Insurance Underwriter

Job Description

We are looking for an Insurance Underwriter with expertise in risk assessment to join our dedicated team in Birmingham. The successful candidate will evaluate insurance applications, assess risk, and determine appropriate coverage terms.

Responsibilities

• Assess risk factors in insurance applications and make decisions on policy acceptance.
• Develop proposals for policy coverage and premium rates.
• Analyze market trends to inform underwriting decisions.
• Keep accurate records of all underwriting activities.
• Communicate with clients to clarify their insurance requirements.
• Examine claims to ascertain coverage and evaluate liability.
• Work closely with compliance teams to ensure all regulations are met.
• Engage with sales staff to create customised insurance offerings.

Requirements

Education

• Bachelor's degree in Finance, Business Administration, or related field

Experience

• 3-5 years of underwriting experience in the insurance industry

Technical Skills

• Risk Assessment
• Analytical Skills

Soft Skills

• Communication
• Attention to Detail

Certifications

• Chartered Insurance Institute (CII) certification

Languages

• English: Fluent

Advantageous

• Experience with underwriting software: Familiarity with industry-standard underwriting tools and software applications.
• Knowledge of regulatory compliance in insurance: Understanding of compliance regulations affecting the insurance industry.

Benefits

• Competitive salary package
• Annual performance bonuses
• Comprehensive health insurance
• Pension scheme
• Flexible working hours

Company Culture

• Innovation: We encourage innovative thinking and proactive problem-solving within our teams.
• Teamwork: Collaboration and support among teams create a productive atmosphere.
• Integrity: We value transparency and integrity in all our dealings with clients and employees.