Insurance Risk Underwriter

4 weeks ago

London, Greater London, United Kingdom QBE Management Services (UK) Limited Full time

About the Role

We are seeking an experienced Insurance Risk Underwriter to join our Transactional Liability team in London. As an Assistant Underwriter, you will be responsible for evaluating broker submissions, preparing quotes, and assisting the team with underwriting a broad spectrum of M&A risks.

Key Responsibilities

  • Underwrite business in accordance with the business plan and within our UK and European business.
  • Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met.
  • Contribute to the recording and measurement of insurance risks to ensure accuracy and good practice.
  • Maintain and develop relationships with stakeholders including customers, brokers, business partners and colleagues, to increase exposure in the market.
  • Develop knowledge of market dynamics and market cycles to be able to support business performance.
  • Underwrite insurance risks to meet business objectives including negotiating rates, terms and conditions for existing and new business, ensuring production and issue of contract certainty documentation and supporting credit control in payment collection.
  • Support the review and analysis of the portfolio to identify progress towards business objectives.

About You

  • An interest and understanding of corporate law/M&A.
  • Previous experience in the Insurance industry or in a relevant role (such as Law/Legal).
  • A high level of numeracy and literacy.
  • Highly organised with good analytical and critical thinking skills.
  • Effective communication and interpersonal skills.
  • Problem solving skills – demonstrates tenacity in handling and resolving queries.
  • Intermediate level understanding of relevant software, including Excel and other departmental software packages.

Why QBE?

At QBE, we want our people to feel rewarded and inspired to perform at their best. We offer a range of benefits and flexible working arrangements to support our employees in achieving a better work-life balance.

Our Culture

We are committed to creating a workplace culture where all our people feel included and valued. We strive to build a diverse and inclusive team that reflects the communities we serve.

Our Awards

We are proud to have won several awards, including the AXCO Global Insurance Awards 2024 Winner: Network Management of the Year and the Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer.

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