Open roleExternal
Insurance Underwriter
- birmingham, west midlands, B3 3DQ, United Kingdom
- Permanent·Hybrid
- Full time
- £55,000 - £55,000 Per Annum
Job Description
About the Role
Our client is seeking a detail-oriented and analytical Insurance Underwriter to join their team in Birmingham . This role is crucial for assessing and managing the risks associated with insurance policies, ensuring the profitability and stability of the company's portfolio. You will work closely with brokers and agents to evaluate applications, determine appropriate coverage terms, and set pricing strategies. This position offers a dynamic work environment where your expertise in risk assessment directly impacts the business's success, with a blend of in-office collaboration and remote flexibility.
Key Responsibilities
- Analyze insurance applications to assess risks, considering factors such as applicant history, financial stability, and market conditions.
- Determine the terms, conditions, and pricing for insurance policies to ensure adequate coverage and profitability.
- Communicate underwriting decisions and rationale clearly to brokers, agents, and internal stakeholders.
- Develop and maintain strong relationships with intermediaries, providing technical expertise and support.
- Stay abreast of industry trends, regulatory changes, and emerging risks that may impact underwriting practices.
- Collaborate with the claims department to understand loss trends and inform underwriting strategies.
Requirements
- Proven experience as an Insurance Underwriter , preferably in commercial lines.
- Strong analytical and decision-making skills with a keen eye for detail.
- Excellent understanding of insurance principles, risk management, and financial analysis.
- Proficiency in underwriting software and standard business applications.
- Relevant professional qualifications (e.g., CII) are advantageous.
Benefits
- Competitive salary and potential for annual bonuses.
- Hybrid work model offering flexibility between office and remote work.
- Comprehensive health and wellness programs.
- Contributory pension scheme and life assurance.
- Opportunities for professional development and certifications.