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- 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 a full-time role with opportunities for professional growth and collaboration.
- Why this job: Be part of a dynamic team shaping underwriting strategies that drive success and impact.
- Qualifications: Experience in 1st Party or Property Underwriting is essential; strategic thinking is a plus.
- Other info: Engage in training and development while collaborating with top industry professionals.
The predicted salary is between 48000 - 72000 £ per year.
Join to apply for the Technical Underwriting Manager - 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 Technical Underwriting Manager to support our Retail and Speciality (Lloyd’s) lines of business, by developing 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.
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 analyse portfolios from an underwriting perspective utilising 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 insight 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, AVP's, Portfolio & Product Managers to develop underwriting guidance and best practice (ensure underwriting guidelines are established, updated and fit for purpose).
- Support in the monitoring of legal, regulatory and statutory environments in territories where we trade, industry developments and claims trends, and making recommendations for underwriting strategy revisions.
- 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 Reviews.
- Contribute in reviewing training needs and creating and delivering training to Underwriters.
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Business Development and General Business
Industries: Insurance
Technical Underwriting Manager - 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 Technical Underwriting Manager - Property
✨Tip Number 1
Network with professionals in the insurance industry, especially those involved in property underwriting. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 2
Familiarise yourself with the specific underwriting strategies and guidelines used by Travelers Europe. Understanding their approach will help you tailor your discussions during interviews and demonstrate your alignment with their goals.
✨Tip Number 3
Prepare to discuss your experience with data analysis and how it has influenced underwriting decisions in your previous roles. Highlight any specific tools or methodologies you've used to analyse portfolios and identify trends.
✨Tip Number 4
Showcase your ability to collaborate across departments by providing examples of past projects where you worked with different teams, such as product development or claims. This will illustrate your capability to contribute to a holistic underwriting strategy.
We think you need these skills to ace Technical Underwriting Manager - Property
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in technical underwriting, particularly in property insurance. Use specific examples that demonstrate your ability to develop underwriting strategies and analyse portfolios.
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 data analysis and portfolio management, as well as your ability to collaborate with various teams.
Highlight Key Achievements: When detailing your previous roles, focus on key achievements that relate to underwriting performance and strategy development. Use metrics where possible to quantify your impact, such as improvements in profitability or efficiency.
Proofread and Edit: Before submitting your application, thoroughly proofread your documents for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial 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 Technical Underwriting Manager does. Familiarise yourself with underwriting strategies, portfolio management, and the specific responsibilities mentioned in the job description. This will help you articulate how your experience aligns with the role.
✨Prepare for Technical Questions
Expect to be asked about your technical knowledge in property underwriting. Brush up on key performance metrics, data analysis techniques, and how to interpret MI/BI data. Being able to discuss these topics confidently will demonstrate your expertise and readiness for the position.
✨Showcase Your Collaborative Skills
This role requires working closely with various teams, so be prepared to discuss examples of how you've successfully collaborated in the past. Highlight any experiences where you contributed to team goals or developed relationships with senior stakeholders, as this will show your ability to thrive in a team-oriented environment.
✨Ask Insightful Questions
At the end of the interview, take the opportunity to ask questions that reflect your interest in the company and the role. Inquire about the current challenges the underwriting team faces or how they measure success in their strategies. This not only shows your enthusiasm but also helps you gauge if the company is the right fit for you.
