Assistant Underwriter, Life Science

CFC Underwriting; Greater London; On-site; GBP 28,000 - 38,000; Full time

Job summary

CFC Underwriting in London is seeking an Assistant Underwriter to join the Life Science team. You’ll learn to develop and underwrite profitable business within Life Science, support with new business development, renewals, broker relationships and respond to queries from other product line underwriters.

We’re looking for a driven candidate with at least 2 years’ experience in insurance, ideally in underwriting or broking, with exposure to Life Science or P&C products.

Qualifications

• At least 2 years in Insurance, underwriting or broking.
• Exposure to life science or P&C products is beneficial.
• Sales- and service-oriented approach with strong communication skills.

Responsibilities

• Respond to broker enquiries and renewal submissions in a timely, professional manner.
• Explain Life Science policies and coverage enhancements; support launches and product awareness.
• Assist with internal/external presentations on products, trends and exposures.
• Conduct research on legislation/regulations affecting target territories.
• Support marketing of Life Science capabilities and broker relationships; travel as needed.
• Produce reports and statistics to monitor team performance.

Skills

Underwriting experience

Insurance knowledge

Broker relationships

Life science awareness

Job description

Assistant Underwriter, Life Science

Department: Healthcare & Life Science

Employment Type: Permanent - Full Time

Location: UK - London

Reporting To: Alex Bentley

Description

Thanks to our continued growth, the Life Science team at CFC is looking to welcome a new Assistant Underwriter with experience in Underwriting and an interest in the Life Sciences sector.

Our specialist Underwriters offer three tailored policy packages designed for traditional Life Sciences, the digital Medtech sector and Dietary Supplements. Innovation is at the heart of what we do and our Life Science team exemplifies this by continuously evolving our products to address the unique risks faced by providers in this space.

This role is an exciting opportunity for an ambitious professional eager to join a fast-growing, forward-thinking organisation.

About the role

As a Assistant Underwriter you’ll learn to develop and underwrite profitable business within CFC’s Life Science team. You’ll support the team across a variety of areas, including supporting with new business development, underwriting renewal accounts, building and maintaining broker relationships and responding to Life Science queries from other product line underwriters.

• Respond to enquiries and renewal submissions from brokers in a timely and professional manner, delivering a first class service to produce quotations within agreed SLAs and authority parameters;
• Explain the features, advantages and benefits of Life Science insurance products and coverage enhancements, support product launches and raise awareness of new and existing products;
• Assist with the preparation and delivery of internal and external presentations on CFC products, key trends and emerging exposures;
• Conduct research to develop subject matter expertise and investigate relevant legislation/regulation/compliance issues affecting our target territories and markets
• Support the team in marketing Life Science capabilities through existing contacts and new relationships, and over time, attending ad-hoc business trips in the UK and internationally as required;
• Assist the team with the production of reports and statistics to support the monitoring of team performance;

About you

We are looking for driven, self-starters with a strong work ethic who can contribute to a fast-paced working environment and work within a high performance team.The successful candidate will possess a sales- and service-oriented approach, demonstrate confidence and professionalism both on the phone and in meetings with brokers, and show a clear drive and capability to support the growth of the team.

The ideal candidate will have at least 2 years experience within Insurance, in either a underwriting or broking environment, with multi-class insurance exposure preferred. Previous exposure to life science or P&C products within an insurance environment, work environment and/or educationally would also be beneficial.

You'll be curious to learn and improve your underwriting ability and knowledge on the constantly evolving life science market. You will be expected to work at a high pace and intensity that underpins the successful framework of the CFC business and develop relationships with internal and external stakeholders.

Core Values

Love what you do:

We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.

Challenge everything:

We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to makes things better.

Have fun, be good:

Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.