Risk Assessment and Management Expert
3 days ago
Hiscox UK Overview
We're a leading insurance brand, recognized for delivering strong growth and excellent returns. Our teams work collaboratively to drive success, focusing on customer satisfaction and business growth. We cater to diverse clients, from homes of the affluent to innovative technology companies.
We have multiple regional underwriting hubs across the UK, where our Service Delivery Underwriting teams work closely with colleagues to manage volume underwriting referrals for new and existing business. These teams play a vital role in driving growth and profitability.
The Trainee Underwriter will join these teams to deliver outstanding service aligned with our sales strategy. Key responsibilities include creating renewal terms, ensuring customer retention on optimal terms, and cross-selling new products to existing customers.
This role provides extensive professional development opportunities, exposure to our products, underwriting platform, and strategy.
Main Responsibilities:
- Underwrite new/existing commercial business (PSC) products in line with our high standards
- Work across broker distribution channels and commercial insurance products
- Achieve set targets each month, including profitability, GWP, conversion, retention, cross-sell, referral rate reduction, quotes per day, turnaround times, workflow management, phone service, and prospecting
- Develop sales skills and appreciation of sales and underwriting strategy in collaboration with wider teams and regions
- Effectively negotiate with internal and external parties, identifying key points of contact within brokers
- Challenge non-standard underwriting decisions, leveraging expertise of product specialists and senior team members
- Show courage and innovation by spotting process improvements and enhancing customer experience and driving profitable growth
Estimated Annual Salary: £28,000 - £38,000, depending on experience and location
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