At a Glance
- Tasks: Underwrite airline insurance and build strong broker relationships for new business opportunities.
- Company: Join Starr Insurance, a global leader in insurance with a rich history since 1919.
- Benefits: Enjoy competitive salary, inclusive culture, and top-notch training for career growth.
- Why this job: Make an impact in a fast-growing industry while developing your skills and expertise.
- Qualifications: Knowledge of airline insurance and strong analytical skills are essential.
- Other info: Dynamic work environment with opportunities for global travel and professional development.
The predicted salary is between 36000 - 60000 £ per year.
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Roles and Responsibilities
- Underwrite profitable business for all sub lines of Airline Insurance in accordance with business plans.
- Develop broker relationships and optimise opportunities for new business.
- Explore client and company knowledge to identify and optimise cross-selling opportunities.
- Global Business travel to service existing and prospective client base.
- Ongoing engagement with brokers in order to preserve existing business and follow up on outstanding quotations.
- Adhere to all Starr underwriting standards as outlined in the Underwriting Manual.
- Obtain sign-off for all business that is in excess of agreed authority levels or where any factor falls below rating guidelines.
- Ensure that underwriting documentation, both paper and electronic, is accurate, complete, up-to-date and meets company standards.
- Ensure that the policy wordings and clauses are slip referenced and agreed.
- Ensure that all accounts are contract certain at the time of binding.
- Reconcile and report all premiums due versus received in order to manage credit control.
- Ensure that the file is complete and contains all relevant documents.
- Obtain any outstanding items from the broker or underwriter in readiness for Peer Review.
- Provide technical training to newly joining or less experienced members of the team.
- Delegate tasks for development purposes and provide appropriate support and supervision.
- Ensure that all accounts are contract certain.
Experience
- Good knowledge of class of business.
- Knowledge of Lloyd’s and London Market processing arrangements for premiums and claims.
- Up-to-date knowledge of claims to inform future underwriting decisions.
- Understanding of Business Plan.
Skills
- Analytical and problem solving skills.
- Negotiation, judgment and decision making skills.
- Strong numeracy skills.
- Professional business writing and presentation skills.
- Strong communicator, both written and oral.
- Technical coaching.
- Business development.
- Report writing.
Systems & IT
- Eclipse.
- Salesforce.
- MS Office – Excel, Access, Word and Outlook.
Qualifications
- Ongoing ACII accreditation.
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Airline Underwriter in City of London employer: Starr Insurance Companies
Contact Detail:
Starr Insurance Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Airline Underwriter in City of London
✨Network Like a Pro
Get out there and connect with people in the airline insurance industry. Attend events, join online forums, and don’t be shy about reaching out to potential brokers or colleagues on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with someone from Starr or any other company, make sure to highlight your analytical skills and problem-solving abilities. Share specific examples of how you've tackled challenges in the past – it’ll make you stand out!
✨Be Ready for the Interview
Prepare for interviews by brushing up on your knowledge of the Lloyd’s and London Market. Be ready to discuss how you would approach underwriting and managing broker relationships. The more informed you are, the more confident you'll feel!
✨Apply Through Our Website
Don’t forget to apply directly through the Starr Insurance Companies website! It shows you're genuinely interested and gives you a better chance of being noticed. Plus, we love seeing candidates who take that extra step.
We think you need these skills to ace Airline Underwriter in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Airline Underwriter role. Highlight relevant experience and skills that match the job description, like your knowledge of the insurance industry and any analytical skills you possess.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a perfect fit for Starr Insurance Companies. Don’t forget to mention your understanding of the business plan and underwriting standards.
Showcase Your Communication Skills: Since strong communication is key in this role, make sure your written application reflects that. Use clear, professional language and structure your documents well. This will demonstrate your ability to communicate effectively, both in writing and verbally.
Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s straightforward and ensures your application goes directly to us. Plus, you’ll find all the info you need about the role and our company!
How to prepare for a job interview at Starr Insurance Companies
✨Know Your Stuff
Make sure you brush up on your knowledge of airline insurance and the specific sub-lines you'll be underwriting. Familiarise yourself with the Lloyd’s and London Market processing arrangements, as well as any recent trends in claims that could impact your decisions.
✨Build Rapport with Brokers
Since developing broker relationships is key, think about how you can demonstrate your interpersonal skills during the interview. Prepare examples of how you've successfully built relationships in the past and be ready to discuss how you would approach new brokers.
✨Showcase Your Analytical Skills
Be prepared to discuss your analytical and problem-solving skills. You might be asked to solve a hypothetical underwriting scenario, so practice articulating your thought process clearly and logically.
✨Demonstrate Your Communication Skills
As a strong communicator, you’ll need to showcase your professional business writing and presentation skills. Consider preparing a brief presentation on a relevant topic or summarising your experience in a way that highlights your ability to convey complex information simply.