At a Glance
- Tasks: Evaluate insurance applications and conduct detailed risk analysis to determine pricing.
- Company: Touchstone Underwriting, a specialist MGA in the UK insurance market.
- Benefits: 25 days holiday, income protection, and professional development support.
- Other info: Opportunity for career growth and recognition within 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 and strong analytical skills.
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.
The Role
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.
Your Profile
- 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.
What We Offer
- 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 Hampshire, Portsmouth employer: Touchstone Underwriting
Touchstone Underwriting is an exceptional employer that fosters a dynamic and collaborative work environment, where your expertise as an Underwriter will be valued and nurtured. With a strong emphasis on professional development, we offer comprehensive benefits including 25 days of holiday, income protection insurance, and support for CII membership, ensuring you have the resources to thrive in your career. Located in the heart of the UK insurance market, our culture prioritises strong broker relationships and innovative underwriting solutions, making it a rewarding place to contribute to meaningful growth.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter in Hampshire, Portsmouth
✨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 understanding of underwriting principles. We want you to showcase your expertise and how it aligns with our service-led approach.
✨Tip Number 3
Don’t just apply; engage! When you submit your application through our website, follow up with a quick email or LinkedIn message to express your enthusiasm. It shows initiative and keeps you on our radar.
✨Tip Number 4
Stay updated on market trends and regulatory changes. Being knowledgeable about the latest in the insurance sector will not only help you in interviews but also demonstrate your commitment to the role.
We think you need these skills to ace Underwriter in Hampshire, Portsmouth
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 numbers, so if you can quantify your successes, even better!
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. Familiarise yourself with the specific sectors mentioned in the job description, like property and casualty. Be ready to discuss your experience with risk assessment and pricing, as well as any complex cases you've handled.
✨Build a Broker Relationship Mindset
Since strong broker relationships are key for this role, think about how you can demonstrate your relationship-building skills. Prepare examples of how you've successfully collaborated with brokers in the past and how you’ve provided them with expert guidance.
✨Showcase Your Compliance Knowledge
Understanding regulations is crucial for an Underwriter. Brush up on FCA guidelines and compliance standards relevant to the role. Be prepared to discuss how you've ensured adherence to these regulations in your previous positions.
✨Prepare for Scenario Questions
Expect scenario-based questions that test your decision-making skills. Think about how you would evaluate a complex risk or handle a situation where you need to balance risk and profitability. Practising these scenarios will help you articulate your thought process during the interview.
