Associate Underwriter - Professional Risks

The Travelers Indemnity Company; City Of London; Hybrid; GBP 42,000 - 64,000; Full time

Benefits offered by this job

Private Medical Insurance

Company Pension Plan

Holiday entitlement 25 days

Wellness Programme

Volunteer encouragement

Job summary

The Travelers Indemnity Company in the United Kingdom is seeking an Associate Underwriter to manage and grow a broker-assigned portfolio with emphasis on renewals and future new business. You will underwrite and decide within authority while maintaining high service standards for brokers and partners.

You will collaborate with internal teams, pursue training opportunities, and support sales through broker visibility and disciplined planning.

Qualifications

• University degree required.
• Undertaking underwriting in Financial Lines is preferred.
• Knowledge of local insurance market and regulatory rules is expected.
• Ability to learn enterprise and business issues and financial drivers.

Responsibilities

• Underwrite and assess risk to maximise growth and profitability for allocated book; make decisions within authority.
• Support new business, renewal and mid-term underwriting activities.
• Maintain accurate underwriting documentation in systems and ensure standards.
• Execute Travelers' underwriting strategies to deliver budgeted results.
• Collaborate with Head Office, Risk Control, Distribution, Claims, Actuarial as needed.
• Seek training opportunities to develop underwriting and sales expertise.
• Develop relationships with brokers and end customers to support business objectives.
• Drive sales plans with Distribution and broker engagement to grow activity.
• Participate in regular sales and underwriting meetings.
• Contribute as a team member to meet objectives and provide superior customer service.

Skills

Underwriting

Risk assessment

Portfolio management

Sales support

Customer service

Collaboration

Training

Broker interaction

Education

University degree

CII Certification

Secondary education or equivalent

Tools

Windows MS Office

Job description

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Target Openings

1

What Is the Opportunity?

We are looking for an Associate Underwriter to join our solicitors and professional liability risks team. The successful candidate will have a strong insurance background within solicitors or professions and will be responsible for managing and growing a portfolio of broker-assigned accounts, with an emphasis on renewals before developing new business over time. The role involves making sound underwriting decisions across the full policy lifecycle and working within defined underwriting authority to deliver against branch financial targets. You will collaborate closely with internal colleagues, while maintaining a high standard of service and responsiveness to brokers and business partners. Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

What Will You Do?

• Underwrite and assess risk to maximise business growth and profitability for allocated book of business. Make appropriate decisions within own underwriting authority in addition to considered, intelligent and complete recommendations to technical underwriting/business leadership.
• On pre-agreed accounts, actively participates and supports Underwriters in new business, renewal and mid-term alteration underwriting activities that support underwriting decisions, consistent with business growth and profit.
• Accountable for accurate underwriting documentation/ information in account management systems and adherence to documentation standards.
• Understand, embrace, and execute Travelers' underwriting strategies and principles to produce budgeted results.
• Establish and maintain collaborative relationships with colleagues in other parts of the organisation, including Head Office, Risk Control, Distribution, Claims, Actuarial, etc. as needed.
• Actively engage and seek out training opportunities to further develop underwriting and sales expertise.
• Working with the Underwriters, develop and leverage productive relationships through broker visibility and a disciplined sales management approach (e.g. planning and follow-up for broker and end customer interaction, visits and meetings) all in support of business objectives.
• Working with Distribution, effectively assist in the development, documentation and execution of sales plans with emphasis on increasing marketing and sales activities outside the office. Work tactically with brokers to ensure they have an appropriate level of understanding of Travelers' goals and objectives.
• Actively participate in regularly scheduled sales and underwriting meetings.
• Work effectively as a productive and supportive team member in conjunction with more senior team members, supporting business unit and company objectives.
• Demonstrate superior customer service standards (consistency, quick response, knowledge of products) to meet Travelers' service standards
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• University degree.
• Previous experience of underwriting in Financial Lines classes of business.
• Working knowledge of the local insurance marketplace.
• Demonstrates an ability and desire to learn about the enterprise and business unit critical business issues and financial drivers.
• Working knowledge of organisational and regulatory rules, policies and procedures and effectively employs that knowledge in day-to-day work activities.
• Basic Product/Technical proficiency commensurate to incumbent's underwriting authority.
• Demonstrates basic ability in the areas of customer focus and positive broker interaction.
• Chartered Insurance Institute (CII) Certification.

What is a Must Have?

• Previous insurance experience.
• Previous experience of Windows MS Office.
• Secondary level education or equivalent required.
• Incumbents are required to hold a full and valid driving license.

What Is in It for You?

• Private Medical Insurance:On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement:Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
• Volunteer Encouragement:We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.