Commercial Insurance Underwriter

Commercial Insurance Underwriter

City of London Full-Time 43200 - 72000 Β£ / year (est.) No home office possible
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At a Glance

  • Tasks: Underwrite and manage a diverse portfolio of (re)insurance business with analytical precision.
  • Company: Join Fidelis Partnership, a leader in bespoke insurance solutions across various specialty lines.
  • Benefits: Enjoy a collaborative culture that values diversity, with opportunities for career progression and fair rewards.
  • Why this job: Be part of a dynamic team that embraces innovation and inclusivity while making a real impact.
  • Qualifications: Strong analytical skills and knowledge of pricing models; experience in insurance is a plus.
  • Other info: Work in a supportive environment that prioritises diversity, equality, and inclusion.

The predicted salary is between 43200 - 72000 Β£ per year.

The Fidelis Partnership is a leading specialty, bespoke and (re)insurance business. The primary focus of this role is originating, modelling, administering, and underwriting a portfolio of (re)insurance business. This includes analysing and maintaining the accuracy of all (re)insurance submission data, policies, and records with the ultimate goal of ensuring that Fidelis’ interests are properly managed and protected.

Key responsibilities include:

  • Participate in the underwriting process, evaluation, and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language.
  • Working cross class, including Airline, Hull War, Contingent All Risks, Contingent War, Aerospace & General Aviation.
  • Assist and work with risk modeling and pricing tools.
  • Monitor market developments and remain current regarding knowledge of all relevant classes of business, and legislated and regulatory changes/requirements.
  • Ensure accuracy and integrity of underwriting data in group underwriting systems.
  • Establish networks and maintain strong existing relationships with brokers and clients, with the ability to independently manage meetings.
  • Exhibit excellent analytical skills, with a working knowledge of and ability to interpret the outputs of pricing models, and the statistical skills necessary to perform analyses on first principles.

Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership successes. This will be driven by a workforce that embraces Diversity and Inclusion at every level, in every department across The Fidelis Partnership.

Commercial Insurance Underwriter employer: The Fidelis Partnership

The Fidelis Partnership is an exceptional employer that champions a diverse and inclusive work culture, ensuring that every employee's unique background and perspective are valued. With a strong focus on professional growth, employees in the Commercial Insurance Underwriter role benefit from comprehensive training and development opportunities, alongside the chance to engage with a wide range of specialty insurance lines. Located in a dynamic environment, Fidelis offers a collaborative atmosphere where teamwork and innovation thrive, making it an ideal place for those seeking meaningful and rewarding careers in (re)insurance.
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Contact Detail:

The Fidelis Partnership Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land Commercial Insurance Underwriter

✨Tip Number 1

Familiarise yourself with the specific lines of business that Fidelis focuses on, such as aviation, marine, and property. Understanding these areas will not only help you in interviews but also demonstrate your genuine interest in the role.

✨Tip Number 2

Network with professionals in the insurance industry, especially those who work in specialty and reinsurance sectors. Building relationships with brokers and clients can give you insights into the market and potentially lead to referrals.

✨Tip Number 3

Stay updated on current market trends and regulatory changes affecting the insurance industry. This knowledge will be crucial during discussions and will show that you are proactive and well-informed.

✨Tip Number 4

Develop your analytical skills further, particularly in relation to pricing models and statistical analysis. Being able to interpret data effectively will set you apart from other candidates and is essential for the underwriting process.

We think you need these skills to ace Commercial Insurance Underwriter

Commercial Insurance Knowledge
Underwriting Skills
Risk Assessment
Data Analysis
Statistical Modelling
Attention to Detail
Regulatory Knowledge
Market Research
Communication Skills
Relationship Management
Negotiation Skills
Analytical Skills
Pricing Model Interpretation
Cross-Class Underwriting Experience
Team Collaboration

Some tips for your application 🫑

Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of a Commercial Insurance Underwriter. Familiarise yourself with the specific areas of specialty insurance mentioned in the job description, such as aviation, marine, and property.

Tailor Your CV: Craft your CV to highlight relevant experience and skills that align with the job requirements. Emphasise your analytical skills, knowledge of underwriting processes, and any experience with risk modelling or pricing tools.

Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background and values align with The Fidelis Partnership's commitment to diversity, equality, and inclusion.

Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is accurate and clearly presented.

How to prepare for a job interview at The Fidelis Partnership

✨Understand the Role Thoroughly

Before the interview, make sure you have a solid grasp of what a Commercial Insurance Underwriter does. Familiarise yourself with the specific lines of insurance mentioned in the job description, such as aviation, marine, and property. This will help you speak confidently about how your skills align with the role.

✨Showcase Your Analytical Skills

Given the emphasis on analytical skills in this position, be prepared to discuss your experience with data analysis and risk modelling. Bring examples of how you've used statistical tools or pricing models in previous roles to demonstrate your capability in this area.

✨Highlight Your Networking Abilities

The role requires strong relationships with brokers and clients. Be ready to share examples of how you've successfully built and maintained professional relationships in the past. This could include specific instances where your networking led to successful outcomes.

✨Emphasise Diversity and Inclusion

Fidelis values diversity and inclusion, so it’s important to express your understanding of these principles. Share your thoughts on how diverse perspectives can enhance decision-making in underwriting and how you’ve contributed to an inclusive workplace in your previous roles.

Commercial Insurance Underwriter
The Fidelis Partnership
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