Underwriter

Underwriter, Property

Grade: 4
Location: London

About us

IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.

ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.

The role

The role of an Underwriter at IQUW  is one which proves challenging yet truly rewarding. The role offers the opportunity to become a key member of a high-paced underwriting team within IQUW Group’s exciting new P&C operation.

The key to success in this role will be a highly detailed and analytical underwriting approach, strong relationship management and unparalleled sales skills, as well as strong organisational skills and the ability to think ahead and use initiative. You will need to thrive in a business development role and be able to demonstrate a skill for working with senior brokers/clients. You will need to take ownership of relationships and be confident these lead to profitable business.

Key responsibilities

• In collaboration with the Head of Class & Lead Underwriters, you will be responsible for delivering the Class approved plan and providing input into the longer-term strategy.
• Underwrite all elements of the Property portfolio.
• Drive underwriting excellence across the Property book by ensuring adherence to risk appetite, lines setting, standards and guidelines, rating and pricing adequacy.
• Ensure high quality underwriting, appropriate exposure assessment, contractual terms and adherence to respective rules and guidelines.
• Assist with the development of the pricing models to support the underwriting/pricing of the portfolio
• Lead and develop close relationships with our partner brokers.

Essential qualifications, skills and experience

• A proven track record of strong underwriting performance
• An excellent Market reputation across Property.
• An insatiable appetite to increase the profitability of the portfolio.
• Excellent communication skills, and the ability to deal comfortably with different types of people at all levels of seniority.
• Demonstrable experience of managing risks appropriately, applying judgement and being prepared to own and take responsibility for their decisions.
• Excellent Broker and Client relationships and the ability to develop business from a variety of sources.
• Experience in the use (and ideally the development) of online trading portals and/or other automated placement systems.

Benefits

• Competitive Benchmarked Salary
• 25 days holiday
• Discretionary bonus scheme
• Employee assistance programme
• Annual holiday buy (up to 3 extra days)
• Salary sacrifice benefits
• Annual benefits reviews
• The option for professional qualifications and study support

Additional Information

• A full job description can be seen here.