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- Tasks: Underwrite commercial policies, evaluate risks, and build strong broker relationships.
- Company: Dynamic insurance firm focused on profitable growth and innovation.
- Benefits: Competitive salary, 25 days holiday, hybrid working, and health insurance.
- Other info: Enjoy a fun office environment with regular social events.
- Why this job: Join a vibrant team and make an impact in the UK insurance market.
- Qualifications: Experience in UK commercial underwriting and strong communication skills.
The predicted salary is between 45000 - 55000 £ per year.
Are you a Commercial Underwriter focussed on delivering profitable growth, maintaining underwriting discipline, and building strong broker relationships? If so, let's connect!
About the role:
Our Commercial Underwriter will be responsible for managing commercial package policies, primarily across UK Property & Casualty classes, while supporting selective underwriting of Professional Indemnity risks. The role focuses on delivering profitable growth, maintaining underwriting discipline, and building strong broker relationships.
What you'll get up to:
- Underwrite new business, renewals, and mid-term adjustments within delegated authority.
- Evaluate risk across core P&C lines including, Property (material damage, business interruption) & Liability (employers, public, and products liability).
- Support underwriting of Professional Indemnity risks with guidance where required.
- Apply technical underwriting judgement to assess exposure, coverage, and pricing adequacy.
- Manage a defined book of package business to achieve profitability and growth targets.
- Monitor portfolio performance (loss ratios, retention, rate adequacy).
- Identify trends and take corrective underwriting actions.
- Build and maintain strong relationships with UK regional brokers.
- Support new business development through broker visits and presentations.
- Apply rating tools, underwriting guidelines, and market insight to price risks appropriately.
- Ensure policy wordings, endorsements, and coverage align with risk appetite.
- Contribute to wording enhancements, especially in P&C package products.
- Ensure underwriting decisions comply with internal authority levels and regulatory requirements (Financial Conduct Authority standards).
- Maintain accurate documentation and audit trails.
About you:
- Experience in UK commercial underwriting.
- Exposure to package policies or SME/mid-market business preferred.
- Experience in Professional Indemnity is desirable.
- Progress towards or completion of a professional insurance qualification (e.g. CII).
- Experience contributing to portfolio analysis, pricing reviews, or underwriting strategy.
- Demonstrable underwriting judgement with the ability to balance risk, pricing, and commercial considerations.
- Experience working with brokers and managing broker relationships.
- 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 our mental health platform.
- Cycle to work scheme.
- Fun and modern office environment with regular team social events.
- City of London location.
Commercial Underwriter in City of London employer: Superscript
Contact Detail:
Superscript Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Underwriter in City of London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend networking events, join online forums, and don’t be shy about reaching out to brokers or other underwriters on LinkedIn. Building those relationships can open doors to opportunities that aren’t even advertised.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience with P&C lines and Professional Indemnity. Share specific examples of how you've successfully managed risks and built broker relationships. We want to see your expertise shine!
✨Prepare for Interviews
Before any interview, do your homework! Understand the company’s portfolio and recent trends in the UK insurance market. Be ready to discuss how you can contribute to their growth and profitability. Confidence is key, so practice your pitch!
✨Apply Through Our Website
Don’t forget to check out our website for job openings! Applying directly through us not only shows your interest but also gives you a better chance of being noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Commercial Underwriter in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of a Commercial Underwriter. Highlight your experience with UK commercial P&C underwriting and any relevant qualifications, like CII. 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 underwriting and how you can contribute to profitable growth at StudySmarter. Don’t forget to mention your broker relationship-building skills!
Showcase Your Achievements: When detailing your experience, focus on specific achievements that demonstrate your underwriting discipline and ability to manage a profitable book of business. Numbers speak volumes, so include metrics where possible!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get to know you better. We can’t wait to hear from you!
How to prepare for a job interview at Superscript
✨Know Your Underwriting Basics
Make sure you brush up on your knowledge of UK commercial P&C underwriting. Be ready to discuss specific examples of how you've evaluated risks and made decisions in past roles. This will show that you have the technical grounding needed for the role.
✨Build Broker Relationships
Since building strong broker relationships is key, think of ways you've successfully managed these relationships in the past. Prepare to share anecdotes that highlight your communication skills and how you've supported brokers in achieving their goals.
✨Demonstrate Analytical Skills
Be prepared to talk about your experience with portfolio analysis and pricing reviews. Bring examples of how you've identified trends and taken corrective actions in your previous roles. This will demonstrate your ability to balance risk and reward effectively.
✨Understand FCA Regulations
Familiarise yourself with the Financial Conduct Authority standards and how they apply to underwriting. During the interview, be ready to discuss how you ensure compliance in your work, as this will show your commitment to maintaining high professional standards.