Underwriting Manager - Technology
Underwriting Manager - Technology

Underwriting Manager - Technology

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
Go Premium
T

At a Glance

  • Tasks: Lead a team in underwriting technology risks and ensure portfolio profitability.
  • Company: Join Travelers, a top property casualty insurer with over 160 years of excellence.
  • Benefits: Enjoy private medical insurance, generous holiday entitlement, and a wellness programme.
  • Why this job: Make an impact in the tech industry while developing your leadership skills.
  • Qualifications: A Levels or similar, with advanced underwriting experience in technology.
  • Other info: Flexible hybrid work arrangements and a commitment to community involvement.

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.

Job Category

Underwriting

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

The Underwriting Manager serves as a technical leader and subject matter expert, providing specialized underwriting guidance and technical oversight for the underwriting team. This role focuses on maintaining underwriting excellence, developing technical capabilities across the team, and serving as an escalation point for complex risk decisions while ensuring portfolio profitability and growth.

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?

  • Serve as the primary technical referral point for complex, unusual, or high-exposure risks, providing expert guidance on policy interpretation, coverage analysis, and risk assessment.
  • Manage and develop the profitability, growth, and retention of the Technology portfolio, analyse portfolio performance metrics with focus on technical risk quality, identifying trends in loss experience and recommending appropriate underwriting adjustments, monitoring aggregate exposures and recommending portfolio balancing strategies.
  • Ensure Practice adheres to Underwriting processes and guidelines through regular review of cases and underwriting, handling and communication.
  • Identifying any necessary corrective actions and providing feedback and coaching to support teams learning and development.
  • Coach, train and lead others by example to ensure the successful execution of the sector strategy, through a focus on Technical Underwriting Knowledge, Sector Underwriting Knowledge, Sales and Business Development Skills, a Portfolio Approach, Sector Immersion, Personal Profile and Networking
  • Analyse sector and product trends to develop and optimize our proposition and deliver the best customer outcomes.
  • Cultivate and maintain relationships with internal partners within the regions and across the enterprise to support the technical underwriting, profitability and growth of the portfolio.
  • Foster and maintain relationships with external partners to market and trade 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 individual and practice new business and retention plans that align with sector and regional plans to drive team success.
  • Perform other duties as assigned.
  • What Will Our Ideal Candidate Have?

  • A Levels or similar qualification
  • Knowledge: Expert knowledge of products, the regulatory environment, and the local insurance market.
  • Portfolio Management: Ability to execute strategic direction across assigned portfolio in partnership with leadership.
  • Analytical/Critical thinking: Strong 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: Excellent communication skills with the ability to successfully negotiate in difficult situations with brokers.
  • Inclusion: Ability to work with and lead people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
  • Leadership: Experience coaching and mentoring others.
  • Industry / Competitor Analysis: Review competitor press releases and industry trade press for helpful insights, linking key themes together and identifying applicability to team strategies.
  • Project Management: Participate in and/or lead projects that involves complex analysis and implementation of non-complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products
  • What is a Must Have?

  • Advanced experience of underwriting, product knowledge, financial analysis, or risk assessment experience within the technology industry.
  • Thorough knowledge and expertise of sectors, brokers and competitors and customers in the technology industry.
  • Significant prior experience and track record of external development activity with brokers and insureds.
  • What Is in It for You?

  • Private Medical Insuran ce: 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.

    Underwriting Manager - Technology employer: Travelers

    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. With a strong focus on professional development and community involvement, employees are encouraged to grow their skills while making a positive impact in their communities. The hybrid work model further enhances work-life balance, making Travelers an ideal place for those seeking meaningful and rewarding employment in the insurance industry.
    T

    Contact Detail:

    Travelers Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Underwriting Manager - Technology

    ✨Tip Number 1

    Network like a pro! Reach out to your connections in the industry, attend events, and engage on platforms like LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.

    ✨Tip Number 2

    Prepare for interviews by researching the company and its culture. Understand their values and how they align with yours. We want you to shine, so practice common interview questions and have your own ready to show your interest!

    ✨Tip Number 3

    Follow up after interviews! A simple thank-you email can go a long way. It shows your enthusiasm and keeps you fresh in their minds. We recommend sending it within 24 hours to make a great impression.

    ✨Tip Number 4

    Don’t hesitate to apply through our website! We’re always looking for talented individuals like you. Keep an eye on our careers page for new openings and make sure your application stands out by tailoring it to each role.

    We think you need these skills to ace Underwriting Manager - Technology

    Technical Underwriting Knowledge
    Risk Assessment
    Portfolio Management
    Analytical Skills
    Communication Skills
    Negotiation Skills
    Coaching and Mentoring
    Industry Knowledge
    Project Management
    Financial Analysis
    Customer Relationship Management
    Trend Analysis
    Problem-Solving Skills
    Adaptability

    Some tips for your application 🫡

    Tailor Your Application: Make sure to customise your CV and cover letter for the Underwriting Manager role. Highlight your experience in underwriting, especially within the technology sector, and showcase how your skills align with our needs at Travelers.

    Showcase Your Expertise: Don’t hold back on demonstrating your knowledge of the insurance market and your analytical skills. We want to see how you can contribute to maintaining underwriting excellence and driving portfolio profitability.

    Be Clear and Concise: When writing your application, keep it straightforward. Use clear language and avoid jargon unless it's relevant. We appreciate a well-structured application that gets straight to the point!

    Apply Through Our Website: We encourage you to submit your application through our official 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 Stuff

    Make sure you brush up on your underwriting knowledge, especially in the technology sector. Understand the latest trends, risks, and regulatory changes that could impact the industry. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.

    ✨Showcase Your Leadership Skills

    As an Underwriting Manager, you'll need to demonstrate your ability to coach and lead a team. Prepare examples of how you've successfully mentored others or managed complex projects in the past. Highlighting your leadership experience will set you apart from other candidates.

    ✨Prepare for Scenario Questions

    Expect to face scenario-based questions that assess your critical thinking and decision-making skills. Think about past experiences where you had to analyse risks or make tough underwriting decisions. Be ready to explain your thought process and the outcomes of those situations.

    ✨Build Relationships

    Since this role involves cultivating relationships with brokers and internal partners, be prepared to discuss how you've successfully built and maintained professional relationships in the past. Share specific examples that illustrate your communication skills and ability to negotiate effectively.

    Underwriting Manager - Technology
    Travelers
    Location: London
    Go Premium

    Land your dream job quicker with Premium

    You’re marked as a top applicant with our partner companies
    Individual CV and cover letter feedback including tailoring to specific job roles
    Be among the first applications for new jobs with our AI application
    1:1 support and career advice from our career coaches
    Go Premium

    Money-back if you don't land a job in 6-months

    T
    • Underwriting Manager - Technology

      London
      Full-Time
      36000 - 60000 £ / year (est.)
    • T

      Travelers

      1000+
    Similar positions in other companies
    UK’s top job board for Gen Z
    discover-jobs-cta
    Discover now
    >