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- Tasks: Lead strategic underwriting initiatives and develop tailored guides for the team.
- Company: Join Travelers Europe, a leading insurance provider with a focus on innovation and growth.
- Benefits: Enjoy hybrid work flexibility, competitive salary, and opportunities for professional development.
- Why this job: Make an impact in a dynamic environment while collaborating with top industry professionals.
- Qualifications: Experience in property underwriting and strong analytical skills are essential.
- Other info: Be part of a supportive culture that values continuous learning and career advancement.
The predicted salary is between 43200 - 72000 £ per year.
Are you a highly technical 1st Party or Property Underwriter looking to develop your career into a more strategic role? We are hiring a Senior Technical Underwriter /Manager - Property to support our Retail and Speciality (Lloyd’s) lines of business. In this role, you will develop tailored Underwriting Guides empowering our teams to thrive and grow. You will work closely with the Property Underwriting Officers, as well as building excellent internal relationships with our Senior Underwriters, to support the establishment and monitoring of long- and short-term underwriting strategies to effectively achieve profit and growth objectives.
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?
- Contribute to the establishment and monitoring of underwriting strategies that reflect market competitive conditions and global BI appetite.
- Assist UW Officers to develop and analyze portfolios from an underwriting perspective utilizing MI/BI data and reporting insights from multiple sources – Portfolio Management, Business Intelligence, Actuarial, Catastrophe Modelling, Rating, Claims, Production, and other performance data.
- Identify trends by understanding and monitoring key performance metrics (e.g., portfolio mix; drivers of underwriting performance; claims performance by cause and by attrition, large and catastrophe components; geography; segment; distribution channel; rate targets, etc.).
- Assist the UW Officers with analysis to identify and explain portfolio changes, delivering clear insights into account structure and performance.
- In setting strategy for rate adequacy and pricing, with preparation of data and narrative for treaty reinsurance, and with compilation and monitoring of regulatory returns, e.g., MID, Lloyd’s SBF Narrative, Pool Re, etc.
- Work collaboratively with Product Development, AVPs, Portfolio & Product Managers to develop underwriting guidance and best practices (ensure underwriting guidelines are established, updated, and fit for purpose).
- Support in monitoring legal, regulatory, and statutory environments in territories where we trade, industry developments, and claims trends, making recommendations for underwriting strategy revision.
- Assist the BI UWO in overseeing and engaging in the approval, sign-off, and development of policy wordings, Product UW guidance including product appetite.
- Assist the UW Officers in establishing underwriting and pricing guidelines. Responsible for ensuring the repository of technical underwriting guidance remains up to date.
- Participate in, prepare reports, and present at Collaborative Underwriting Reviews (CUREs) and Portfolio Reviews. Participate in Independent Peer Reviews and Underwriter Level Review.
- Contribute to reviewing training needs and creating and delivering training to Underwriters.
Seniority Level: Mid-Senior level
Employment Type: Full-time
Job Function: General Business
Industries: Insurance
Senior Technical Underwriter - Property employer: Travelers Insurance Co. Ltd.
Contact Detail:
Travelers Insurance Co. Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Technical Underwriter - Property
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work in underwriting. Attend industry events or webinars to connect with potential colleagues at Travelers Europe and gain insights into their company culture.
✨Tip Number 2
Familiarise yourself with the latest trends in property underwriting and the specific challenges faced in the market. This knowledge will help you engage in meaningful conversations during interviews and demonstrate your expertise.
✨Tip Number 3
Prepare to discuss your experience with data analysis and how it has influenced underwriting decisions. Be ready to provide examples of how you've used MI/BI data to drive performance improvements in previous roles.
✨Tip Number 4
Showcase your ability to collaborate across departments by highlighting past experiences where you worked with product development or portfolio managers. Emphasising teamwork will align well with the collaborative nature of the role.
We think you need these skills to ace Senior Technical Underwriter - Property
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in property underwriting and any strategic roles you've held. Use keywords from the job description to demonstrate your fit for the Senior Technical Underwriter position.
Craft a Compelling Cover Letter: Write a cover letter that showcases your technical expertise and strategic thinking. Mention specific examples of how you've contributed to underwriting strategies or improved performance metrics in previous roles.
Highlight Relevant Skills: Emphasise skills that are crucial for this role, such as data analysis, portfolio management, and collaboration with cross-functional teams. Make sure to provide concrete examples of how you've applied these skills in your past work.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential in underwriting.
How to prepare for a job interview at Travelers Insurance Co. Ltd.
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of what a Senior Technical Underwriter does, especially in the context of property insurance. Familiarise yourself with underwriting strategies, key performance metrics, and how they relate to market conditions.
✨Prepare for Technical Questions
Expect to be asked about your experience with data analysis, portfolio management, and regulatory compliance. Brush up on relevant technical knowledge and be ready to discuss specific examples from your past work that demonstrate your expertise.
✨Showcase Your Collaborative Skills
This role involves working closely with various teams. Be prepared to discuss how you've successfully collaborated with others in previous roles, particularly in developing underwriting guidelines or training underwriters.
✨Ask Insightful Questions
At the end of the interview, ask questions that show your interest in the company's strategic direction and how the underwriting team contributes to it. This could include inquiries about their approach to market trends or how they adapt to regulatory changes.
