At a Glance
- Tasks: Join our Cargo underwriting team and support business growth and profitability.
- Company: Travelers, a leading insurance company with a focus on innovation.
- Benefits: Private medical insurance, generous holiday entitlement, and wellness programmes.
- Other info: Dynamic work environment with opportunities for mentoring and career growth.
- Why this job: Make an impact in the Lloyd's market while developing your underwriting skills.
- Qualifications: Experience in Property and Casualty insurance and studying towards ACII qualification.
The predicted salary is between 60000 - 75000 £ per year.
Position Overview
Join Travelers’ rapidly growing and profitable Cargo underwriting team in Europe, expanding the book in Lloyd’s and company markets and delegated authority. Work closely with the Senior Cargo Underwriter and the Fine Art & Specie team to grow our lead market and niche specialty propositions.
What Will You Do?
- Support the overall profitability, growth and retention of the line of business and all related underwriting initiatives.
- Ensure business is written in accordance with the Company’s policies, procedures, controls (including audit requirements) and Lloyds Underwriting Management Standards, and that it is accepted only with appropriate underwriting authority or approval.
- Support the development of the assigned line of business and services: research and identify target business, competitor information, industry and economic factors.
- Utilize appropriate systems to accurately enter quotes, risks and endorsements for correct management, statistical and regulatory reporting.
- Gather data and prepare reports to support execution of corporate and business underwriting policies and standards.
- Monitor market factors and world affairs as part of research and development of new opportunities.
- Promote Travelers’ line of business, distribution strategy and philosophy, and provide guidance to agents, brokers and customers on the Company’s underwriting philosophy, procedures and requirements.
- Provide guidance, mentoring and coaching to others as appropriate.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Experience within the Lloyd’s market with a basic understanding of the internal and external factors that impact the market.
- Strong underwriting experience and ability to demonstrate emerging technical proficiency and application of knowledge commensurate with underwriting authority.
- Ability to make sound quoting and pricing decisions in the Company’s best interests.
- Intermediate knowledge and ability in judgment, decision making, communication and teamwork.
- Demonstrated experience in relationship management: seeking, building, fostering and maintaining productive relationships to meet goals.
- Intermediate analytical thinking/financial acumen: identifying causes, exploring alternatives and applying finance and accounting principles to assess underwriting impact on profitability.
- Intermediate technical knowledge and product expertise commensurate with underwriting authority.
- Business perspective: using knowledge of internal and external factors that impact the Lloyd’s Market to make decisions.
- Expected to be studying toward ACII qualification.
Must Have
- Previous Property and Casualty insurance experience in underwriting, operational or broker capacity.
- Secondary level education or equivalent.
What Is in It for You?
- Private medical insurance: single cover provided by Travelers; dependent cover available at your expense.
- Retirement: core company contribution to Pension Plan; additional contribution if you contribute to the plan.
- Holiday entitlement: minimum 25 days annual; option to purchase additional days up to 35 holidays per year.
- Wellness programme: tools, discounts and resources for wellness goals; mental health programme with free professional counseling services.
- Volunteer encouragement: Matching Gift and Volunteer Rewards programme to support charitable giving.
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 have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
Cargo Underwriter in London employer: Travelers Canada
Travelers is an exceptional employer, offering a dynamic work environment within the rapidly expanding Cargo underwriting team in Europe. With a strong focus on employee growth, we provide comprehensive benefits including private medical insurance, generous holiday entitlement, and a wellness programme, all while fostering a culture of collaboration and mentorship. Join us to be part of a company that values diversity and encourages meaningful contributions to both your career and the community.
StudySmarter Expert Advice🤫
We think this is how you could land Cargo Underwriter 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 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 Cargo Underwriter in London
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.
