Underwriting Expert
5 days ago
We are seeking an experienced Trading Underwriter to join our team and utilise their skills in evaluating customer risks and exposures.
Salary: £35,000 to £40,000 per annum + bonus + benefits including share options.
About the RoleThe underwriting department is responsible for assessing risk and exposures of customers for new business, mid-term adjustments, and renewals from a network of brokers in the UK and Ireland.
- Evaluate customer risks and exposures for new business, mid-term adjustments, and renewals.
- Quote, convert, and retain business to meet performance targets for specialist home insurance products.
As a Trading Underwriter, your primary goal is to underwrite the full range of products from all distributions.
- Underwrite according to the company's Internal Underwriting Guide and Underwriting authority awarded.
- Trade with Brokers to maximise conversion and retention within your authority.
- Provide regular reports to Line Manager.
- Renewal/Existing and New Business Control.
- Take underwriting referrals from other offices when outside individuals' level of authority.
- Support income, conversion, and retention objectives.
- Conduct Peer Reviews as allocated and as per PP003 – UNDERWRITING PEER REVIEW PROCESS.
- Assist in the development of new and existing products.
- Handle incoming enquiries from clients, insurers, and other third parties in a professional and timely manner.
- Protect the interests of our capacity providers.
- Perform macro underwriting tasks as required.
To succeed in this role, you will need:
- Previous Non-Standard Underwriting experience within an MGA, insurance company, or Lloyds Syndicate.
- Cert CII or Dip CII essential.
Estimated Salary: Approximately £38,500 per annum, based on industry standards.
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