Trainee Underwriter

Job Type Permanent Build a brilliant future with Hiscox About Us Hiscox UK is a leading brand in the insurance market, recognised as setting the standards others try to emulate. We consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. We are known for insuring the homes of the rich and famous through to the most innovative technology companies. Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs. The Role The Direct Commercial and Digital Trading underwriting team is located in York. The team forms part of Hiscox UK’s central operations function and are responsible for the technical underwriting of new business and referrals, influencing the declinature rate targets for the portfolio using the change cycle. As a trainee underwriter you’ll sit within our Direct Commercial and Digital Trading underwriting operations team, developing your skills to underwrite our commercial policies as well as providing support and training to the Insurance Experts within the Customer Experience Centre or Broker Experience Centre who deal directly with commercial customers and brokers. The Digital team specifically focus on underwriting business via our E-trade platforms, where you will support the E-trade portfolio by identifying trends and recommending improvements to reduce the referrals and declinatures. You will start with us as a trainee underwriter and receive comprehensive training and development (both on and off the job) to enable you to develop your career in underwriting further. What You’ll Be Doing You’ll be underwriting our commercial products in line with our high standards Working towards set targets each month including profitability and productivity You’ll take a proactive approach to learning and developing your skills in underwriting and sales Profitable underwriting of eTrade referrals and risks including technical referrals for new business, MTAs and renewals within the agreed service standard Drive a two way appreciation of sales strategy and underwriting strategy with the relevant regional teams by maintaining strong lines of communication Between your mentors and peers there will be a two way appreciation of sales strategy and underwriting strategy Be committed to the underwriting strategies established by underwriting management Providing training and support to Insurance Experts to strengthen their technical knowledge Challenging decisions on nonstandard underwriting by referring to a specialist underwriter or underwriting manager Completing industry and product analysis, engaging relevant stakeholders and underwriting management focusing on growth and control measures Our must haves You’ll ideally have some experience in the insurance industry at an entry level You’ll be a strong team player as well as take ownership of tasks and driving results An analytical mind, proactive in thought process and the ability to back up the decisions you make You’ll thrive on fast paced pressure and be able to work quickly and accurately, show consistent dedication and commitment in a growing and demanding area of the business Self-motivated with a strong determination to achieve results and succeed personally Progression towards ACII qualification and/or willingness to study for this Diversity and flexible working at Hiscox At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role. Work with amazing people and be part of a unique culture