At a Glance
- Tasks: Underwrite and manage a diverse portfolio of Professional Indemnity risks.
- Company: Join a forward-thinking insurance company dedicated to making a difference.
- Benefits: Enjoy opportunities for growth, strong team culture, and exposure to international markets.
- Why this job: Shape the future of insurance while developing valuable skills in a dynamic environment.
- Qualifications: A reasonable standard of education and knowledge of general insurance principles required.
- Other info: Based in London, with a focus on building strong broker relationships.
The predicted salary is between 36000 - 60000 £ per year.
Underwriter – Professional Indemnity page is loaded
Underwriter – Professional Indemnity
Apply locations London, UK time type Full time posted on Posted 5 Days Ago job requisition id R2521820 INTL Underwriter I – UW08YY
We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.
We are seeking a dynamic and commercially astute Professional Indemnity Underwriter to join our London-based team. This role will focus on underwriting new and renewal PI business across a diverse portfolio, including Open Market and Delegated Authority risks, with exposure to both UK, International and US markets.
Job Responsibilities:
• Underwrite and manage a portfolio of Professional Indemnity risks in accordance with The Hartford’s underwriting guidelines and risk appetite.
• Evaluate submissions, conduct risk assessments, and determine appropriate pricing, terms, and conditions.
• Develop and maintain strong broker relationships, particularly within the Lloyd’s and London Market.
• Collaborate with internal stakeholders including claims, actuarial, and legal to ensure holistic risk evaluation.
• Contributes to the development of underwriting strategies and product innovation.
• Support the Head of Professional Indemnity in reviewing complex or non-standard risks.
• Maintain awareness of market trends, legal developments, and emerging risks affecting the PI landscape.
Qualifications & Capabilities:
• Reasonable standard of education
• Knowledge of general insurance and its underlying principles
• Willingness to continue to develop knowledge of Insurance and related issues through form and informal learning
• Ability to develop and sustain relationships with internal and external customers
• Ability to prioritise and organise workload
• Attention to detail
• Team player with ability to work on a stand-alone basis
• Flexible
• Experience of identifying and implementing better processes Excellent communication and negotiation skills.
Experience:
• Demonstrable experience within professional indemnity, ideally within the Lloyd’s or London Market.
• Strong technical knowledge of PI wordings, risk assessment, and pricing methodologies.
• Experience with both Open Market and Delegated Authority business (Binders, Line-slips).
• Dip CII or progress toward ACII preferred.
This role will be based in London, UK and you are required to have the necessary right to work details prior to application.
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Underwriter - Professional Indemnity employer: The Hartford
Contact Detail:
The Hartford Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Professional Indemnity
✨Tip Number 1
Familiarise yourself with the latest trends in Professional Indemnity insurance. Understanding current market conditions and emerging risks will not only help you in interviews but also demonstrate your commitment to staying informed in this dynamic field.
✨Tip Number 2
Network with professionals in the Lloyd's and London Market. Attend industry events or join relevant online forums to connect with underwriters and brokers. Building these relationships can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with both Open Market and Delegated Authority business. Be ready to share specific examples of how you've assessed risks and developed pricing strategies, as this will showcase your technical knowledge and practical skills.
✨Tip Number 4
Highlight your ability to collaborate with various stakeholders. Since the role involves working closely with claims, actuarial, and legal teams, demonstrating your teamwork skills and how you've successfully navigated cross-departmental projects will set you apart.
We think you need these skills to ace Underwriter - Professional Indemnity
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and qualifications required for the Underwriter - Professional Indemnity position. Tailor your application to highlight relevant experience and skills that align with the job description.
Craft a Strong CV: Your CV should clearly showcase your experience in professional indemnity underwriting, particularly within the Lloyd's or London Market. Emphasise your technical knowledge of PI wordings, risk assessment, and pricing methodologies.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Highlight your ability to develop relationships with brokers and internal stakeholders, as well as your commitment to continuous learning in the insurance field.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. Attention to detail is crucial in this role, so ensure your application reflects that quality.
How to prepare for a job interview at The Hartford
✨Know Your Underwriting Basics
Make sure you have a solid understanding of professional indemnity insurance and its principles. Brush up on key terms, risk assessment techniques, and pricing methodologies to demonstrate your technical knowledge during the interview.
✨Showcase Your Relationship-Building Skills
Since developing strong broker relationships is crucial for this role, be prepared to discuss your experience in building and maintaining professional relationships. Share specific examples of how you've successfully collaborated with brokers or internal stakeholders in the past.
✨Stay Updated on Market Trends
Familiarise yourself with current trends and emerging risks in the professional indemnity landscape. Being able to discuss recent developments will show your commitment to staying informed and your ability to adapt to changes in the market.
✨Demonstrate Attention to Detail
As an underwriter, attention to detail is key. Prepare to provide examples of how you've managed complex information or identified potential issues in previous roles. This will highlight your ability to evaluate submissions accurately and make informed decisions.