Insurance Underwriting Expert

2 weeks ago


London, Greater London, United Kingdom Direct Line Group Careers Full time
About the Role

We are seeking an Insurance Underwriting Expert to join our team at Direct Line Group Careers. As a Risk Management Specialist, you will play a crucial role in developing brand-specific underwriting strategies tailored to meet the needs of our customers.

Key Responsibilities:

  • Develop and implement underwriting policies and procedures to ensure compliance with regulatory regulations.
  • Identify opportunities for sustainable growth and profitable expansion of footprint.
  • Analyze financial data and assess the impact of proposed changes on our business.
  • Ensure adherence to governance and controls, including thorough documentation and management of underwriting criteria, rules, and decisions.
  • Evaluate risks associated with underwriting decisions and develop strategies to mitigate them.

Requirements:

  • Strong understanding of underwriting principles, risk assessment, and pricing strategies, specifically across Personal Lines (ideally Home Insurance).
  • Experience in managing multiple products across different brands in a large organization.
  • Knowledge of Personal Lines distribution channels, including phone, digital, and price comparison websites.
  • Ability to lead and manage stakeholders effectively.

What We Offer:

  • Estimated Salary: £60,000 - £80,000 per annum.
  • 9% employer contributed pension.
  • 50% off home, motor, and pet insurance, plus free travel insurance and Green Flag breakdown cover.
  • Additional optional Health and Dental insurance.
  • Up to 10% bonus.
  • EV car scheme allows all colleagues to lease a brand-new electric or plug-in hybrid car in a tax-efficient way.
  • 25 days annual leave, increasing each year up to a maximum of 28.
  • Buy as you earn share scheme.
  • Employee discounts and cashback.

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