Senior Insurance Underwriter

About the Role

Our client is seeking a highly experienced and analytical Senior Insurance Underwriter to join their dynamic team in the heart of London . This pivotal role involves assessing and evaluating complex insurance risks, determining coverage terms, and setting appropriate premiums to ensure profitability and compliance with regulatory standards. You will play a crucial part in the company's success by making informed decisions that balance risk and reward, contributing to the strategic growth of our insurance portfolio within the competitive UK market. The ideal candidate will possess a deep understanding of underwriting principles and a proven track record of managing challenging cases, working within a collaborative environment that values expertise and meticulous attention to detail.

Key Responsibilities

• Analyze complex insurance applications, assessing risks and determining eligibility for coverage.
• Develop and apply appropriate underwriting guidelines and pricing strategies to ensure profitability.
• Negotiate terms, conditions, and pricing with brokers and agents, building strong professional relationships.
• Review and manage existing policy renewals, identifying opportunities for adjustment or cancellation based on risk profile changes.
• Collaborate with claims, actuarial, and product development teams to provide insights on risk trends and market conditions.
• Mentor junior underwriters and provide guidance on complex cases and underwriting best practices.

Requirements

• A minimum of 7 years of experience in insurance underwriting, with a focus on commercial lines or specialty insurance.
• Proven ability to interpret financial statements, risk assessments, and other relevant documentation.
• Strong understanding of insurance law, regulatory requirements, and market dynamics in the United Kingdom .
• Excellent negotiation, communication, and decision-making skills.
• Relevant professional qualifications such as ACII or equivalent.

Benefits

• Competitive annual salary with performance-based bonuses.
• Comprehensive private medical and dental insurance coverage.
• Generous pension scheme and life assurance.
• Opportunities for professional development and further qualifications.
• Hybrid working model offering a balance between office collaboration and remote flexibility in London .