At a Glance
- Tasks: Lead the launch of innovative Life Science products and engage with industry partners.
- Company: Join Sompo, a global leader in insurance with a commitment to diversity.
- Benefits: Enjoy health benefits, retirement plans, and global parental leave.
- Other info: Collaborative work environment with opportunities for growth and inclusivity.
- Why this job: Make a real impact in the Life Science sector while developing your career.
- Qualifications: 8+ years of underwriting experience and strong negotiation skills required.
The predicted salary is between 58540 - 71548 £ per year.
Are you looking for your next opportunity? Sompo has a unique opportunity for a Senior Life Science Development Underwriter, UK for our Middle Market team. The Middle Market proposition offers comprehensive multi-line capabilities targeted at select industry verticals of real estate, hospitality, financial institutions, professional services, technology, and life science. We work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition. This role will focus specifically on the Life Science / Med Tech sector, building our product and proposition and working with our partner brokers in the UK.
Location: This position will be based out of our Manchester office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.
What you’ll be doing:
- Support the Head of Life Science in launching a Life Science product, focusing on Casualty, Property, Professional Indemnity and Cyber lines.
- Lead external engagement and business development within the Life Science sector.
- Prioritization and evaluation of new and renewal submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.
- Set appropriate terms and conditions per the Company underwriting strategy and guidelines to quote qualified risks.
- Attend client/broker meetings, lunches, dinners and other social outings as applicable.
- Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.
- Expand existing portfolio of business by developing existing relationships and new prospective clients.
- Supports our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture.
- Emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite.
- Conducts individual account underwriting audits as needed.
What you’ll bring:
- Cross class underwriting experience within the middle market space.
- Undergraduate, Insurance or advanced degree preferred.
- At least 8+ years of underwriting experience.
- 4+ experience within the Life Science sector.
- Established relationships with specialist Life Science brokers.
- Strong negotiation skills.
- Excellent communication (both written and verbal) skills.
Our Benefits
We continuously evaluate and update our benefit programs to ensure that our plans meet the needs of our employees and their dependents. Below are a few highlights of our inclusive benefit programs:
- Expansive Health & Wellness Benefits
- Generous Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
In today’s world, what do we stand for? We strive to create exceptional value for our clients and shareholders while maintaining Sompo as an attractive place to work. We foster an environment of ongoing, open dialogue between managers and their direct reports, and believe in an organizational environment where everyone belongs. We proudly are a multi-racial, multi-cultural, global enterprise. We reject all forms of racism, bigotry, prejudice and injustice and continue to invest in building out an inclusive and diverse work environment.
Sompo is an equal opportunity employer committed to a diverse workforce.
Summary Location: Manchester, United Kingdom; London, United Kingdom; Birmingham, United Kingdom Type: Full time
Life Science Development Underwriter employer: Sompo International
Sompo is an exceptional employer that prioritises collaboration and employee development within its London office. With a strong focus on health and wellness benefits, retirement plans, and professional growth opportunities, we create a supportive environment where employees can thrive in their careers while contributing to meaningful value for clients and communities. Our commitment to diversity and inclusion ensures that every team member feels respected and empowered to excel.
