At a Glance
- Tasks: Manage and grow a portfolio of insurance accounts while building strong broker relationships.
- Company: Join a leading insurance provider focused on innovation and collaboration.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Dynamic team environment with mentorship opportunities for personal development.
- Why this job: Make an impact in the insurance industry while developing your skills and career.
- Qualifications: Experience in underwriting and strong communication skills are essential.
The predicted salary is between 58540 - 71548 £ 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 who is passionate about new business development and building strong broker relationships concentrating on the South of England region.
You will proactively manage submissions, quotes and binds, while cultivating and maintaining broker partnerships delivering tailored insurance solutions.
Decisive and detail-oriented, you will use your technical Property & Casualty underwriting knowledge to independently assess and evaluate risk, negotiate terms and sell our products across, driving sustainable profitability and long-term success for Travelers.
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?
- 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.
Development Underwriter - Property & Casualty in England employer: Travelers Insurance Co. Ltd.
At Travelers, we pride ourselves on fostering a dynamic and inclusive work environment that empowers our employees to thrive. As a Senior Tech Ops Engineer in Europe, you will benefit from our hybrid work model, allowing for a balanced approach to work and life, while also having access to continuous professional development opportunities. Join us to be part of a collaborative team that values innovation and supports your growth in the ever-evolving technology landscape.
Contact Details:
Travelers Insurance Co. Ltd. Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Development Underwriter - Property & Casualty in England
✨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 Insurance Co. Ltd.). 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 Insurance Co. Ltd.. 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 Development Underwriter - Property & Casualty in England
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 Insurance Co. Ltd..
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Travelers Insurance Co. Ltd.. 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 Insurance Co. Ltd.
✨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 Insurance Co. Ltd. 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 Insurance Co. Ltd., 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 Insurance Co. Ltd.'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.
