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For Companies At a Glance
- Tasks: Lead strategic underwriting initiatives and develop tailored guides for our teams.
- Company: Join Travelers Europe, a leader in the insurance industry with a focus on innovation.
- Benefits: Enjoy hybrid work flexibility, combining office days with remote work options.
- Why this job: Shape the future of underwriting while collaborating with top professionals in a dynamic environment.
- Qualifications: Experience in 1st Party or Property Underwriting is essential; strategic mindset preferred.
- Other info: Mid-senior level role with opportunities for professional growth and development.
The predicted salary is between 48000 - 72000 £ per year.
Join to apply for the Senior Technical Underwriter – Property role at Travelers Europe .
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 Specialty (Lloyd’s) lines of business. In this role, you will develop tailored Underwriting Guides to empower our teams to thrive and grow. You will work closely with Property Underwriting Officers and build 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 offers flexibility for hybrid work arrangements, typically involving three days in the office and two days at home, subject to policy changes.
Responsibilities
- Contribute to establishing and monitoring underwriting strategies aligned with market conditions and global BI appetite.
- Assist UW Officers in developing and analyzing portfolios using MI/BI data and insights from various sources.
- Identify trends through key performance metrics such as portfolio mix, underwriting performance drivers, claims performance, geography, and more.
- Support analysis to explain portfolio changes and assist in setting strategies for rate adequacy and pricing, including regulatory reporting.
- Collaborate with Product Development and Portfolio & Product Managers to develop and update underwriting guidance and best practices.
- Monitor legal, regulatory, and industry developments to inform underwriting strategies.
- Oversee and contribute to policy wordings, underwriting guidance, and product guidance, including product appetite.
- Establish and maintain underwriting and pricing guidelines, ensuring guidance repositories are up to date.
- Participate in reviews, prepare reports, and present at various underwriting and portfolio review meetings.
- Review training needs and develop training programs for Underwriters.
Additional Details
- Seniority level: Mid-Senior level
- Employment type: Full-time
- Job function: General Business
- Industry: Insurance
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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 property 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 and regulations in property underwriting. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing industry.
✨Tip Number 3
Prepare to discuss specific examples of how you've contributed to underwriting strategies in your previous roles. Highlight your analytical skills and ability to identify trends, as these are crucial for the Senior Technical Underwriter position.
✨Tip Number 4
Showcase your collaborative skills by discussing past experiences where you've worked closely with cross-functional teams. Emphasising your ability to build relationships with underwriters and product managers will align well with the responsibilities of this 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 specific examples that demonstrate your ability to develop underwriting strategies and work with data.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and how your skills align with the responsibilities outlined in the job description. Mention your experience with MI/BI data analysis and your ability to identify trends.
Showcase Your Technical Skills: Emphasise your technical expertise in 1st Party or Property Underwriting. Include any relevant certifications or training that would support your application and demonstrate your commitment to professional development.
Highlight Collaboration Experience: Since the role involves working closely with various teams, provide examples of past collaborations with underwriters, product managers, or other stakeholders. This will show your ability to build relationships and contribute to team success.
How to prepare for a job interview at Travelers Insurance Co. Ltd.
✨Showcase Your Technical Expertise
As a Senior Technical Underwriter, it's crucial to demonstrate your in-depth knowledge of property underwriting. Be prepared to discuss specific cases where you've successfully developed underwriting strategies or navigated complex portfolios.
✨Highlight Your Analytical Skills
This role requires strong analytical abilities. Share examples of how you've used MI/BI data to identify trends and inform decision-making. Discuss any tools or methodologies you’ve employed to analyse performance metrics.
✨Emphasise Collaboration Experience
You'll be working closely with various teams, so it's important to highlight your experience in collaboration. Talk about how you've built relationships with underwriters and product managers to achieve common goals.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and strategic thinking. Prepare by thinking through potential challenges in underwriting and how you would approach them, especially in relation to market conditions.
