Commercial Insurance Underwriter

Location City of London
Discipline: Insurance
Job type: Permanent
Salary: £45000.00 - £55000.00 per annum + + Hybrid Working
Contact name: Dervla O'Driscoll

Job ref: 9501
Published: 8 months ago
Startdate: ASAP

UNDERWRITER

MAYFAIR + HYBRID WORKING

SALARY UP TO £55,000

The Opportunity:
I'm working exclusively with a well-established underwriter looking to expand their team due to an unprecedented recent growth.
They are looking for Underwriters with a range of specialties including but not limited to, Construction, Professional Indemnity, Employers Liability, and Cyber Insurance. If you are looking for a supportive team with a commitment to encouraging their employees to maintain a work/ life balance apply today.

Key Responsibilities:

  • Review insurance applications and supporting documents to evaluate the level of risk.
  • Analyse factors such as applicant's age, health, occupation, and lifestyle to determine risk.
  • Determine coverage options, policy terms, and premium rates based on the risk assessment.
  • Ensure that policies align with underwriting guidelines and regulatory requirements.
  • Analyse relevant data to assess risk.
  • Collaborate with insurance agents, brokers, and applicants to gather necessary information.
  • Communicate underwriting decisions clearly and provide explanations when needed.
  • Identify potential risks and recommend risk mitigation strategies.
  • Monitor the performance of existing policies and make adjustments as necessary.
  • Maintain thorough and accurate records of the underwriting process and decisions.
  • Ensure compliance with company policies and industry regulations.
  • Stay updated with changes in the insurance industry, regulations, and emerging trends.
  • Adapt underwriting strategies to meet evolving market conditions.

Personal Specification:

  • Minimum 3 years' experience in Underwriting Commercial Insurance Policies
  • Cert CII highly preferred.
  • Acturis experience preferred.
  • Ability to be analytical with a high attention to detail

Benefits

  • Salary of up to £55,000 + Annual Company Bonus
  • Flexible/Hybrid working
  • Individual Private Healthcare
  • Support for further Insurance Qualifications
  • 25 days holidays + an additional day every year up to a maximum of 30 days

To Apply
We are currently shortlisting for interview so if you are an experience Commercial Insurance Underwriter, apply today.

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