Underwriting - Delegated Property in London

Underwriting - Delegated Property in London

London Full-Time 63000 - 77000 £ / year (est.) Home office (partial)
T

At a Glance

  • Tasks: Underwrite new and renewal business while optimising existing portfolios.
  • Company: Join a leading Specialty Insurer with a focus on innovation and growth.
  • Benefits: Competitive salary, dynamic work environment, and opportunities for professional development.
  • Other info: Flexible working arrangements and a commitment to employee success.
  • Why this job: Make a real impact in the insurance industry with creative solutions and strong team collaboration.
  • Qualifications: 5+ years in insurance, strong technical knowledge, and excellent communication skills.

The predicted salary is between 63000 - 77000 £ per year.

Reporting to: Deputy Head Underwriter

Position Type: Permanent

Overview:

Why Tokio Marine HCC? Standing still is not an option in the current world of Insurance. TMHCC are one of the world's leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.

Job Purpose:

To enable the Delegated Property team to service and continually optimise the existing portfolio of business, as well as create new business opportunities and develop the reputation and relationships in the insurance markets. In this evolving business environment, the underwriter should be self-driven and motivated as well as flexible in terms of working arrangements as the role may involve a combination of time spent at Lloyd's, in the office, travelling and working remotely.

Key Responsibilities:

  • To underwrite renewal and new business both at Lloyd's and through the Company always in accordance with the Business Plan.
  • To work collaboratively with the Unit Head, Deputy Unit Head and other Senior Underwriters to evolve the team’s strategy and develop an annual business plan.
  • To liaise with pricing actuaries in ad hoc pricing of risk, and the development and maintenance of various pricing tools, including but not limited to Vipr and Power BI.
  • To collate the Departments MI using a suite of products including Power BI.
  • To promote the reputation and brand of the team and company through travel, new product development and identifying marketing opportunities.
  • To establish, maintain and grow a broker network in the London Market and beyond.
  • To identify and research new product opportunities and also progressive technology that will further our business and appreciation of risk.
  • To ensure underwriting files are maintained in good order.

Skills and Experience Specification:

  • An experienced Underwriter with a good reputation, sound technical underwriting knowledge and strong contacts across the London Market.
  • Highly 'tech savvy' with an interest in harnessing systems to streamline processes.
  • Ideally a minimum 5 years in the insurance industry.
  • Proficiency in Microsoft Office products - Outlook, Excel, Word, Access, PowerPoint, Power BI.
  • Electronic Trading.
  • Strong written and verbal communication skills.
  • Strong numerical and statistical skills and high level of attention to detail.
  • Good understanding of legal concepts and confidence to apply them.
  • Solid negotiating skills and decision-making ability.
  • Good relationship building skills with a willingness to develop new and existing business relationships (both internally and externally of the business).
  • Collaborative team player.
  • Motivated towards self-development and enjoys assisting in the development of colleagues.

What We Offer:

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of companies is an equal opportunity employer. Your success is our priority. In a world that is rapidly changing, TMHCC enables you to take on opportunities with confidence. At Tokio Marine HCC, we pride ourselves on hiring the smartest, most conscientious people, who want to make a difference no matter their background. And then we give them the support and trust they need. We're always looking for curious, creative transformative thinkers who want to change the status quo and have a passion for doing the right thing. If this is you, then we want you on our team.

Underwriting - Delegated Property in London employer: Tokio Marine HCC International

Tokio Marine HCC is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration within the Treaty Reinsurance Operations team. With a commitment to employee growth and a competitive benefits package, employees are empowered to contribute creatively while working alongside industry experts in a supportive culture. Located in the heart of London, this role provides unique opportunities to engage with cutting-edge technology and enhance your skills in a rapidly evolving sector.

T

Contact Details:

Tokio Marine HCC International Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Underwriting - Delegated Property in London

Dive Into Industry Networking Events

Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.

Use LinkedIn to Your Advantage

Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Tokio Marine HCC International). A thoughtful message explaining your interest can really make a difference!

Look Out for Graduate Schemes

Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.

Leverage Your Current Connections

Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Tokio Marine HCC International. Don’t shy away from asking for a coffee chat; you never know what doors it might open!

We think you need these skills to ace Underwriting - Delegated Property in London

Underwriting Knowledge
Technical Underwriting Skills
Relationship Building
Negotiation Skills
Decision-Making Ability
Attention to Detail
Microsoft Office Proficiency

Some tips for your application 🫡

Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.

Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.

Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Tokio Marine HCC International.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Tokio Marine HCC International. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.

How to prepare for a job interview at Tokio Marine HCC International

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Tokio Marine HCC International to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

Showcase Your Analytical Side

In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!

Prepare for Behavioural Questions

As a full-timer at Tokio Marine HCC International, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.

Know the Company Culture Inside Out

Understanding Tokio Marine HCC International's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.