Insurance Underwriting Specialist
3 days ago
Role Overview
We are seeking a highly skilled Insurance Underwriter to join our team in the UK. This is an exciting opportunity for someone to develop their career in insurance and play a key role in shaping our underwriting strategy.
About the Role
The successful candidate will be responsible for reviewing underwriting acceptance rules and documentation, making changes/recommendations as appropriate to deliver profitable performance and optimise profitable growth.
This involves recommending new underwriting concepts, product covers and documentation by utilising market/ legal/competitor analysis, working alongside the Pricing team to recommend enhancements or alterations to pricing or underwriting criteria.
Taking responsibility for our Underwriting Footprint to broaden our competitive footprint across the broker portfolio, being a key liaison point with brokers, partners, external service providers and internal Sales, Claims and other management teams.
Key Responsibilities
- To review the underwriting acceptance rules and documentation and make underwriting changes/recommendations, as appropriate, to deliver profitable performance and optimise profitable growth.
- To recommend new underwriting concepts, product covers and documentation by utilising market/ legal/competitor analysis.
- To work alongside the Pricing team by recommending new enhancements or alterations to pricing or underwriting criteria.
- To take responsibility for our Underwriting Footprint to broaden our competitive footprint across the broker portfolio.
- To be a key liaison point with brokers, partners, external service providers and internal Sales, Claims and other management teams.
Requirements
We are looking for someone with a sound understanding of underwriting and pricing principles and experience of a wide range of technical issues affecting the Insurance Market.
A very high degree of numeracy with a strong ability to analyse and interpret large quantities of data, excellent skills in explaining both internally and externally to key business partners the interpretation of policy wordings, underwriting decisions and the outcome of audits.
Ability to work with people at all levels, internally and externally, confident decision-maker who exhibits a willingness to take responsibility, able to prioritise work to meet deadlines, managing multiple work streams and stakeholders.
Benefits
We offer a wide range of benefits to support you and your family inside and outside of work, including flexible working options, supporting your health through dental insurance and health cash plan, supporting your wealth through annual bonus schemes and competitive pension.
Supporting you at work through well-being activities, sports and social club events, supporting you and your family with maternity leave entitlements and partner life assurance.
Getting around with car salary exchange, cycle scheme and vehicle breakdown cover, getting some tech deals on gadgets including wearables, tablets and laptops.
Supporting you back to work with return to work programme after maternity leave.
Salary
The estimated salary for this role is £55,000 - £65,000 per annum, depending on experience.
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