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- Tasks: Support underwriting processes and assist in managing marine insurance business.
- Company: Join Travelers, a leading property casualty insurer with over 170 years of experience.
- Benefits: Enjoy private medical insurance, generous holiday entitlement, and a wellness programme.
- Other info: Flexible hybrid work arrangements and opportunities for community involvement.
- Why this job: Kickstart your underwriting career in a collaborative and innovative environment.
- Qualifications: Experience in insurance and willingness to study for ACII qualification.
The predicted salary is between 30000 - 40000 £ per year.
Who Are We? Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration.
What Is the Opportunity? Are you ready to take the next step in your underwriting career? We have an exciting opportunity to join Travelers' UK Marine Trades book of business. We are looking for someone with some experience in an underwriting or broking role and has a solid understanding of insurance fundamentals. As an Assistant Underwriter, you'll be an essential part of this busy team; handling MTAs and renewals as well as supporting new business. You'll work alongside experienced underwriters to develop your technical expertise and commercial instincts, contributing directly to the profitability and growth of the book. Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy.
What Will You Do?
- Support the overall profitability, growth and retention of your assigned Line of Business and consistency of all related underwriting initiatives.
- Ensure that business is written in accordance with the Company's policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards.
- Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
- Assist the underwriters on a day to day basis to ensure a timely and professional service to clients.
- Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Company's underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
- May gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Previous experience working within insurance, ideally some experience in Marine products.
- Able to effectively share information and build team support.
- Able to communicate clearly.
- Able to develop effective working relationships internally and externally.
- Able to perform in a business professional manner with a positive attitude.
- Able to determine priorities and effectively schedule time.
- Able to ask for assistance in setting deadlines.
- Expected to either already be studying, or be willing to study towards ACII qualification.
What is a Must Have?
- Previous work experience in Insurance.
- Previous experience of Windows MS Office.
- Secondary level education or equivalent.
What Is in It for You?
- Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
- Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
- Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved.
Employment Practices: Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
Assistant Underwriter - UK Marine in London employer: The Travelers Indemnity Company
Contact Detail:
The Travelers Indemnity Company Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Underwriter - UK Marine in London
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working in marine underwriting. A friendly chat can lead to valuable insights and even job leads.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of marine products and underwriting principles. We want you to feel confident discussing your experience and how it aligns with Travelers' values.
✨Tip Number 3
Showcase your enthusiasm for the role! When you apply through our website, make sure to highlight your passion for underwriting and how you can contribute to the team’s success.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can leave a lasting impression and show that you're genuinely interested in the position. We love seeing candidates who take initiative!
We think you need these skills to ace Assistant Underwriter - UK Marine in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Assistant Underwriter role. Highlight any relevant experience in underwriting or broking, especially in Marine products. We want to see how your skills align with what we do!
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 you can contribute to our team. Remember, we love innovation and collaboration, so let that enthusiasm show!
Showcase Your Communication Skills: As an Assistant Underwriter, clear communication is key. In your application, demonstrate your ability to share information effectively and build relationships. We’re looking for someone who can connect with clients and colleagues alike!
Apply Through Our Website: We encourage you to apply through our website for a smooth application process. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role there!
How to prepare for a job interview at The Travelers Indemnity Company
✨Know Your Insurance Basics
Make sure you brush up on your insurance fundamentals, especially related to marine products. Understanding the key concepts will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Team Spirit
Since collaboration is key at Travelers, be prepared to discuss examples of how you've worked effectively in a team. Highlight your ability to build relationships with colleagues and clients, as this will resonate well with their culture.
✨Prepare for Technical Questions
Expect some technical questions related to underwriting processes and risk assessment. Practise articulating your thought process clearly, as this will demonstrate your analytical skills and understanding of the role.
✨Ask Insightful Questions
At the end of the interview, don’t shy away from asking questions about the company’s underwriting philosophy or the team dynamics. This shows your enthusiasm for the position and helps you gauge if it’s the right fit for you.