Underwriting Officer

3 weeks ago

London, United Kingdom Travelers Full time

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Underwriting

Target Openings

1

What Is the Opportunity?

Here at Travelers, we have big ambitions We are looking for an Underwriting Officer to support our well respected Professional Indemnity team based in London. This is a fantastic opportunity for someone with previous experience in a similar role, or who has some portfolio management responsibilities and is ready to take the next step in their career.

As Underwriting Officer you will play a pivotal role in developing, shaping and influencing the underwriting strategy and standards across all of our Professional Indemnity products, including standard solicitors, platinum solicitors, and professions. Drawing on your previous experience within the Solicitors PI space, you will also be responsible for identifying profitable growth opportunities and providing direction to balance growth, risk and profitability across the PI portfolios.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

Primary Job Duties & Responsibilities

In conjunction with VP BSI, CUO BSI and Enterprise colleagues in BSI US, establish strategic long and short term underwriting strategies to effectively achieve profit and growth objectives. Participate in the establishment of underwriting and product development strategies that reflect market competitive conditions and global BSI appetite. Work collaboratively with BSI Practice Leaders and Product Managers in the US to develop underwriting guidance and best practice. In conjunction with the relevant business unit leaders ensure the successful implementation of our agreed underwriting strategies. Support business unit leaders in strategic business planning activities. In conjunction with the relevant business unit leaders, responsibilities include, but are not limited to: Monitoring loss ratio and claim trends across all Professional Indemnity products and making recommendations for underwriting strategy revisions. Monitoring the regulatory and statutory environments in territories where we trade, industry developments & claims trends, and making recommendations for underwriting strategy revisions. Overseeing and engaging in the approval, sign-off and development of policy wordings. Establishing underwriting and pricing guidelines. Ensuring that automation systems and the tools to support Product initiatives are designed & implemented effectively. Providing direction & training to underwriters on Professional Indemnity product features and underwriting/pricing techniques. In conjunction with the relevant business unit leaders provide oversight to portfolio management/strategic underwriting decisions to ensure production, financial and underwriting objectives with respect to profitability are achieved. Underwriting responsibilities include, but are not limited to: Act as key underwriting referral point for Professional Indemnity products internally and where underwriting authority has been delegated externally. Daily interaction with Development Underwriters on their respective risks, including acting as a referral resource. Respond as appropriate to regulatory and legal environment changes. Involved with building/maintaining customer and agent relationships. Participate in, prepare reports and present at Collaborative Underwriting Reviews (CUREs) and Portfolio Reviews. Participate in underwriting audits and in conjunction with the business unit leaders, is responsible for monitoring trends and ensuring that resultant action plans/measures are implemented. Participate in reviewing training needs and creating and delivering training to Development Underwriters. Other duties as assigned Be Committed, Be Connected, Be Creative and Be Energised – these are the values we are passionate about. Understanding and embracing our values will shape your success and contribute to making Travelers Europe a great place to work. To be successful, you will need to consistently deliver a great experience in every customer contact; connect with the right partners internally to find creative solutions to problems; be a role model; and consistently deliver on your commitments.

Minimum Qualifications

Relevant underwriting experience in Professional Indemnity, Management Liability and/or Financial Institutions classes with a demonstrated experience in handling complex risks either as an underwriter or a referral point for underwriters.

Education, Work Experience, & Knowledge

Bachelors degree or higher education level preferred. Underwriting experience across classes of business and lines of business.

Licensing or Certificates

ACII or working towards

Job Specific Technical Skills & Competencies

Clearly demonstrates specific knowledge of Profesional Indemnity products available in the UK relating to underwriting, marketing and product development. Recognises opportunities to exploit and penetrate new markets. Takes advantage of all critical opportunities to increase market share. Identifies customer needs and takes appropriate underwriting action to meet those needs. Acts with a sense of urgency. Takes intelligent risks. Has strong knowledge of competitive market conditions. Works effectively with all levels and can easily build new relationships. Strong understanding of business objectives to drive bottom line results. Acts in a decisive manner to achieve financial results. Understands all related financial implications of insurance products, risk funding approaches and servicing strategies on expenses, income, etc. Makes underwriting decisions consistent with overall business objectives. Advanced level of proficiency required in the following leadership competencies: Change Management, Strategic Planning, Making Decisions, Results Orientation, Influencing, Leadership, Power, Business Perspective, Risk Taking, Innovation and Understanding & Navigating the Organisation. Forging Synergy, Develops Employees, Building Collaborative Relationships, Communicating Effectively, Leveraging Differences, Participative Management and Leading Employees. Openness to Influence, Flexibility, Demonstrates Leadership Stature, Self-Awareness, Credibility and Seeks Opportunities to Learn.

