Assistant Underwriter - FI & D&O

JR United Kingdom; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

Join a forward-thinking company revolutionizing the insurance industry with innovative technology and algorithms. As an Assistant Underwriter, you will play a vital role in the Portfolio Underwriting team, supporting pricing and analysis for specialty insurance classes. Collaborate with brokers and cross-functional teams to deliver technical pricing and insights that drive business success. This role offers a unique opportunity to work in an agile environment where diversity and inclusion are valued, and extraordinary efforts are recognized and rewarded. If you're ready to make an impact in a rapidly growing sector, we want to hear from you!

Benefits

Competitive Remuneration

Diversity and Inclusion Initiatives

Regularly Reviewed Benefits Package

Qualifications

• Experience in supporting underwriting teams with technical pricing data.
• Understanding of actuarial concepts and specialty insurance is desirable.

Responsibilities

• Support pricing and class-level analysis for the FI & D&O class.
• Review renewal submissions and prepare information for underwriters.

Skills

Analytical Skills

Actuarial Concepts

Technical Pricing

Education

Degree in Finance or Mathematics

Actuarial Qualification

Tools

Machine Learning

Statistical Software

Job description

Who are we?

Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs.

Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.

Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years.

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.

Purpose of the Role

You will play an integral part in our Portfolio Underwriting team, supporting with pricing and class level analysis, with a focus on the FI & D&O class. You will produce statistics, reports, and MI, working directly with brokers on new and renewal business, and assisting Underwriters in risk evaluation in line with Ki’s Business Plan.

Daily tasks include reviewing renewal submissions according to the underwriting strategy, preparing necessary information for underwriters, delivering technical pricing for insurance policies and reinsurance treaties, and collaborating with underwriting and actuarial colleagues. You will leverage both traditional actuarial methods and machine learning approaches, including risk level pricing, data input, and ownership of model outputs. Maintaining relationships with key brokers and working cross-functionally with teams is essential.

We welcome candidates with a proven track record in supporting underwriting teams with technical pricing data. Knowledge of actuarial concepts and familiarity with specialty classes are desirable, but not essential.

Our culture

Inclusion & Diversity are core to Ki. We value age, race, gender, ethnicity, sexual orientation, physical ability, thought, and social background, believing they enrich our environment. We encourage everyone to be authentic and true to themselves.

We offer a highly competitive remuneration and benefits package, regularly reviewed to stay relevant. We appreciate and reward exceptional effort by individuals and teams.

If this role and our culture resonate with you, we look forward to hearing from you.