Underwriting Apprentice

Role: Underwriting Apprentice - Property (2 year programme)

Location: London

Position: Fixed Term Contract (2 years)
- Are you interested in the issues impacting businesses and the economy globally? At MS Amlin we work with companies to respond to those issues. From climate change to future pandemics, we assess the risks that companies face, and assume that risk through the insurance we provide. Working within the Lloyd’s of London marketplace, our work is varied - from protecting cargo ships at risk of piracy to supporting communities in the wake of a hurricane. Our job is to protect our clients from loss - operational, financial and reputational - and it takes time to build that expertise. We’re looking for curious and enthusiastic people who want to experience working in insurance.
- The underwriting apprentice role will be part of a busy team supporting with the day to day underwriting activities. This will include looking after data and making sure its managed smoothly and keeping to required time frames. The apprentice will support the underwriters to underwrite various allocated accounts in line with the business plan. They will also support that produces a return to capital providers in accordance with the divisional business plans. The apprentice will also provide technical and administrative support to Underwriters. This work will include statistical analysis and reporting on business activity. In addition, the apprentice will support with the production of relevant reports to ensure the team is meeting its regulatory requirements internally and externally. This is a role that is at the heart of everything we do.
- This apprentice role primarily focused on providing support to underwriters.

About The Job

What you’ll spend your time doing:
While there is rarely a typical day, here’s a snapshot of some of the key parts of the job:
- Work with underwriters to help delivery of client-facing transactional service activities that include analysing data sources and making informed judgements on potential insurance data sources- Assisting in the day-to-day running of client risk and insurance programmes- Contributing proactively to client satisfaction, retention and profitability- Supporting senior underwriters with any risk identifiers that could impact underwriting decisions by learning about various cases/premiums- Carrying tasks contributing to the success of your underwriting team- Maintain and update data accurately internally including all insurance records and management information- Setting up references for new & renewal accounts.- Making sure all risks are actioned accordingly in our internal system. (S2000)- Save any relevant documents to the Internal insurance system- Ad hoc reporting, renewals lists, looking after and analysing monthly rates, aggregate and premium projections and monitoring- Responding to box queries and exceptions on IQcanvases- Assist with creating various reports i.e. data fitness reports- Build effective relationships with key stakeholders internal & external and with own peer group within the market to ensure continued growth- Remain alert to developments affecting the business of the class.- Participate in the monitoring of underwriting against the Business Plan drawing attention to exceptions where identified to ensure we are meeting targets.- Assist with resolving standard risk review queries and meeting critical deadlines- Working closely with lead/senior underwriters in the team to reviewing insurance policies and procedures to ensure these are being adhered to- Work closely with underwriters and provide recommendations on potential authority limits, challenging issues as required on various cases.

You’re going to enjoy this job if you also:
- Curious- Good communicator and negotiation skills- Team player- Attention to detail- Numerical skills- Analytical and critical thinking- Enjoy maths and stats- Have an eye for detail- Are a strong problem solver- Can explain complex data in simple terms

What you’ll need:
For this particular role there are some important qualifications and experience we need you to have. These include:
- GCSE in Maths and English or equivalent at grade 4 or above- A ‘Level results in A-C range

What you can expect from us:
A competitive salary and benefits package is a given, but you can also expect:
- A great team and supportive colleagues- Hybrid Working environment- Flexible Working- A strong focus on diversity, inclusion and equal opportunities- A programme of wellbeing and mental health support- Employer-supported volunteering (ESV)- Continuous learning and study support- Structured career development- An open mind (especially to new ideas and ways of doing things)

About MS Amlin
- MS Amlin is a group of leading global (re)insurance companies, and we are part of the global top-10 non-life insurance group MS&AD. We operate through four legal entities operating in the Lloyd’s, Continental European, US and Bermudian global (re)insuran