At a Glance
- Tasks: Support the underwriting team in assessing insurance risks and making informed decisions.
- Company: Join Petcover Group, a global leader in insurance across multiple regions.
- Benefits: Enjoy 25 days of leave, healthcare plans, and a casual dress code.
- Other info: Collaborative environment with opportunities for growth and learning.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: 1-2 years of commercial underwriting experience; pet insurance knowledge is a plus.
The predicted salary is between 28000 - 30000 € per year.
Petcover Group is a global insurance agency, providing both personal and commercial insurance across the UK, EU, Australia and New Zealand. This role plays a key part in supporting the underwriting team in assessing commercial and personal insurance risks to protect the insurer, reduce exposure, and contribute to the profitable performance of our product portfolio.
Responsibilities and Activities
- Prioritise and process underwriting referrals in line with SLA requirements, ensuring timely and accurate decision-making.
- Review proposal forms, financials, risk surveys, claims histories and other relevant documentation to identify exposures and ensure appropriate cover is offered.
- Evaluate claims activity to determine its effect on renewal terms, pricing, and risk appetite.
- Make underwriting decisions in accordance with agreed authority levels and escalate cases outside guidelines.
- Review risks falling outside standard underwriting criteria, determining whether cover can be offered and at what terms, conditions, or pricing.
- Assess previously applied endorsements or exclusions to confirm whether they remain appropriate for the risk.
- Help sales and customer service teams explain underwriting decisions clearly and professionally to brokers or customers.
- Identify opportunities to refine product wordings, terms, and underwriting processes to reduce exposure and enhance profitability.
- Collaborate effectively with colleagues across underwriting, sales, claims, and operations.
- Adhere to company policies, underwriting guidelines, and regulatory requirements.
- Undertake regular learning and development in line with company and FCA expectations.
- Provide administrative and analytical support as required.
Required Skills
- 1-2 years of commercial underwriting experience.
- Experience in pet insurance is beneficial but not essential.
- Ability to analyse information, identify exposures, and make sound recommendations.
- A natural inclination to question, probe, and understand risk drivers.
- Accuracy in reviewing documents, data, and underwriting outputs.
- Clear and confident verbal and written communication, including explaining technical decisions.
- Ability to manage multiple referrals and deadlines effectively.
- Comfortable using underwriting platforms and keen to learn new systems.
- Including GCSE (or equivalent) in English and Maths.
- A commitment to delivering excellent service to brokers and customers.
- A willingness to take initiative and support the wider team.
Benefits
- 25 days of annual leave
- Company paid sick time
- Healthcare cash plan
- Enhanced pension match, including salary sacrifice option
- Life insurance
- Casual dress
- Free parking
- Referral programme
Underwriter in Haywards Heath employer: Petcover
Petcover Group is an exceptional employer that values its employees by offering a supportive work culture and numerous growth opportunities within the insurance sector. With competitive benefits such as 25 days of annual leave, a healthcare cash plan, and enhanced pension contributions, employees are encouraged to thrive both personally and professionally in a collaborative environment. Located in a dynamic industry, this role as an Underwriter not only provides meaningful work but also the chance to contribute to a global leader in insurance.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter in Haywards Heath
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working in underwriting. Attend events or join online forums where you can connect with potential colleagues and learn about job openings.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of underwriting processes and risk assessment. Be ready to discuss how you would handle specific scenarios related to commercial and personal insurance risks.
✨Tip Number 3
Showcase your analytical skills! During interviews, highlight examples where you've successfully identified exposures and made sound recommendations. This will demonstrate your ability to contribute to the profitable performance of the product portfolio.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our company.
We think you need these skills to ace Underwriter in Haywards Heath
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your commercial underwriting experience and any relevant skills that match the job description. We want to see how you can contribute to our team!
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 your experience aligns with our needs. Keep it professional but let your personality come through.
Showcase Your Analytical Skills:Since this role involves assessing risks and making decisions, be sure to highlight your analytical abilities in your application. Share examples of how you've successfully evaluated information in past roles.
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people!
How to prepare for a job interview at Petcover
✨Know Your Underwriting Basics
Before the interview, brush up on your underwriting knowledge, especially around commercial and personal insurance. Familiarise yourself with common risks and exposures in the industry, as well as the specific requirements of the role at Petcover Group.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle specific underwriting scenarios. Think through examples from your past experience where you assessed risks or made decisions under pressure. Be ready to explain your thought process clearly.
✨Showcase Your Analytical Skills
Since the role requires strong analytical abilities, prepare to discuss how you've used data to make informed decisions in previous roles. Bring examples of how you've identified exposures and recommended solutions, as this will demonstrate your fit for the position.
✨Communicate Clearly and Confidently
Practice explaining complex underwriting concepts in simple terms. The ability to communicate effectively with brokers and customers is crucial, so be prepared to showcase your verbal and written communication skills during the interview.