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. 

  • Property Underwriter

    3 weeks ago

    London, United Kingdom Rokstone Underwriting Full time

    Role: Underwriter/Senior Underwriter - PropertyReporting to: Head of RecyclingLocation: Hybrid - Office and HomeRole:We are looking for an experienced Property Underwriter to join our longest-established product line, a niche underwriting facility targeting waste & recycling risks based in the UK, Australia, and the US. We have a long and successful history...

  • Property Underwriter

    3 weeks ago

    London, United Kingdom Rokstone Underwriting Full time

    Role:Underwriter/Senior Underwriter - PropertynReporting to:Head of RecyclingnLocation:Hybrid - Office and HomeRole:nWe are looking for an experienced Property Underwriter to join our longest-established product line, a niche underwriting facility targeting waste & recycling risks based in the UK, Australia, and the US. We have a long and successful history...

  • Assistant Underwriter

    2 weeks ago

    London, United Kingdom Instant Underwriting Full time

    The JobnAs part of our growth aspirations we’re excited to be adding to our team - we're looking for an Assistant Underwriter (Property, SME Package). You will be responsible for providing underwriting support to the team and work closely with agents and brokers, providing exceptional customer service and building strong relationships, while ensuring the...

  • Assistant Underwriter

    3 weeks ago

    London, United Kingdom Instant Underwriting Full time

    The JobnAs part of our growth aspirations we’re excited to be adding to our team - we're looking for an Assistant Underwriter (Property, SME Package). You will be responsible for providing underwriting support to the team and work closely with agents and brokers, providing exceptional customer service and building strong relationships, while ensuring the...

  • Property Underwriter

    2 weeks ago

    London, United Kingdom Rokstone Underwriting Full time

    Role: Underwriter/Senior Underwriter - Property Reporting to: Head of Recycling Location: Hybrid - Office and Home Role: We are looking for an experienced Property Underwriter to join our longest-established product line, a niche underwriting facility targeting waste & recycling risks based in the UK, Australia, and the US. We have a long and...

  • Property Underwriter

    5 days ago

    London, United Kingdom Rokstone Underwriting Full time

    Job Description Role: Underwriter/Senior Underwriter - Property Reporting to: Head of Recycling Location: Hybrid - Office and Home Role: We are looking for an experienced Property Underwriter to join our longest-established product line, a niche underwriting facility targeting waste & recycling risks based in the UK, Australia, and the US. We have a...

  • Property Underwriter

    1 week ago

    London, United Kingdom Rokstone Underwriting Full time

    Role: Underwriter/Senior Underwriter - PropertyReporting to: Head of RecyclingLocation: Hybrid - Office and HomeMake sure to apply with all the requested information, as laid out in the job overview below.Role:We are looking for an experienced Property Underwriter to join our longest-established product line, a niche underwriting facility targeting waste &...

  • Property Underwriter

    4 weeks ago

    London, United Kingdom Rokstone Underwriting Full time

    Job Description Role: Underwriter/Senior Underwriter - Property Reporting to: Head of Recycling Location: Hybrid - Office and Home Role: We are looking for an experienced Property Underwriter to join our longest-established product line, a niche underwriting facility targeting waste & recycling risks based in the UK, Australia, and the US. We have a...

  • Property Underwriter

    3 weeks ago

    London, United Kingdom Rokstone Underwriting Full time

    Role: Underwriter/Senior Underwriter - PropertyReporting to: Head of RecyclingLocation: Hybrid - Office and HomeRole:We are looking for an experienced Property Underwriter to join our longest-established product line, a niche underwriting facility targeting waste & recycling risks based in the UK, Australia, and the US. We have a long and successful history...

