Underwriting Policy Developer

3 weeks ago


London, Greater London, United Kingdom Direct Line Group Careers Full time
About the Team

We are a customer-obsessed market powerhouse, combining decades of industry experience with talented people in every field. Our Pricing and Underwriting team is responsible for reducing risk and predicting future events to ensure our business can continue to grow while providing the best price for our customers.

The successful candidate will be part of this dynamic team, working closely with other departments to develop and implement underwriting policies and procedures that meet the needs of our customers.

Responsibilities:

  • Develop and implement underwriting policies and procedures.
  • Identify opportunities for sustainable growth and profitable expansion of footprint.
  • Analyze financial data and assess the impact of proposed changes on our business.
  • Ensure adherence to governance and controls.
  • Evaluate risks associated with underwriting decisions.

Requirements:

  • Strong understanding of underwriting principles, risk assessment, and pricing strategies, specifically across Personal Lines (ideally Home Insurance).
  • Experience in managing multiple products across different brands in a large organization.
  • Knowledge of Personal Lines distribution channels, including phone, digital, and price comparison websites.
  • Ability to lead and manage stakeholders effectively.

Benefits:

  • Estimated Salary: £65,000 - £85,000 per annum.
  • 9% employer contributed pension.
  • 50% off home, motor, and pet insurance, plus free travel insurance and Green Flag breakdown cover.
  • Additional optional Health and Dental insurance.
  • Up to 10% bonus.
  • EV car scheme allows all colleagues to lease a brand-new electric or plug-in hybrid car in a tax-efficient way.
  • 25 days annual leave, increasing each year up to a maximum of 28.
  • Buy as you earn share scheme.
  • Employee discounts and cashback.


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