Insurance Underwriter

About the Role

Our client seeks a meticulous and analytical Insurance Underwriter to join their established team in Coventry . In this critical role, you will assess and select risks, determine appropriate coverage, and set premiums for new and existing policies. You will be instrumental in managing the company's risk portfolio, ensuring profitability while providing competitive insurance solutions to clients. This position requires a deep understanding of risk assessment principles and market dynamics, operating within a collaborative office environment where expertise is valued and team success is paramount.

Key Responsibilities

• Evaluate insurance applications, assessing risks and determining the insurability of applicants based on established guidelines.
• Set appropriate premium rates and terms for new policies, balancing risk exposure with company profitability goals.
• Analyze market trends, competitor offerings, and regulatory changes to inform underwriting strategies.
• Communicate effectively with brokers and agents to gather necessary information and explain underwriting decisions.
• Monitor the performance of assigned policy portfolios, identifying potential issues and recommending adjustments.
• Uphold the company's underwriting standards and ethical practices at all times.

Requirements

• Experience in insurance underwriting , with a strong understanding of risk assessment and pricing models.
• Proficiency in analyzing financial data, statistical information, and market research.
• Excellent decision-making skills and the ability to work autonomously.
• Strong communication and negotiation abilities when interacting with intermediaries.
• Familiarity with underwriting software and relevant insurance regulations.
• Professional qualifications such as ACII or equivalent are advantageous.

Benefits

• Competitive annual salary with potential for performance-related bonuses.
• Comprehensive private medical insurance and wellness programs.
• Contributory pension scheme and life assurance benefits.
• Significant opportunities for professional development and gaining further qualifications.
• A professional and structured office environment fostering career growth.