Healthcare Underwriter

Allied World; City Of London; On-site; GBP 100,000 - 125,000; Full time

Job summary

A leading insurance provider in the City of London is seeking an experienced underwriter to handle enquiries and provide quotations. The role requires a minimum of 3 years’ underwriting experience in the London market along with strong marketing and negotiation skills. Ideal candidates will have a professional insurance designation or be in training toward one. This position offers opportunities for growth in a dynamic insurance environment.

Qualifications

• 3+ years’ experience underwriting in the London market.
• Knowledge of standard market policy and endorsement wordings.
• Training towards professional insurance designation is desirable.

Responsibilities

• Respond to enquiries from Brokers and Intermediaries courteously.
• Secure appropriate information to provide and communicate quotations.
• Rate and set premiums according to underwriting permissions.
• Prepare and issue invoices and policy documents.

Skills

Strong marketing

Negotiating skills

Presentation skills

Education

Professional Insurance Designation (ACII/FCII)

Job description

Duties and Responsibilities

• Respond to enquiries from Brokers / Intermediaries received in a courteous and helpful manner ensuring that all information to enable the underwriting of any risk is obtained and communicated.
• Complete the key tasks of securing appropriate information and facts to identify client(s) requirements and provide & communicate quotations.
• Using the information and facts gathered, or presented by the ceding Brokers / Intermediaries, to Rate / set Premiums, apply terms and conditions in accordance with Binding Authorities under which the jobholder has been assigned underwriting permissions.
• The Jobholder in setting rates / Premium will utilised the Companies quotation system or rating guides.
• If any quotation is accepted verbally, the jobholder will issue written confirmation, providing full details of cover, where applicable seek proposal(s) for completion or Statement(s) of Fact(s) for checking against underwriting facts, information resting on file.
• Liaise with Operations prepare and issue invoices policy documents and update client records.
• The jobholder will share responsibility for dealing with any actions attaching to existing clients on mid‑term adjustments and claims, occasionally referring such matters to senior colleagues.
• Maintain the system for raising renewals, which should be actioned 4‑6 weeks before renewal date, produce renewal documentation and issue renewal documentation upon receipt of instructions to renew.
• Ensure that files and system records are created for new business and updated following all amendments notified by ceding Brokers / Intermediaries.
• Ensure that credit control rules are followed and that cash flow objectives are achieved.
• Maintain secure, efficient and accurate filing systems.
• Other duties and responsibilities may be required.

Person Specification

• 3+ years’ experience underwriting in the London market.
• Strong marketing, negotiating and presentation skills
• Knowledge and understanding of standard market policy and endorsement wordings
• Professional Insurance Designation such as ACII/FCII desirable or training towards