Assistant Underwriter - Fine Art & Specie
Assistant Underwriter - Fine Art & Specie

Assistant Underwriter - Fine Art & Specie

London Full-Time 36000 - 60000 £ / year (est.) Home office (partial)
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Travelers Insurance Co. Ltd.

At a Glance

  • Tasks: Support underwriting processes for Fine Art and Specie insurance, ensuring profitability and compliance.
  • Company: Join Travelers Europe, a leading insurer with over 160 years of commitment to customers and communities.
  • Benefits: Enjoy flexible hybrid work, private medical insurance, generous holiday entitlement, and wellness programmes.
  • Why this job: Be part of an innovative culture that values collaboration and offers opportunities for personal growth.
  • Qualifications: Previous insurance experience required; studying or willing to study for ACII qualification is a plus.
  • Other info: Engage in community service through our volunteer encouragement programmes.

The predicted salary is between 36000 - 60000 £ per year.

Assistant Underwriter – Fine Art & Specie

Join to apply for the Assistant Underwriter – Fine Art & Specie role at Travelers Europe

Assistant Underwriter – Fine Art & Specie

Join to apply for the Assistant Underwriter – Fine Art & Specie role at Travelers Europe

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 160 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.

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 160 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.

Target Openings

1

What Is the Opportunity?

We are looking for an Assistant Underwriter with Specie and Fine Art experience to join our Team in London. In this role you will use your experience in broker platforms, pricing and rating tools and exposure management analytics to support the team in managing the book’s profitability. You will be responsible for underwriting and processing new business, renewals and mid term adjustments, monitoring rate adequacy.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails 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.

What Will You Do?

  • Support the overall profitability, growth and retention of your assigned Line of Business and consistency of all related underwriting initiatives.
  • Ensure that business is written in accordance with the Company\’s policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards ensuring business is only accepted in accordance with:
  • individual underwriting authority where relevant, with approval under the Lloyds Individual Registration Byelaw.
  • the Unit\’s business plan for the relevant year.
  • Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
  • Assist the underwriters on a day to day basis to ensure a timely and professional service to clients.
  • Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Company\’s underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
  • May gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.
  • Perform other duties as assigned.

What Will Our Ideal Candidate Have?

  • Previous experience working within London market, specifically within Fine Art and Specie insurance preferred.
  • Able to effectively share information and build team support.
  • Able to communicate clearly.
  • Able to develop effective working relationships internally and externally.
  • Able to perform in a business professional manner with a positive attitude.
  • Able to determine priorities and effectively schedule time.
  • Able to ask for assistance in setting deadlines.
  • Expected to either already be studying, or be willing to study towards ACII qualification.

What is a Must Have?

  • Previous work experience in Insurance required.
  • Previous experience of Windows MS Office.
  • Secondary level education or equivalent required.

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. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

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.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.

Seniority level

  • Seniority level

    Not Applicable

Employment type

  • Employment type

    Full-time

Job function

  • Job function

    Business Development

  • Industries

    Insurance

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Assistant Underwriter - Fine Art & Specie employer: Travelers Insurance Co. Ltd.

Travelers Europe is an exceptional employer, offering a collaborative and innovative work culture that prioritises employee well-being and professional growth. With a strong commitment to community involvement, generous benefits including private medical insurance, a robust pension plan, and a minimum of 25 days holiday, employees are empowered to thrive both personally and professionally in the vibrant city of London.
Travelers Insurance Co. Ltd.

Contact Detail:

Travelers Insurance Co. Ltd. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Assistant Underwriter - Fine Art & Specie

✨Tip Number 1

Familiarise yourself with the Fine Art and Specie insurance market. Understanding the nuances of this niche will not only help you in interviews but also demonstrate your genuine interest in the role.

✨Tip Number 2

Network with professionals in the London insurance market. Attend industry events or join relevant online forums to connect with underwriters and brokers who can provide insights and potentially refer you to opportunities.

✨Tip Number 3

Brush up on your analytical skills, especially in exposure management analytics. Being able to discuss how you would approach risk assessment and profitability will set you apart from other candidates.

✨Tip Number 4

Showcase your willingness to learn by mentioning any ongoing studies towards ACII qualification. This demonstrates your commitment to professional development and aligns with the expectations of the role.

We think you need these skills to ace Assistant Underwriter - Fine Art & Specie

Knowledge of Fine Art and Specie insurance
Experience with broker platforms
Proficiency in pricing and rating tools
Exposure management analytics
Strong analytical skills
Attention to detail
Excellent communication skills
Ability to build effective working relationships
Time management and prioritisation skills
Understanding of Lloyds Underwriting Management Standards
Familiarity with regulatory reporting requirements
Team collaboration skills
Proficient in Microsoft Office Suite
Commitment to professional development (ACII qualification)

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in Fine Art and Specie insurance. Include specific examples of your work with broker platforms, pricing tools, and any exposure management analytics you've used.

Craft a Strong Cover Letter: Write a cover letter that reflects your understanding of Travelers' values and culture. Emphasise your commitment to customer care and collaboration, and explain how your skills align with the role of Assistant Underwriter.

Highlight Relevant Qualifications: If you are studying or willing to study towards ACII qualification, mention this in your application. Also, include any other relevant qualifications or training that demonstrate your expertise in the insurance field.

Showcase Communication Skills: Since effective communication is key in this role, provide examples in your application that demonstrate your ability to build relationships with clients, brokers, and team members. This could be through previous roles or projects.

How to prepare for a job interview at Travelers Insurance Co. Ltd.

✨Research the Company

Before your interview, take some time to learn about Travelers Europe. Understand their values, culture, and recent developments in the Fine Art and Specie insurance sector. This will help you tailor your answers and show genuine interest.

✨Showcase Relevant Experience

Be prepared to discuss your previous experience in Fine Art and Specie insurance. Highlight specific examples where you've successfully managed underwriting processes or worked with broker platforms, as this will demonstrate your suitability for the role.

✨Prepare Questions

Think of insightful questions to ask your interviewers. This could include inquiries about the team dynamics, the company's approach to innovation, or how they support professional development. It shows you're engaged and serious about the position.

✨Demonstrate Communication Skills

As an Assistant Underwriter, clear communication is key. Practice articulating your thoughts clearly and concisely during the interview. This will not only help you convey your qualifications but also reflect your ability to build relationships with clients and colleagues.

Assistant Underwriter - Fine Art & Specie
Travelers Insurance Co. Ltd.
Location: London
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