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- 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 £ per year.
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 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 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 employer: Travelers
Contact Detail:
Travelers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regional Development Underwriter - Management Liability
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, attend events, and join relevant groups. The more people you know, the better your chances of landing that dream job.
✨Tip Number 2
Practice your pitch! You never know when you'll meet someone who could help you land a job. Have a quick, engaging summary of your skills and experience ready to go, so you can impress them on the spot.
✨Tip Number 3
Follow up after interviews! A simple thank-you email can go a long way in showing your enthusiasm for the role. Plus, it keeps you fresh in their minds as they make their decision.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, you’ll be one step closer to joining a fantastic team at Travelers.
We think you need these skills to ace Regional Development Underwriter - Management Liability
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Regional Development Underwriter role. Highlight your relevant experience in management liability and how it aligns with our goals at Travelers.
Showcase Your Skills: Don’t just list your qualifications; demonstrate how your skills in underwriting and relationship management can contribute to our team. Use specific examples to illustrate your expertise and achievements.
Be Clear and Concise: Keep your application straightforward and to the point. We appreciate clarity, so avoid jargon and ensure your key points stand out. This will help us quickly see why you’re a great fit!
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Travelers
✨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 how to assess risks effectively. This will show that you're not just familiar with the role but also passionate about it.
✨Build Broker Relationships
Since this role involves a lot of interaction with brokers, 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. This will highlight your ability to thrive in a collaborative environment.
✨Show Your Analytical Skills
Be ready to discuss how you approach problem-solving and decision-making. Use specific examples from your previous experience where you identified issues, analysed data, and made sound decisions that positively impacted the business. This will showcase your analytical thinking and financial acumen.
✨Embrace the Company Culture
Familiarise yourself with Travelers' commitment to innovation and community. Think about how your values align with theirs and be prepared to share how you can contribute to their culture. This will demonstrate that you're not just looking for a job, but a place where you can truly make an impact.
