Assistant Underwriter - Real Estate Insurance

Zurich 56 Company Ltd; London; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

A leading company in the insurance sector is seeking an Underwriter for their Commercial Insurance Real Estate team. This role offers flexibility with hybrid working arrangements. You will manage a portfolio of domestic Real Estate risks, collaborating with various teams and ensuring compliance with underwriting guidelines. Ideal candidates will have experience in insurance and a disciplined approach to risk assessment. Join us to make a meaningful impact while enjoying a comprehensive benefits package.

Benefits

12% non-contributory pension scheme

Annual bonus

Private medical insurance

Holiday options

Qualifications

• Experience with Insurer/Reinsurer work on Real Estate/Property beneficial.
• Knowledge of insurance policy wordings and broker clauses.

Responsibilities

• Underwrite and analyze new and renewal business.
• Develop and maintain relationships with brokers.
• Negotiate terms and conditions and close deals.

Skills

Risk Assessment

Exposure Evaluation

Negotiation

Education

Relevant insurance qualifications

Accredited degree

Job description

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123735

Working hours: This role is available on a part-time, job-share or full-time basis.

Location: London – hybrid working with 3 days in our London office.

Closing date for applications: 22nd May 2025

The opportunity:

Are you looking for the next step in your underwriting career? As a member of the Commercial Insurance Real Estate team, you’ll work in an established underwriting team, managing a portfolio of domestic Real Estate risks in accordance with Zurich guidelines.

You’ll take a solution-oriented approach as you develop your underwriting career with our broker partners and customers. You’ll have the opportunity to collaborate with other lines of business to meet customer needs.

Many of our employees work flexibly, including part-time, flexible hours, job share, remote work, or compressed hours. We value the best candidates for our roles and recognize that flexibility can be important. Please discuss your needs at interview.

What will you be doing?

• Underwrite and analyze new and renewal business within our transactional domestic team and/or within delegated authority levels of highly complex assignments.
• Administer and monitor underwriting guidelines, ensuring compliance with insurance laws, regulations, and pricing manuals.
• Develop and maintain relationships with Line of Business representatives for referrals and business needs.
• Collaborate with Risk Engineering, Claims, and Customer Teams as needed.
• Support financial processing and premium collection as required.
• Build relationships with cedants and brokers to support business retention and acquisition, providing insurance solutions.
• Qualify accounts to align with the organization's risk appetite and business opportunities.
• Negotiate terms and conditions, and close deals.
• Cross-sell other lines of business to increase product density.
• Review large or complex underwriting submissions and conduct annual reviews.
• Represent Zurich at internal and external events.

What are we looking for?

• Experience with Insurer/Reinsurer work on Real Estate/Property or similar technical lines is beneficial but not essential.
• Knowledge of insurance policy wordings, broker, and market clauses.
• Relevant insurance qualifications or an accredited degree.
• A disciplined approach to exposure evaluation, risk assessment, and pricing.

What will you get in return?

We offer a wide range of benefits to support your flexibility and well-being, including a 12% non-contributory pension scheme, annual bonus, private medical insurance, and holiday options.

At Zurich, we aim to be a responsible and impactful business, creating a brighter future for our customers, employees, and the planet. With over 55,000 employees worldwide, we are a stable, long-standing industry leader.

We focus on sustainable impact, well-being, diversity, and continuous development. We encourage employee involvement in volunteering and community activities, supported by our Zurich Community Trust, which has donated over £90 million in the UK.

Join us to make a difference, be challenged, inspired, and supported. Love what you do. #LI-Hybrid