basic analytical thinking and financial acumen, provide examples in your application that demonstrate your ability to analyse market trends and make informed decisions based on data.
Showcase Collaboration Experience: Emphasise any past experiences where you collaborated with cross-functional teams or built strong relationships with brokers. This will show your ability to work effectively within a team and enhance overall efficiency.
How to prepare for a job interview at Pen Underwriting UK
✨Know Your Underwriting Basics
Make sure you brush up on your knowledge of professional indemnity underwriting. Understand the key principles, risk assessment techniques, and the specific guidelines that govern the role. This will help you demonstrate your expertise and confidence during the interview.
✨Showcase Your Analytical Skills
Be prepared to discuss how you analyse market trends and competitor activities. Highlight any past experiences where your analytical thinking led to successful decision-making or identifying new business opportunities. This will show your potential employer that you can contribute to their strategic goals.
✨Emphasise Relationship Building
Since the role involves maintaining and developing broker relationships, be ready to share examples of how you've successfully built and nurtured professional relationships in the past. This could include specific strategies you used to engage with brokers or how you resolved conflicts.
✨Prepare Questions About Their Strategy
Demonstrate your interest in the company by preparing thoughtful questions about their underwriting strategy and growth plans. This shows that you are not only interested in the role but also invested in the company's future, which can set you apart from other candidates.