Commercial Underwriting Specialist
13 hours ago
About Hiscox UK
We are a renowned insurance brand, known for delivering exceptional returns and growth. Our talented teams are committed to excellence, working together to drive success. We serve a diverse range of clients, from the homes of the affluent to cutting-edge technology companies.
We operate from several regional underwriting hubs across the UK, where our Service Delivery Underwriting teams collaborate closely with colleagues to oversee volume underwriting referrals for new and existing business. This is a pivotal role in driving growth and profitability.
Joining this team as a Trainee Underwriter, you'll be instrumental in delivering exceptional service aligned with our sales strategy. Your responsibilities will include crafting renewal terms, securing customer retention on optimal terms, and introducing new products to existing customers.
This role offers extensive professional growth opportunities, exposing you to our products, underwriting platform, and strategy.
Primary Responsibilities:
- Underwrite new/existing commercial business (PSC) products in accordance with our high standards
- Collaborate across broker distribution channels and commercial insurance products
- Achieve monthly targets, encompassing profitability, GWP, conversion, retention, cross-sell, referral rate reduction, quotes per day, turnaround times, workflow management, phone service, and prospecting
- Enhance sales skills and understanding 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 the expertise of product specialists and senior team members
- Demonstrate courage and innovation by recognizing process improvements and contributing to enhanced customer experience and driving profitable growth
Estimated Salary Range: £25,000 - £35,000 per annum, depending on location and experience
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