Development Underwriter

2 months ago


Redhill, Surrey, United Kingdom SPE Travelers Management, LTD Full time
About the Role

We are seeking a skilled Development Underwriter to join our Professional Indemnity team on a 12-month fixed-term contract. As a key member of our team, you will be responsible for underwriting and assessing risk for products and accounts from assigned brokers, making informed decisions within your underwriting authority.

Key Responsibilities
  • Underwrite and assess risk for products and accounts from assigned brokers, making appropriate decisions within your underwriting authority.
  • Consistently apply Travelers Insurance Company Limited (TICL) underwriting principles to underwrite accounts and risks, considering different approaches to maximize profitability.
  • Negotiate terms and conditions consistent with regional or product underwriting requirements and standards within submission timeframe.
  • Understand and execute product segment strategies to produce budgeted results.
  • Continuously manage your book of business, maintaining the quality of business required by regional or product underwriting strategy.
  • Accountable for accurate underwriting documentation and information in account management systems and adherence to documentation standards.
  • Develop and leverage broker/client relationships through a high level of visibility and using a disciplined sales management approach.
  • Effectively develop and execute sales plans for assigned brokers in conjunction with regional sales leadership.
Requirements
  • Previous experience of underwriting in solicitors professional indemnity required.
  • Degree education preferred.
  • Working knowledge of industry business operations and work methods, critical business issues, and financial drivers that affect the Line of Business.
  • Working knowledge of the local insurance marketplace and effectively uses that knowledge to the Company's advantage.
What We Offer
  • Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
  • Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
  • Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
  • Wellness Programme: The Travelers wellness programme is comprised of tools, discounts, and resources that empower you to achieve your wellness goals and caregiving needs.
Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.



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