At a Glance
- Tasks: Evaluate insurance applications and conduct detailed risk analysis to determine pricing.
- Company: Touchstone Underwriting, a specialist MGA with a focus on quality and strong broker relationships.
- Benefits: 25 days holiday, additional holiday purchase scheme, income protection, and CII membership support.
- Other info: Opportunity for career growth and professional development in a supportive culture.
- Why this job: Join a dynamic team and make impactful underwriting decisions in a fast-paced environment.
- Qualifications: 2-5 years of underwriting experience in property, commercial, or casualty sectors.
The predicted salary is between 36000 - 60000 £ per year.
Touchstone Underwriting is a specialist MGA delivering high quality underwriting solutions to the UK insurance market. We pride ourselves on strong broker relationships, technical underwriting expertise, and a pragmatic, service-led approach. As part of our continued growth, we are seeking an experienced Underwriter to join our underwriting team.
As an Underwriter you will be instrumental in delivering profitable growth using your extensive technical expertise and underwriting experience. You will lead the assessment and pricing of complex risks, act as a senior referral point for Underwriters and support the development of underwriting strategy and product innovation. Your role involves cultivating strong broker relationships ensuring underwriting discipline and governance standards are upheld. You will contribute to market insight, opportunity identification and pipeline growth, helping to shape the MGA’s trading direction and drive profitable outcomes.
This position suits a commercially astute and technically proficient underwriter who thrives in a fast-paced, relationship-driven environment and is passionate about delivering high-quality underwriting results.
Key Responsibilities- Evaluate insurance applications, policy wordings, financials and supporting documents.
- Conduct detailed risk analysis to determine acceptability and pricing.
- Calculate premiums based on exposure, sector-specific risks and underwriting costs.
- Ensure adherence to underwriting guidelines and regulatory requirements.
- Quote and bind policies within delegated authority, referring upwards when necessary.
- Build and maintain strong productive relationships with brokers.
- Provide responsive service and expert guidance to meet broker needs.
- Identify trends and opportunities for cross-selling and portfolio growth.
- Promote consistent underwriting practices aligned with capacity Binder Authority agreements and internal standards.
- Ensure compliance with the FCA regulations.
- Support the Compliance Team to meet internal and external audit requirements.
- Maintain strong knowledge of governance, compliance and delegated authority protocols.
- Maintain accurate documentation for audit and compliance.
- Minimum 2–5 years in underwriting within the following sectors (property, commercial and/or casualty).
- Proficiency in risk and hazard identification, assessment and claims analysis.
- Ability to rate risks, identify referrals and understand risk appetite and acceptance criteria.
- Experience using underwriting software and tools.
- Strong understanding of financial statements and credit analysis.
- In-depth knowledge of the products being underwritten (e.g. property, commercial and/or casualty).
- Proven ability to make sound underwriting decisions within delegated authority and record evidence of such.
- Experience in evaluating complex cases and applying judgment to balance risk and profitability.
- Knowledge of relevant regulations (e.g., FCA guidelines in the UK, GDPR for data handling).
- Experience ensuring adherence to internal and external compliance standards.
- 25 days holiday
- Additional Holiday Purchase Scheme
- 24 Hour GP Service
- Income Protection Insurance
- Death in Service
- Anniversary Recognition
- CII Membership/Support
- Terry Berry Membership
Locations
Underwriter in Cheshire, Warrington employer: Touchstone Underwriting
At Touchstone Underwriting, we are committed to fostering a dynamic and supportive work environment where our Underwriters can thrive. With a focus on professional development, we offer extensive training opportunities and a culture that values strong broker relationships and technical expertise. Our competitive benefits package, including 25 days of holiday and additional support for professional qualifications, ensures that our employees feel valued and empowered to drive profitable growth in the UK insurance market.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter in Cheshire, Warrington
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with brokers. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and recent market trends. We want you to showcase your expertise in risk assessment and pricing, so be ready to discuss real-life scenarios.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team at Touchstone Underwriting.
We think you need these skills to ace Underwriter in Cheshire, Warrington
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your experience in evaluating insurance applications and your technical expertise in risk assessment. We want to see how your skills align with what we do at Touchstone Underwriting!
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 our team. Don’t forget to mention your experience with broker relationships and compliance standards, as these are key for us.
Showcase Your Achievements:When detailing your past roles, focus on specific achievements that demonstrate your ability to drive profitable growth and manage complex risks. We love seeing quantifiable results, so if you’ve improved processes or increased profitability, shout about it!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Touchstone Underwriting!
How to prepare for a job interview at Touchstone Underwriting
✨Know Your Underwriting Stuff
Make sure you brush up on your technical underwriting knowledge before the interview. Be ready to discuss your experience with risk assessment, pricing strategies, and how you've handled complex cases in the past. This will show that you’re not just familiar with the basics but can also dive deep into the specifics.
✨Build a Broker Relationship Mindset
Since strong broker relationships are key for this role, think about examples from your past where you’ve successfully built and maintained these connections. Be prepared to share how you’ve provided exceptional service and guidance to brokers, as this will highlight your relationship-driven approach.
✨Showcase Your Compliance Knowledge
Familiarise yourself with FCA regulations and compliance standards relevant to underwriting. During the interview, demonstrate your understanding of these guidelines and how you’ve ensured adherence in your previous roles. This will reassure them that you can maintain high governance standards.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your decision-making skills in underwriting. Think through potential risks and how you would evaluate them. Practising these scenarios will help you articulate your thought process clearly and confidently during the interview.
