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- Tasks: Underwrite property and casualty risks while managing submissions and quotes for new business.
- Company: Join a leading insurance company focused on innovative solutions in the UK and Ireland.
- Benefits: Enjoy a competitive salary, flexible working, and opportunities for professional growth.
- Why this job: Make a real impact by helping businesses mitigate risks and achieve their goals.
- Qualifications: Experience in underwriting and strong relationship-building skills are essential.
- Other info: Be part of a supportive team with excellent career advancement opportunities.
The predicted salary is between 36000 - 60000 £ per year.
Business Insurance helps companies in the UK and Ireland identify, prepare for and mitigate risks by offering a broad array of industry-specific, combined property and casualty insurance solutions to customers.We are looking for a Development Underwriter to join our home-based team in the South West of England. In this role you will underwrite property and casualty risks; proactively managing the submissions, quotes and binds for new business delivering against target quote and conversion ratios. You will build and maintain relationships with brokers to provide insurance solutions to customers, analysing and evaluating risk to achieve business goals. You are decisive, detail-oriented, and know how to build relationships internally and externally to drive results. Your ability to independently assess risk, negotiate terms and sell our products will contribute to the sustainable profitability and success of Travelers.What Will You Do?Manage the profitability, growth, and retention of an assigned book of business comprised of routine to moderately complex accounts across most of our products.Underwrite and skillfully negotiate moderate risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.Identify and take corrective action in collaboration with your Manager / Team on individual risk characteristics identified through Portfolio Management.Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.Proactively utilise various technology platforms to quote and bind risk efficiently.Provide input and support the presentation of Underwriting Reviews for individual policies or portfolios and manage action points.Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross-selling opportunities.Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell Travelers products with a goal of writing and retaining accounts consistent with our risk appetite. Must be able to travel to meetings.Develop and execute pipeline plans and support the renewal team in the retention of business that aligns with the team\’s sales plans to drive success working in partnership with the sales team.Train and mentor less experienced underwriters.Support and collaboration for more junior members of the team, including referrals.Seniority level Mid-Senior levelEmployment type Full-timeJob function Business Development in the Insurance industry
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Development Underwriter employer: Travelers Europe
Contact Detail:
Travelers Europe Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Development Underwriter
✨Tip Number 1
Networking is key! Get out there and connect with industry professionals, especially brokers. Attend events or join online forums to build relationships that could lead to job opportunities.
✨Tip Number 2
Practice your pitch! Be ready to explain how your skills in underwriting and risk assessment can benefit potential employers. Tailor your message to highlight your experience with property and casualty risks.
✨Tip Number 3
Don’t underestimate the power of follow-ups. After meeting someone or having an interview, drop them a quick email to thank them and reiterate your interest. It shows initiative and keeps you on their radar.
✨Tip Number 4
Apply through our website! We’ve got a range of roles that might be perfect for you. Plus, it’s a great way to show your enthusiasm for joining our team at StudySmarter.
We think you need these skills to ace Development Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Development Underwriter role. Highlight your experience in underwriting, risk assessment, and relationship building. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the insurance industry and how you can contribute to our team. Be sure to mention any relevant experience that showcases your ability to manage risks and negotiate terms.
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Use specific examples of how you’ve successfully managed portfolios or improved conversion ratios in previous roles. We love numbers and results!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Travelers Europe
✨Know Your Numbers
As a Development Underwriter, you'll need to demonstrate your understanding of key performance indicators. Brush up on metrics related to underwriting profitability, growth, and retention. Be ready to discuss how you've achieved or exceeded these in past roles.
✨Showcase Your Relationship Skills
Building and maintaining relationships with brokers is crucial. Prepare examples of how you've successfully cultivated partnerships in previous positions. Highlight your communication style and any strategies you used to foster trust and collaboration.
✨Demonstrate Risk Assessment Expertise
Be prepared to discuss your approach to assessing risk. Bring specific examples of how you've independently evaluated risks and made decisions that benefited your previous employers. This will show your decisiveness and detail-oriented nature.
✨Familiarise Yourself with Technology Platforms
Since the role involves using various technology platforms for quoting and binding risks, make sure you know which tools are commonly used in the industry. If possible, mention any relevant software you've worked with and how it helped streamline your processes.