At a Glance
- Tasks: Support underwriters by managing risk data, quotes, and policy documentation.
- Company: Join a fast-moving, entrepreneurial team at XS Assure, a specialist underwriter.
- Benefits: Enjoy remote work, competitive salary, and opportunities for professional growth.
- Why this job: Make an impact in the insurance industry while working from home.
- Qualifications: Experience in underwriting or broking, ideally in liability insurance.
- Other info: Be part of a dynamic team with a focus on innovation and efficiency.
The predicted salary is between 36000 - 60000 Β£ per year.
Location: Home Based / Fully Remote Mon-Fri
XS Assure (XSA) was launched in 2021 and is a specialist underwriter of financial and professional lines risks in the UK and internationally. XSA's core business has been underwriting UK PI risks. In the UK, we currently underwrite and/or place business with 5 risk carriers whilst internationally, with 3 risk carriers. To date, XSA has been very successful in building a sizeable and profitable portfolio due to its wide risk appetite, its ability to underwrite risks based on merit, empowered underwriters and a commitment to fast turnaround time on all quotes to insurance brokers.
Operationally, XSA employs 16 staff who all work from home. Culturally, it's very entrepreneurial and fast-moving with a focus on always building a better, smarter business with little bureaucracy. XSA is looking to bring on additional talent with the same ethos. XSA was acquired by JMG Group in July 25, so benefiting from internal services and access to group held business whilst maintaining its independence as a fast moving and growing business.
The Role
You will spend the majority of your time providing underwriting support, entering risk data into our underwriting tools, sending quotes to brokers, following up with brokers, issuing policy documentation and ensuring compliance with company standards. As underwriting support, you will work closely with underwriters, finance and operations staff in delivering exceptional service to brokers.
Role and Responsibilities
- Provide clerical and administrative support to underwriters
- Assist in the preparation and submission of quotations and policy documents
- Maintain accurate records and databases
- Maintain working relationships with internal and external stakeholders
- Assist in the collection of premiums
- Identify, better, smarter, faster means of underwriting / trading
- Contribute to technical audits and peer review processes as required to support and enable the maintenance of an effective control environment
Role Requirements
- Ideally a minimum of 3 years underwriting or broking experience in liability insurance, preferably UK market with a recognised insurer, MGA or broker
- Minimum Dip CII qualified (or equivalent)
- Proficient in MS Excel
- Fluent in English
- Excellent knowledge of underwriting processes and procedures
- High level of accuracy and attention to detail
- Excellent numerical and problem-solving skills
- Good communication, organisational and time management skills
- Ability to work independently and as part of a team - all in a remote work environment
- Highly productive
PI Underwriting Assistant in City of London employer: XS Assure
Contact Detail:
XS Assure Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land PI Underwriting Assistant in City of London
β¨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work in underwriting. A friendly chat can lead to insider info about job openings or even a referral.
β¨Tip Number 2
Prepare for virtual interviews by practising common questions related to underwriting. Make sure you can showcase your experience and how it aligns with XSA's entrepreneurial spirit. We want to see your personality shine through!
β¨Tip Number 3
Show off your skills! If you have any relevant projects or achievements, create a portfolio or a presentation to share during interviews. This will help us see your capabilities beyond just your CV.
β¨Tip Number 4
Donβt forget to apply through our website! Itβs the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace PI Underwriting Assistant in City of London
Some tips for your application π«‘
Tailor Your CV: Make sure your CV is tailored to the PI Underwriting Assistant role. Highlight your relevant experience in underwriting or broking, especially in liability insurance. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about joining XS Assure and how you align with our entrepreneurial spirit. Keep it concise but impactful β we love a good story!
Showcase Your Skills: Donβt forget to highlight your proficiency in MS Excel and your attention to detail. Mention any experience with underwriting processes and how you've contributed to improving efficiency in past roles. We appreciate candidates who can think smarter and faster!
Apply Through Our Website: We encourage you to apply directly through our website. Itβs the best way for us to receive your application and ensures youβre considered for the role. Plus, it shows youβre keen on being part of our team!
How to prepare for a job interview at XS Assure
β¨Know Your Underwriting Basics
Make sure you brush up on your knowledge of underwriting processes and procedures. Familiarise yourself with the specific requirements for PI insurance, as well as any recent trends in the UK market. This will show that you're not just interested in the role, but that you understand the industry.
β¨Showcase Your Attention to Detail
Since this role requires a high level of accuracy, be prepared to discuss examples from your past work where your attention to detail made a difference. Whether it was maintaining records or preparing policy documents, highlight how your meticulous nature has contributed to successful outcomes.
β¨Demonstrate Your Communication Skills
As you'll be working closely with underwriters and brokers, effective communication is key. Think of instances where you've successfully navigated complex conversations or resolved misunderstandings. This will help illustrate your ability to maintain strong relationships with stakeholders.
β¨Embrace the Entrepreneurial Spirit
XSA values a fast-moving and entrepreneurial culture, so come prepared to discuss how you can contribute to building a better, smarter business. Share ideas on how you might identify more efficient underwriting methods or improve service delivery, showing that you're proactive and innovative.