Assistant Underwriter - Retail Property

AXA Group; Greater London; On-site; GBP 30,000 - 40,000; Full time

Job summary

A leading international insurance provider is seeking an Assistant Underwriter in London. In this role, you will assist underwriters in the underwriting process for new and renewal business, ensuring high-quality service to clients and brokers. Ideal candidates will have excellent communication skills, a collaborative mindset, and a Bachelor's degree is preferred. This role offers extensive training, competitive salary, an excellent bonus opportunity, and flexible working practices.

Benefits

Employee benefits package

Competitive salary

Extensive training and career development

Qualifications

• Excellent written and verbal communication skills.
• Ability to manage multiple tasks and projects simultaneously.
• Desire to develop and learn the underwriting process.

Responsibilities

• Support underwriters with new business and renewal submissions.
• Analyze underwriting information and liaise with consulting teams.
• Document all underwriting activities to required standards.

Skills

Communication skills

Interpersonal skills

Analytical skills

Problem-solving skills

Teamwork

Education

Bachelor's degree preferred

Job description

Assistant Underwriter

London

AXA XL is a major international player within Property & Casualty commercial lines, insuring companies with the most complex risks across different territories. As we look to the future, our desire is to continue growing to ensure we are meeting the needs of all our clients regardless of business types and sizes. In order to achieve this aim we are delighted to be investing within the Middle Market segment which mainly focus on domestic and international clients with increasing complexity across Property and Casualty lines in the UK. This evolving Underwriting practice will be supported by dedicated teams in Distribution, Claims, Operations, Actuarial and Risk Consulting.

This growth ambition means we have created opportunities within the Property and Casualty Underwriting teams for ambitious professionals who are excited by the challenge of an expanding organisation. We are looking for Underwriters across the UK who have proven experience in the Middle Market P&C segment, with an inquisitive and entrepreneurial mindset, a desire to find innovative ways to meet client needs and develop business opportunities across multiple products.

In return you will benefit from extensive training and career development support, including a bespoke Underwriter specific induction and new joiner training, access to the Underwriting Academy for ongoing training on a wide range of topics, supported by market leading infrastructure. You will also enjoy the extensive employee benefits package, competitive salary, excellent bonus opportunity and flexible working practices.

What you’ll be doing

Starting your career can be a daunting adventure, at AXA XL we have industry experts and a market leading Underwriting Academy to support you on that learning journey.

As an Assistant Underwriter you will work with our industry leading Underwriters to support them through the underwriting process for new and renewal business, ensuring that our clients and Brokers experience the highest level of service.

You will have the opportunity to work with our Actuarial experts to learn how to use pricing models and systems to support the underwriting process, as well as building your experience to work towards gaining your own underwriting authority.

What will your role as an Assistant Underwriter include?

• Pre‑underwriting preparation for new business opportunities and renewal submissions, including compliance and clearance checks
• Working with underwriters to analyse and prepare underwriting information, reviewing insured values, loss data, and liaising with risk consulting and cat modelling teams as required
• Working with underwriters to review technical pricing models and policy wordings and conditions to ensure risks are within appetite and aligned with group guidelines / specific global property underwriting rules & guidelines
• Prepare post‑bind handover documentation for underwriters to check prior to handover to Middle Office.
• Working closely with middle office teams in the handover of bound risks, to track the processing of accounts, and assist with any enquiries and/or required amendments
• Working with Middle Office to ensure a consistent and compliant process flow and data accuracy.
• Working with underwriters to review mid‑term adjustments and endorsement requests for existing business
• Ensuring all underwriting activities are documented on the underwriting systems to the required data quality standards
• Support underwriting managers by reviewing and sourcing portfolio management data / reports to ensure compliance with internal key performance indicators.
• Support underwriting managers with ad‑hoc administrative tasks as required. Building an internal network to support sharing of information and data between functions

You will report to the Underwriting manager.

What you’ll bring

• Excellent written and verbal communication skills
• Excellent interpersonal skills, and the ability to build productive relationships across different business functions
• Ability to manage multiple tasks and projects simultaneously
• Desire to work as part of a productive and high‑achieving team
• Excellent analytical and problem‑solving skills, and ability to use reasoning to work through information and reach a reasoned conclusion
• Desire to learn, build skills and learn how to manage the underwriting process
• Bachelor’s degree preferred and experience in insurance with a focus on Property insurance
• Ideally, you will understand the fundamentals of the Insurance industry, and/or have experience conducting detailed due diligence and operational set‑ups within an insurance context
• Basic understanding of regulatory requirements and compliance, for example Lloyd’s and the FCA
• Customer first approach with experience in improving customer journeys, particularly within a governance or control environment

Inclusion

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.

AXA XL is an Equal Opportunity Employer.