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- Tasks: Underwrite and manage SME Professional Indemnity risks while ensuring compliance and profitability.
- Company: Dynamic insurance firm focused on innovation and growth.
- Benefits: Competitive salary, 25 days holiday, hybrid working, and health insurance.
- Why this job: Join a vibrant team and make an impact in the insurance industry.
- Qualifications: Experience in underwriting and a professional insurance qualification is preferred.
- Other info: Enjoy a fun office culture with regular social events and career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
Our Commercial PI Underwriter will be responsible for underwriting, pricing, and managing a portfolio of SME Professional Indemnity risks in accordance with our underwriting strategy, appetite, and authority limits. This exciting new role will focus on delivering profitable growth through new business, renewals, and broker relationship management, while ensuring high standards of technical underwriting, service, and compliance.
What you'll get up to:
- Underwrite new business, renewals, and mid-term adjustments for SME Professional Indemnity as well as risks including Commercial Combined Property & Liability within delegated authority.
- Assess risk exposures, coverage requirements, and pricing adequacy using underwriting judgement, rating tools, and policy wordings.
- Ensure underwriting decisions align with underwriting guidelines, appetite, and regulatory requirements.
- Actively manage portfolio performance, including loss ratios, rate adequacy, retention, and growth targets.
- Identify emerging risks and trends within SME PI and feed insights into underwriting strategy.
- Provide clear, timely, and professional underwriting responses and technical guidance to brokers.
- Support business development initiatives, including broker meetings, presentations, and market engagement.
- Negotiate terms, conditions, and pricing within authority to secure profitable business.
- Ensure policy documentation, endorsements, and underwriting files are accurate, complete, and compliant.
- Work closely with Product, Operations, Claims, and Compliance teams to ensure seamless policy lifecycle management.
About you:
- Experience underwriting Commercial Professional Indemnity risks including Cyber & D&O within the UK SME market.
- Strong technical understanding of PI & Commercial combined coverages including wordings, exclusions, and common SME professions.
- Progress towards or completion of a professional insurance qualification (e.g. CII).
- Experience contributing to portfolio analysis, pricing reviews, or underwriting strategy.
- Good understanding of FCA regulation and the UK insurance market.
- Strong organisational skills with the ability to manage competing priorities.
In return, we offer you:
- A competitive salary and the ability to grow your career.
- 25 days holiday - so there's plenty of time for work, rest and play.
- Hybrid way of working for the perfect work / life balance.
- Vitality private health and dental insurance.
- Added benefits including competitive pension and salary sacrifice.
- Access to financial wellbeing platform Mintago.
- Full access to Spill, our mental health platform.
- Cycle to work scheme.
- Fun and modern office environment with regular team social events.
Commercial PI Underwriter in City of London employer: Superscript
Contact Detail:
Superscript Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial PI Underwriter in City of London
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend local insurance events. Building relationships can open doors to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by researching the company and its underwriting strategies. Show us you understand the market and can discuss trends in SME Professional Indemnity – it’ll impress the hiring managers!
✨Tip Number 3
Practice your negotiation skills! Whether it’s discussing terms with brokers or presenting your ideas, being confident and articulate will help you stand out as a candidate who can secure profitable business.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Commercial PI Underwriter in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Commercial PI Underwriter role. Highlight your experience with underwriting, pricing, and managing SME Professional Indemnity risks. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background fits with our underwriting strategy. Keep it professional but let your personality come through!
Showcase Relevant Experience: When filling out your application, be sure to showcase any relevant experience you have in underwriting Commercial Professional Indemnity risks. We love seeing candidates who understand the UK SME market and can bring that knowledge to our team.
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 the StudySmarter family!
How to prepare for a job interview at Superscript
✨Know Your Underwriting Stuff
Make sure you brush up on your knowledge of Commercial Professional Indemnity risks, especially within the UK SME market. Be ready to discuss specific coverages, exclusions, and how you would assess risk exposures. This will show that you’re not just familiar with the basics but have a solid grasp of the technical aspects.
✨Showcase Your Analytical Skills
Prepare to talk about your experience with portfolio analysis and pricing reviews. Think of examples where you've successfully managed loss ratios or contributed to underwriting strategy. This will demonstrate your ability to actively manage portfolio performance, which is key for this role.
✨Understand the Regulatory Landscape
Familiarise yourself with FCA regulations and how they impact the underwriting process. Being able to discuss compliance and regulatory requirements confidently will set you apart as a candidate who understands the importance of adhering to guidelines while making underwriting decisions.
✨Engage with Brokers
Since broker relationship management is crucial, think of ways you can demonstrate your communication skills. Prepare to discuss how you would provide clear and professional responses to brokers, and maybe even share past experiences where you’ve successfully negotiated terms or conditions.