  • Property Underwriter

    2 weeks ago

    London, United Kingdom Rokstone Underwriting Full time

    Role: Underwriter/Senior Underwriter - Property Reporting to: Head of Recycling Location: Hybrid - Office and Home Role: We are looking for an experienced Property Underwriter to join our longest-established product line, a niche underwriting facility targeting waste & recycling risks based in the UK, Australia, and the US. We have a long and...

  • Property Underwriter

    4 weeks ago

    London, United Kingdom Rokstone Underwriting Full time

    Role: Underwriter/Senior Underwriter - PropertyCheck all associated application documentation thoroughly before clicking on the apply button at the bottom of this description.Reporting to: Head of RecyclingLocation: Hybrid - Office and HomeRole:We are looking for an experienced Property Underwriter to join our longest-established product line, a niche...

  • Property Underwriter

    2 weeks ago

    London, United Kingdom Rokstone Underwriting Full time

    Role: Underwriter/Senior Underwriter - PropertyReporting to: Head of RecyclingLocation: Hybrid - Office and HomeRole:We are looking for an experienced Property Underwriter to join our longest-established product line, a niche underwriting facility targeting waste & recycling risks based in the UK, Australia, and the US. We have a long and successful history...

  • Media Underwriter

    4 weeks ago

    London, United Kingdom CFC Underwriting Full time

    Working within our international Media team, you will be responsible for underwriting a caseload of new and renewal business for clients operating within the creative industries. You will work closely with the Underwriters, Managers and the Team Leader in order to provide exceptional service and forward-thinking insurance solutions to this evolving sector....

  • Underwriter (Healthcare)

    4 weeks ago

    London, United Kingdom CFC Underwriting Full time

    As an Underwriter on our Healthcare team you’ll work closely with the Healthcare Team Leader in all aspects of underwriting, including new business and renewal underwriting, responding to broker queries and driving business development through developing your own broker relationships.- You’ll have a solid background in underwriting healthcare products...

  • Underwriters Required

    4 hours ago

    London, Greater London, United Kingdom Carbon Underwriting Full time

    Casualty Underwriter Based in London circa 3 days a week in office, 2 days from home Now that Carbon has matured into a full syndicate, our casualty portfolio is rapidly expanding and so is our team We have ambitious goals and are looking for someone to play a key role in achieving them. Carbon takes career progression very seriously; we are keen to...

  • Property Underwriter

    4 weeks ago

    London, England, United Kingdom Rokstone Underwriting Full time

    Role:Interested in learning more about this job Scroll down and find out what skills, experience and educational qualifications are needed.Underwriter/Senior Underwriter - PropertyReporting to:Head of RecyclingLocation:Hybrid - Office and HomeRole:We are looking for an experienced Property Underwriter to join our longest-established product line, a niche...

  • Casualty Underwriter

    1 month ago

    London, United Kingdom Carbon Underwriting Full time

    Casualty Underwriter Based in London circa 3 days a week in office, 2 days from home Now that Carbon has matured into a full syndicate, our casualty portfolio is rapidly expanding and so is our team! We have ambitious goals and are looking for someone to play a key role in achieving them. Carbon takes career progression very seriously; we are keen to...

  • Casualty Underwriter

    3 weeks ago

    London, United Kingdom Carbon Underwriting Full time

    Casualty Underwriter Based in London circa 3 days a week in office, 2 days from home Now that Carbon has matured into a full syndicate, our casualty portfolio is rapidly expanding and so is our team! We have ambitious goals and are looking for someone to play a key role in achieving them. Carbon takes career progression very seriously; we are keen to...

  • Casualty Underwriter

    2 weeks ago

    London, United Kingdom Carbon Underwriting Full time

    Casualty Underwriter Based in London circa 3 days a week in office, 2 days from home Now that Carbon has matured into a full syndicate, our casualty portfolio is rapidly expanding and so is our team! We have ambitious goals and are looking for someone to play a key role in achieving them. Carbon takes career progression very seriously; we are keen to...

  • Casualty Underwriter

    2 weeks ago

    London, United Kingdom Carbon Underwriting Full time

    Casualty Underwriter Based in London circa 3 days a week in office, 2 days from home Now that Carbon has matured into a full syndicate, our casualty portfolio is rapidly expanding and so is our team! We have ambitious goals and are looking for someone to play a key role in achieving them. Carbon takes career progression very seriously; we are keen to...