At a Glance
- Tasks: Lead underwriting strategy and mentor a dynamic team in the casualty insurance sector.
- Company: Join Travelers, a top 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 arrangements available for a balanced work-life experience.
- Why this job: Make a real impact in a collaborative environment while developing your leadership skills.
- Qualifications: Solid experience in commercial underwriting and strong communication skills required.
The predicted salary is between 55000 - 65000 £ per year.
About Travelers
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.
Position Overview
We are seeking a Casualty Underwriting specialist to join our Underwriting Office team as Deputy Casualty Underwriting Officer. In this role, you will support the lead Underwriting Officer and leadership teams across Business Insurance Retail and SME in driving the profitable growth of our Casualty and Third Party portfolios. You will lead the development and management of the underwriting strategy for the Business Insurance Retail & SME Casualty portfolio and work closely with underwriting, claims, and actuarial teams to monitor portfolio performance, rate, risk tolerance, volatility, market indicators and deviation from plan.
Travelers Europe offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy: full time employees working three days a week in the office and two days at home (or pro rata for part‑time employees). This policy may be changed at the company’s discretion.
Key Responsibilities
- Support the development and execution of strategic underwriting direction (short and long term to include rate strength, appetite, business mix and capacity deployment) and alternative risk transfer mechanisms (including reinsurance solutions).
- Support the setting of strategy for rate adequacy, product, and pricing within assigned portfolios to achieve maximum earnings/planned ROE.
- Support the UW Officers in the governance and oversight of rating tools, associated infrastructure, and provision of rates.
- Analyze internal and external emerging issues and trends and provide resultant underwriting direction incorporating feedback from Claim, Risk Control and Actuarial.
- Mentor and coach underwriting staff to ensure production, underwriting standards and profitability objectives are achieved.
- Contribute to establishing, reviewing and executing underwriting standards and controls (including Underwriting authorities).
- Respond to external changes in the regulatory and legislative environment and liaise with regulatory and technical bodies.
- Oversee technical content of BI underwriting materials (e.g., TRV policy wordings; underwriting guides, policy summaries, procedures, technical resource articles etc.) and breadth of coverage contained with non‑Travelers wordings.
- Perform other duties as assigned.
Ideal Candidate Qualifications
- Solid experience in commercial underwriting and product within the property and casualty industry.
- Leadership skills with the ability to coach, develop colleagues and align resources to accomplish key objectives.
- Strong written and verbal communication skills with the ability to influence various audiences across the enterprise.
- Strong relationship building skills with the ability to work independently and collaboratively with internal and external partners.
- Proficiency in Microsoft Excel, Word, PowerPoint and Teams.
Must Have
- Strong Casualty Underwriting experience.
Benefits
- Private Medical Insurance – single cover provided by Travelers, with the option to add dependants at your expense via payroll deduction.
- Retirement – core contribution to your Pension Plan plus increased company contribution if you contribute.
- Holiday Entitlement – minimum 25 days annual, with the option to purchase up to 35 days.
- Wellness Programme – tools, discounts and resources, including free professional counseling services and mental health resources.
- Volunteer Encouragement – Matching Gift and Volunteer Rewards programme.
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. If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you. Travelers reserves the right to fill this position at a level above or below the level included in this posting.
Deputy Underwriting Officer - Casualty employer: Travelers Canada
Travelers is an exceptional employer that prioritises the well-being of its employees through a supportive and collaborative work culture. With a strong commitment to innovation, employees enjoy flexible hybrid working arrangements, comprehensive benefits including private medical insurance and generous holiday entitlement, as well as opportunities for professional growth and mentorship within the dynamic field of casualty underwriting.
StudySmarter Expert Advice🤫
We think this is how you could land Deputy Underwriting Officer - Casualty
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend events, and engage on platforms like LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with yours. At StudySmarter, we believe that showing genuine interest can set you apart from other candidates.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it relates to the role of Deputy Underwriting Officer. We suggest rehearsing with a friend or in front of a mirror to boost your confidence.
✨Tip Number 4
Don’t forget to follow up after your interview! A simple thank-you email can go a long way in leaving a positive impression. And remember, apply through our website for the best chance at landing that role!
We think you need these skills to ace Deputy Underwriting Officer - Casualty
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Deputy Underwriting Officer role. Highlight your experience in casualty underwriting and how it aligns with our goals at Travelers. We want to see how you can contribute to our team!
Showcase Your Skills:Don’t forget to emphasise your leadership and communication skills in your application. We’re looking for someone who can mentor others and influence various audiences, so let us know how you've done this in the past!
Be Clear and Concise:When writing your application, keep it clear and to the point. Use bullet points where necessary to make it easy for us to read. We appreciate a well-structured application that gets straight to the important bits!
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’s super easy to do!
How to prepare for a job interview at Travelers Canada
✨Know Your Underwriting Stuff
Make sure you brush up on your casualty underwriting knowledge. Understand the latest trends, regulations, and market indicators that affect the industry. Being able to discuss these topics confidently will show that you're not just familiar with the role but also passionate about it.
✨Showcase Your Leadership Skills
As a Deputy Underwriting Officer, you'll need to demonstrate your ability to mentor and coach others. Prepare examples of how you've successfully led teams or projects in the past. This will help the interviewers see you as a strong candidate who can align resources and achieve key objectives.
✨Communicate Effectively
Strong written and verbal communication skills are crucial for this role. Practice articulating your thoughts clearly and concisely. You might even want to prepare a few questions to ask during the interview to show your engagement and interest in the company’s culture and goals.
✨Understand the Company Culture
Familiarise yourself with Travelers' commitment to innovation and collaboration. Be ready to discuss how your values align with theirs and how you can contribute to their mission. Showing that you understand and appreciate their culture can set you apart from other candidates.
