At a Glance
- Tasks: Underwrite and assess risks while building strong broker relationships across London and the South.
- Company: Join Travelers, a leading property casualty insurer with over 170 years of innovation.
- Benefits: Enjoy competitive salary, private medical insurance, generous holiday entitlement, and wellness programmes.
- Why this job: Make a real impact in management liability while developing your career in a supportive environment.
- Qualifications: Degree education and previous underwriting experience in management liability or related fields.
- Other info: Flexible hybrid work arrangements and opportunities for community involvement through volunteering.
The predicted salary is between 36000 - 60000 Β£ per year.
Who Are We? Taking care of our customers, our communities and each other. Thatβs 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 170 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.
What Is the Opportunity? Due to continued success, our Management Liability team is growing! We are looking for a Regional New Business Underwriter to support our growth ambitions in London and the South of England. You'll be the driving force behind broker relationships, traveling throughout the region to grow our business while using your underwriting expertise to secure profitable new business opportunities. Working collaboratively with colleagues, you'll execute strategic initiatives to hit ambitious financial targets for retention, pricing, and profitability. This is your chance to own a defined book of business, develop key broker partnerships, and make a real impact in the management liability space. Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy.
What Will You Do?
- Underwrite and assess risk for products and accounts from assigned brokers.
- Make appropriate decisions within own underwriting authority in addition to considered, intelligent, and complete recommendations to regional or product underwriting leadership.
- Consistent with Travelers Insurance Company Limited (TICL) underwriting principles, underwrite accounts and risks and consider different approaches toward risks to maximise profitability.
- Make prompt, sound decisions within underwriting authority based on appropriate underwriting information.
- Negotiate terms and conditions consistent with regional or product underwriting requirements and standards within submission timeframe.
- Understand and execute product segment strategies to produce budgeted results.
- Continuously manage book of business (maintain quality of business required by regional or product underwriting strategy).
- Accountable for accurate underwriting documentation and information in account management systems and adherence to documentation standards.
- Embrace required working practices with allocated Underwriting Account Management resource in order to deliver appropriate and timely underwriting service on your accounts at all times.
- Actively engage and seek out training opportunities to further develop underwriting expertise.
- Develop and leverage broker/client relationships through a high level of visibility and using a disciplined sales management approach.
- Effectively develop and execute sales plans for assigned brokers in conjunction with the regional sales leadership as appropriate.
- Create and achieve sales plans that identify and capture new business opportunities and effectively cross sell TICL products.
- Seek out and maintain collaborative relationships with colleagues in other business units and regions to foster business development.
- Actively participate in regularly scheduled regional and product underwriting and/or sales meetings.
- Demonstrate superior customer service standards.
- Assist others to help achieve underwriting, sales and production goals and understand and work towards strategic objectives.
- Work tactically with brokers to ensure they have an appropriate level of understanding of TICL goals and objectives.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Degree education.
- Working knowledge of industry business operations and work methods, critical business issues and financial drivers that affect the Line of Business.
- Working knowledge of the local insurance marketplace and effectively uses that knowledge to the Company's advantage.
- Intermediate: Relationship Management.
- Basic: Business Perspective.
- Analytical Thinking/Financial Acumen.
- Product/Technical: Demonstrates technical proficiency and application of knowledge commensurate to his/her underwriting authority.
- ACII qualification.
What is a Must Have?
- Previous experience of underwriting in management liability/professional indemnity/financial institutions.
What Is in It for You?
- Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers.
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan.
- Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually.
- Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved.
Employment Practices: Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization.
Regional Development Underwriter - Management Liability in Redhill employer: Travelers
Contact Detail:
Travelers Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Regional Development Underwriter - Management Liability in Redhill
β¨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially those in underwriting and management liability. Attend events, join online forums, and donβt be shy about reaching out on LinkedIn. The more people you know, the better your chances of landing that dream job!
β¨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand Travelers' commitment to innovation and collaboration, and think about how your skills can contribute to their goals. Practice common interview questions and have examples ready that showcase your underwriting expertise.
β¨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. Mention something specific from the conversation to remind them of your fit for the position. It keeps you on their radar and shows youβre genuinely interested.
β¨Tip Number 4
Donβt forget to apply through our website! Itβs the best way to ensure your application gets seen by the right people. Plus, it shows youβre serious about joining the Travelers team. Keep an eye on new openings and get your applications in early!
We think you need these skills to ace Regional Development Underwriter - Management Liability in Redhill
Some tips for your application π«‘
Tailor Your Application: Make sure to customise your CV and cover letter for the Regional Development Underwriter role. Highlight your underwriting experience in management liability and how it aligns with our goals at Travelers.
Showcase Your Skills: Donβt just list your qualifications; demonstrate how your skills in relationship management and analytical thinking can contribute to our team. We want to see how you can make a real impact!
Be Clear and Concise: Keep your application straightforward and to the point. Use clear language and avoid jargon. We appreciate a well-structured application thatβs easy to read and understand.
Apply Through Our Website: We encourage you to submit your application through our website. Itβs the best way to ensure your application gets the attention it deserves. Plus, youβll find all the details you need about the role there!
How to prepare for a job interview at Travelers
β¨Know Your Underwriting Stuff
Make sure you brush up on your underwriting principles, especially in management liability. Understand the key factors that affect profitability and risk assessment, as this will show your expertise and confidence during the interview.
β¨Build Broker Relationships
Since the role involves developing broker partnerships, think about how you can demonstrate your relationship management skills. Prepare examples of how you've successfully built and maintained professional relationships in the past.
β¨Showcase Your Analytical Skills
Be ready to discuss how you analyse risks and make sound decisions based on financial acumen. Use specific examples from your previous experience to illustrate your analytical thinking and how it has positively impacted your work.
β¨Embrace the Company Culture
Familiarise yourself with Travelers' commitment to innovation and collaboration. During the interview, express how your values align with theirs and share how you can contribute to their culture while achieving business objectives.