Associate Underwriter - Professional Risks

Associate Underwriter - Professional Risks

Full-Time 63000 - 77000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Underwrite and assess risks while managing broker-assigned accounts for business growth.
  • Company: Join Travelers, a leading property casualty insurer with over 170 years of innovation.
  • Benefits: Enjoy private medical insurance, generous holiday entitlement, and a wellness programme.
  • Other info: Flexible hybrid work model and opportunities for community involvement through volunteering.
  • Why this job: Make an impact in the insurance industry while developing your skills in a supportive environment.
  • Qualifications: University degree and previous insurance experience required; CII certification is a plus.

The predicted salary is between 63000 - 77000 £ 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. Imagine loving what you do and where you do it.

What Is the Opportunity? We are looking for an Associate Underwriter to join our solicitors and professional liability risks team. The successful candidate will have a strong insurance background within solicitors or professions and will be responsible for managing and growing a portfolio of broker-assigned accounts, with an emphasis on renewals before developing new business over time. The role involves making sound underwriting decisions across the full policy lifecycle and working within defined underwriting authority to deliver against branch financial targets. You will collaborate closely with internal colleagues, while maintaining a high standard of service and responsiveness to brokers and business partners.

What Will You Do?

  • Underwrite and assess risk to maximise business growth and profitability for allocated book of business.
  • Make appropriate decisions within own underwriting authority in addition to considered, intelligent and complete recommendations to technical underwriting/business leadership.
  • On pre-agreed accounts, actively participate and support Underwriters in new business, renewal and mid-term alteration underwriting activities that support underwriting decisions, consistent with business growth and profit.
  • Accountable for accurate underwriting documentation/information in account management systems and adherence to documentation standards.
  • Understand, embrace, and execute Travelers' underwriting strategies and principles to produce budgeted results.
  • Establish and maintain collaborative relationships with colleagues in other parts of the organisation, including Head Office, Risk Control, Distribution, Claims, Actuarial, etc. as needed.
  • Actively engage and seek out training opportunities to further develop underwriting and sales expertise.
  • Working with the Underwriters, develop and leverage productive relationships through broker visibility and a disciplined sales management approach.
  • Working with Distribution, effectively assist in the development, documentation and execution of sales plans with emphasis on increasing marketing and sales activities outside the office.
  • Actively participate in regularly scheduled sales and underwriting meetings.
  • Work effectively as a productive and supportive team member in conjunction with more senior team members, supporting business unit and company objectives.
  • Demonstrate superior customer service standards to meet Travelers' service standards.
  • Perform other duties as assigned.

What Will Our Ideal Candidate Have?

  • University degree.
  • Previous experience of underwriting in Financial Lines classes of business.
  • Working knowledge of the local insurance marketplace.
  • Demonstrates an ability and desire to learn about the enterprise and business unit critical business issues and financial drivers.
  • Working knowledge of organisational and regulatory rules, policies and procedures.
  • Basic Product/Technical proficiency commensurate to incumbent's underwriting authority.
  • Demonstrates basic ability in the areas of customer focus and positive broker interaction.
  • Chartered Insurance Institute (CII) Certification.

What is a Must Have?

  • Previous insurance experience.
  • Previous experience of Windows MS Office.
  • Secondary level education or equivalent required.
  • Incumbents are required to hold a full and valid driving license.

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.

Associate Underwriter - Professional Risks employer: Travelers Canada

Travelers in the United Kingdom is an excellent employer, offering a dynamic work environment that fosters collaboration and innovation. With a hybrid work model, employees enjoy the flexibility of working from home while also benefiting from in-office interactions that enhance team spirit. The company prioritises professional development, providing ample opportunities for growth and advancement within the insurance sector, making it a rewarding place for those looking to build a meaningful career.

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Contact Details:

Travelers Canada Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Associate Underwriter - Professional Risks

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 Travelers Canada). 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 Travelers Canada. 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 Associate Underwriter - Professional Risks

Underwriting Skills
Risk Assessment
Portfolio Management
Broker Relationship Management
Customer Service
Financial Lines Knowledge
Insurance Market Knowledge

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 Travelers Canada.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Travelers Canada. 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 Travelers Canada

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Travelers Canada 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 Travelers Canada, 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 Travelers Canada'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.