Insurance Risk Assessor

About the Role

Our client is seeking a meticulous and analytical Insurance Risk Assessor to join their team in Plymouth . This role is fundamental to evaluating the potential risks associated with insuring individuals or businesses, ensuring that policies are priced appropriately and that the company maintains a balanced portfolio. You will conduct detailed assessments, utilizing various data sources to determine risk levels and recommend suitable terms and conditions. The ideal candidate will possess strong analytical skills, a comprehensive understanding of risk factors, and excellent communication abilities to liaise with clients and internal teams. This is an excellent opportunity to contribute to the stability and growth of a key player in the UK insurance sector.

Key Responsibilities

• Evaluate insurance applications to identify and assess potential risks associated with policyholders.
• Analyze financial data, historical records, and other relevant information to determine risk profiles.
• Determine appropriate premiums, deductibles, and policy terms based on risk assessment findings.
• Develop and implement risk mitigation strategies in collaboration with underwriting and sales teams.
• Stay updated on industry trends, emerging risks, and regulatory changes impacting the insurance market.
• Prepare detailed reports and recommendations for underwriting decisions and portfolio management.

Requirements

• Proven experience in risk assessment or underwriting, ideally within the UK insurance market.
• Strong analytical and quantitative skills, with the ability to interpret complex data.
• Solid understanding of various insurance products and the factors influencing risk.
• Excellent report-writing and presentation skills.
• Proficiency in risk assessment tools and standard office software.
• A degree in finance, economics, mathematics, or a related field is advantageous.

Benefits

• Competitive salary and performance-related bonuses.
• Opportunities for professional development and gaining relevant certifications.
• Work within a dynamic team environment in the scenic location of Plymouth .
• Comprehensive health and pension benefits.
• Exposure to a wide range of insurance risks and industries.