Insurance Underwriter

About the Role

Our client is seeking a diligent and analytical Insurance Underwriter to join their team based in Newcastle upon Tyne . You will play a crucial role in evaluating and selecting risks, determining policy terms, and setting premium rates to ensure the company's profitability and financial stability. This hybrid position offers a balance between focused work in the office and the flexibility of remote days, allowing you to contribute effectively to the underwriting department. You will collaborate closely with brokers and agents, applying your expertise to make informed decisions within a dynamic insurance market.

Key Responsibilities

• Assess insurance applications, analyzing risk factors and evaluating potential exposures.
• Determine appropriate policy terms, conditions, and premium rates based on underwriting guidelines and risk assessment.
• Maintain strong relationships with brokers and agents, providing expert advice and support.
• Monitor the performance of your underwriting portfolio, identifying trends and potential issues.
• Ensure compliance with all relevant regulatory requirements and company policies.
• Collaborate with the claims department to provide insights on policy interpretation and risk management.

Requirements

• Proven experience as an Insurance Underwriter or in a related risk assessment role.
• Strong understanding of insurance principles, financial analysis, and risk management techniques.
• Excellent analytical and decision-making skills.
• Proficiency in using underwriting software and databases.
• Effective communication and negotiation skills.
• Relevant professional qualifications (e.g., ACII) are advantageous.

Benefits

• Competitive salary package.
• Hybrid working model offering flexibility between office and remote work.
• Comprehensive health insurance and pension scheme.
• Opportunities for professional growth and career advancement.
• A supportive and collaborative team environment in our Newcastle upon Tyne office.