Senior Associate Underwriter - Cyber
Senior Associate Underwriter - Cyber

Senior Associate Underwriter - Cyber

London Full-Time 43200 - 72000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Join our Cyber underwriting team to assess risks and make impactful decisions.
  • Company: Travelers is a leading property casualty insurer with over 160 years of excellence.
  • Benefits: Enjoy hybrid work, private medical insurance, generous holiday entitlement, and wellness resources.
  • Why this job: Be part of an innovative culture that values collaboration and community impact.
  • Qualifications: University degree preferred; experience in underwriting management liability or financial institutions required.
  • Other info: We support diversity and encourage community involvement through volunteer rewards.

The predicted salary is between 43200 - 72000 £ 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 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. Job Category Underwriting Target Openings 1 What Is the Opportunity? We are looking for a Senior Associate Underwriter to join our Cyber underwriting team. In this role, you will use your previous experience to produce and underwrite new and renewal business; making sound underwriting decisions throughout the policy lifecycle. You will provide superior service, ensure business retention, and respond effectively to new business submissions; collaborating with the team, Regional Underwriting Offices, Market Segment Colleagues, and other business partners. Travelers Europe offers flexibility for hybrid work arrangements, typically involving three days in the office and two days remote, subject to policy changes. What Will You Do? Underwrite and assess risks to maximize business growth and profitability, making decisions within your authority and providing comprehensive recommendations to leadership. Support Development Underwriters on new business, renewals, and mid-term changes, aligning with growth and profit objectives. Provide leadership and coaching to Associate Underwriters to foster their development. Identify and pursue new business opportunities, cross-selling relevant products. Maintain accurate underwriting documentation and adhere to standards. Align with Travelers’ underwriting strategies to meet financial targets. Build and maintain collaborative relationships across the organization. Seek training opportunities to enhance underwriting and sales skills. Develop relationships with brokers through visibility and disciplined management, supporting business goals. Assist in developing and executing sales plans to increase market activity. Participate in sales and underwriting meetings regularly. Work effectively as part of a team, supporting company objectives. Deliver exceptional customer service standards. Perform other duties as assigned. What Will Our Ideal Candidate Have? University degree preferred. Knowledge of the local insurance market. Ability and desire to understand critical business issues and financial drivers. Understanding of organizational and regulatory policies. Basic knowledge of Lloyds Market factors is a plus. Technical proficiency appropriate to underwriting authority. Customer focus and positive broker interaction skills. Analytical thinking and financial acumen. Ability to identify problems or opportunities, analyze data, and support decision-making. Understanding of finance principles related to underwriting profitability. Relationship management skills. Chartered Insurance Institute (CII) certification is preferred. What is a Must Have? Previous experience underwriting management liability, professional indemnity, or financial institutions. What Is in It for You? Private Medical Insurance: Eligibility for single coverage upon employment, with options for dependents at your expense. Retirement: Company contributions to your Pension Plan, with options for increased contributions. Holiday Entitlement: Starting with at least 25 days, with options to purchase additional days. Wellness Programme: Resources and discounts to support your health and wellbeing, including mental health services. Volunteer Encouragement: Support for community involvement through matching gifts and volunteer rewards. Employment Practices Travelers is an equal opportunity employer. We value diversity and the unique talents each individual brings. If you have questions about the physical requirements of this role, please contact us via email. Travelers may fill this position at a level above or below the posted level. Learn more about our benefits at http://careers.travelers.com/life-at-travelers/benefits/ . #J-18808-Ljbffr

Senior Associate Underwriter - Cyber employer: Travelers

Travelers is an exceptional employer that prioritises the well-being of its employees and fosters a culture of innovation and collaboration. With flexible hybrid work arrangements, comprehensive benefits including private medical insurance and a robust wellness programme, as well as ample opportunities for professional development, employees can thrive both personally and professionally. Join us in a supportive environment where your contributions are valued and you can make a meaningful impact in the insurance industry.
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Contact Detail:

Travelers Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Associate Underwriter - Cyber

✨Tip Number 1

Familiarise yourself with the latest trends in cyber insurance and underwriting. Understanding the current landscape will not only help you in interviews but also demonstrate your commitment to staying informed about the industry.

✨Tip Number 2

Network with professionals in the insurance and underwriting sectors, especially those who specialise in cyber risks. Attend industry events or webinars to make connections that could provide insights or referrals for your application.

✨Tip Number 3

Prepare to discuss specific examples from your previous experience that showcase your analytical thinking and decision-making skills in underwriting. Be ready to explain how you've successfully managed risks and contributed to business growth.

✨Tip Number 4

Research Travelers' corporate culture and values, particularly their focus on collaboration and customer service. Tailor your conversations during interviews to reflect how your personal values align with theirs, which can set you apart as a candidate.

We think you need these skills to ace Senior Associate Underwriter - Cyber

Underwriting Expertise
Risk Assessment
Analytical Thinking
Financial Acumen
Customer Service Skills
Relationship Management
Knowledge of Insurance Market
Technical Proficiency in Underwriting
Coaching and Leadership Skills
Problem Identification and Analysis
Understanding of Regulatory Policies
Sales Planning and Execution
Collaboration and Teamwork
Chartered Insurance Institute (CII) Certification

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Associate Underwriter position. Tailor your application to highlight relevant experience in underwriting management liability, professional indemnity, or financial institutions.

Craft a Strong CV: Your CV should clearly outline your previous underwriting experience, particularly in cyber insurance or related fields. Use quantifiable achievements to demonstrate your impact in previous roles, such as successful business retention rates or growth in new business.

Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Highlight your understanding of the local insurance market and your analytical skills. Mention how your experience aligns with Travelers' commitment to customer service and collaboration.

Proofread and Edit: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. Ensure that your application is polished and professional, reflecting your attention to detail, which is crucial in underwriting.

How to prepare for a job interview at Travelers

✨Understand the Cyber Insurance Landscape

Familiarise yourself with the current trends and challenges in cyber insurance. Be prepared to discuss how these factors impact underwriting decisions and business growth, showcasing your knowledge of the local insurance market.

✨Demonstrate Analytical Skills

Prepare to provide examples of how you've used analytical thinking in previous roles. Highlight your ability to assess risks and make data-driven decisions, as this is crucial for a Senior Associate Underwriter.

✨Showcase Leadership Experience

Since the role involves coaching Associate Underwriters, be ready to discuss your leadership style and any relevant experiences. Share specific instances where you have successfully guided team members or contributed to their development.

✨Emphasise Relationship Management

Highlight your experience in building and maintaining relationships with brokers and other stakeholders. Discuss how you approach collaboration and communication, as these skills are vital for success in this position.

Senior Associate Underwriter - Cyber
Travelers
Location: London
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  • Senior Associate Underwriter - Cyber

    London
    Full-Time
    43200 - 72000 £ / year (est.)
  • T

    Travelers

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