Associate Underwriter bei Hiscox

Job Type:

Build a brilliant future with Hiscox
 

Position: Associate Underwriter

Reporting to: Major Property Line Underwriter

Location: London

Type: Full Time

About the team / division

Hiscox London Market has an exciting future. In the Property Division our team of over twenty-seven underwriters and analysts focus on Property & Alternative Risk lines written within London Market. Methods of placement range from direct and facultative, shared and layered open market placements, to binders and line slips, both digital and traditional. Expectations are high, but the team enjoy a well-established, lead market position and have an excellent track record of outperforming our peers – the challenge will be not just to maintain this, but to drive it forward in an ever-evolving market place.

We are looking for an underwriter to join our Major Property team, focussing on writing middle market commercial property (TIVs $50m - $1bn), currently an underserved segment of our property portfolio and a key growth opportunity going forwards. Initially business will be written via the open market (at the box in Lloyd’s), facilities and delegated authorities, with a longer-term ambition to add a digitally traded segment targeting ‘core’ and profitable occupancies and writing via APIs direct to US wholesale. Hiscox see middle market commercial property as a significant profitable growth opportunity and the successful candidate will be joining a team on the outset of this exciting journey.

Success will be measured by progressing from a supporting role into generating revenue, optimising the portfolio and developing new business both through relationships and product development. If you like a challenge and work to high standards, this could be the role for you.

The Role

We are looking for an associate underwriter to join our underwriting team in London. This is a new role and will report directly into the Line Underwriter.

The key to success in this role will be strong relationship management, proactive approach to learning and showing initiative to support other underwriters in the team. You will need to thrive in a team environment and be able to demonstrate your enthusiasm in developing your property and underwriting knowledge.

What you’ll be doing

· Deliver underwriting performance in line with the budget.

· Develop relationships and maintain existing relationships.

· Support your underwriting team with managing their pipeline of risks and providing pre-underwriting support.

· Learn to underwrite (within authority), price and negotiate accounts in a high volume environment consistent with the quality of the risk and according to the Middle Market strategy (<$1bnTIV, a range of occupancy and territory) and guidelines; mainly focused on renewal business but you may also handle new business from established distribution channels.

· Underwrite referrals from our coverholder portfolio

· Drive ongoing and continuous improvement within the underwriting team.

· Manage and analyse a portfolio of business and make recommendations to Line Underwriter on how to improve profitability and ensure production targets are met.

· Achieve production targets and underwrite business profitably in a high volume environment.

· Maintain excellent service standards.

· Work on other projects, as assigned

· Participate in client and broker calls/ meetings to further develop knowledge of the class.

Our must haves

· Excellent communication skills with confidence to build relationships at all levels, and ask questions to ensure requirements and rationale are understood.

· Good understanding of Insurance contracts, wordings, and all fundamental terms: coverage, exclusions, limitations, reserving etc.

· Enthusiastic, hardworking and driven individual with a focus on providing the best possible service whilst being a team player.

· Able to demonstrate evidence of using analytical skills to support decision making.

· Can demonstrate ability to prioritise and organise workload in order to meet tight deadlines.

· Able to learn and take on new tasks quickly and use own initiative to explore possibilities before raising queries.

· Proactive, showing initiative when completing tasks by pre-empting issues and proposing solutions for them.

· Flexible approach to work with a strong desire to learn and undertake additional responsibilities.

· Builds productive, professional relationships with brokers

· Working towards achieving ACII

Our nice to haves

· Degree educated or equivalent

Diversity and flexible working at Hiscox

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can.

About Hiscox

As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.

We insure the unique and the interesting and we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.

Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.

Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.

You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)

Work with amazing people and be part of a unique culture