Underwriter - Public Sector

Underwriter - Public Sector

Full-Time 36000 - 60000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Join our Public Sector team as an Underwriter, managing diverse insurance policies.
  • Company: Travelers is a leading property casualty insurer with over 160 years of experience.
  • Benefits: Enjoy hybrid work options, private medical insurance, and a minimum of 25 days holiday.
  • Why this job: Be part of a collaborative culture that values innovation and community involvement.
  • Qualifications: A Levels or similar qualification; experience in underwriting and risk assessment is essential.
  • Other info: Opportunities for training and mentoring less experienced underwriters.

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

2 months ago Be among the first 25 applicants

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?

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, casualty and motor insurance solutions to customers. This includes SME solutions traded directly, Commercial Accounts traded via brokers, and Corporate Solutions to FTSE 350 Risk Managed companies.

Are you a meticulous Underwriter looking to specialise in a varied and interesting portfolio? We are looking for an Underwriter to join our Public Sector team working on renewals and new business tenders for public sector policies across the UK. You’ll be responsible for underwriting primarily property policies but also casualty and motor lines of business. This is a busy and interesting role where you will build strong relationships internally, as well as externally, to manage the full life cycle of the policy.

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.
  • Perform other duties as assigned.

What Will Our Ideal Candidate Have?

  • A Levels or similar qualification
  • Knowledge: Good knowledge of products, the regulatory environment, and the local insurance market.
  • Analytical/Critical thinking: Good critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.
  • Communication/Influence: Communication skills with the ability to successfully negotiate with brokers.
  • Inclusion: Ability to work with people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
  • Industry / Competitor Analysis: Review competitor press releases and industry trade press for helpful insights, linking key themes together.
  • Project Management: Participate in projects that involves analysis and the implementation of non-complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products.

What is a Must Have?

  • Good experience of underwriting, product knowledge, financial analysis, or risk assessment experience.

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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Underwriter - Public Sector employer: Travelers Insurance Co. Ltd.

Travelers is an exceptional employer that prioritises the well-being of its employees through a supportive work culture and comprehensive benefits, including private medical insurance and a generous holiday entitlement of up to 35 days. Located in the vibrant City of London, we offer flexible hybrid working arrangements, fostering collaboration and innovation while providing ample opportunities for professional growth and community involvement. Join us to be part of a team that values diversity and encourages personal development in a meaningful and rewarding environment.
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Contact Detail:

Travelers Insurance Co. Ltd. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriter - Public Sector

✨Tip Number 1

Familiarise yourself with the public sector insurance landscape. Understanding the specific needs and challenges faced by public sector clients will help you stand out during interviews and discussions.

✨Tip Number 2

Network with professionals in the insurance industry, especially those who specialise in public sector underwriting. Attend relevant events or join online forums to build connections that could lead to valuable insights and opportunities.

✨Tip Number 3

Stay updated on regulatory changes and market trends affecting the public sector. This knowledge will not only enhance your understanding but also demonstrate your commitment to the role during conversations with potential employers.

✨Tip Number 4

Prepare to discuss your analytical skills and how you've used them in past roles. Be ready to provide examples of how you've assessed risks and made decisions that align with a company's risk appetite, as this is crucial for an underwriter.

We think you need these skills to ace Underwriter - Public Sector

Underwriting Expertise
Risk Assessment
Financial Analysis
Negotiation Skills
Analytical Thinking
Knowledge of Insurance Products
Regulatory Knowledge
Portfolio Management
Communication Skills
Relationship Building
Project Management
Attention to Detail
Problem-Solving Skills
Adaptability

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly in the public sector. Emphasise your analytical skills and any specific knowledge of property, casualty, and motor lines of business.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills align with the responsibilities outlined in the job description, such as managing profitability and building relationships with brokers.

Showcase Your Communication Skills: Since the role involves negotiating with brokers, provide examples in your application that demonstrate your strong communication and negotiation skills. This could be through past experiences or specific achievements.

Highlight Your Teamwork Experience: The job requires collaboration with internal partners and mentoring junior team members. Include examples of how you've successfully worked in teams or supported colleagues in previous roles.

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

✨Understand the Public Sector Landscape

Familiarise yourself with the specific challenges and opportunities within the public sector. Research recent trends, regulations, and case studies that impact public sector underwriting to demonstrate your knowledge during the interview.

✨Showcase Your Analytical Skills

Prepare to discuss your analytical and critical thinking skills. Be ready to provide examples of how you've successfully assessed risks and made underwriting decisions in previous roles, highlighting your ability to balance risk and profitability.

✨Emphasise Relationship Building

Since this role involves cultivating relationships with brokers and internal partners, be prepared to share experiences where you've successfully built and maintained professional relationships. Highlight your communication skills and ability to negotiate effectively.

✨Demonstrate Adaptability and Teamwork

The role requires collaboration with various teams. Share examples of how you've worked in a team environment, adapted to changes, and supported less experienced colleagues. This will show your commitment to fostering a positive team culture.

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