HNW Underwriter (12 Month Fixed Term Contract)

Chubb; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading company in the insurance sector is seeking an Underwriter to join their High Net Worth Underwriting Team in London. The role involves underwriting new and existing policies, maintaining broker relationships and delivering exceptional customer service. Candidates should possess relevant experience in HNW insurance, particularly within Motor or Household sectors, alongside strong communication, negotiation skills, and the ability to manage a panel of brokers effectively.

Benefits

Flexible working arrangements

Qualifications

• Experience in HNW insurance, preferably in Motor or Household.
• Excellent customer service skills.
• Ability to build strong relationships.

Responsibilities

• Responsible for underwriting new and renewal business up to authority limits.
• Manage relationships with a designated panel of brokers.
• Collaborate with Sales Development for New Business.

Skills

Customer Service

Relationship Building

Communication

Negotiation

Organizational Skills

Job description

Are you looking for your next challenge in the insurance industry to progress your career in Underwriting? Do you have experience in High Net Worth? If this sounds like you and you are passionate about client service, motivated and inquisitive, then we would love to hear from you.

We are recruiting an Underwriter to form a key part of Chubb's High Net Worth Underwriting Team in London. You will be responsible to underwrite new and existing business accounts whilst providing world class service to our broker partners.

The successful candidate will preferably have experience in multiline Household and Motor and will build and maintain strong working relationships externally and internally, managing a panel of brokers in respect of New Business, Retention, Rate, Profit & Loss & mix of business.

Key Responsibilities:

• Responsible for underwriting new and renewal business up to your agreed authority limits and be responsible for mid-term underwriting of accounts, including appraisals
• Actively seek to round out existing accounts and cross-sell other classes of business.
• Managing underwriting queries via telephone & e-mail
• Be a technical underwriting referral point for Underwriters, Underwriting Assistants and Claims.
• Develop a strong technical understanding of large risk underwriting

Broker Management:

• Accountable for the full P&L management of a designated panel of brokers
• Demonstrate a good level of proficiency in the use of the management information systems to be able to understand the data, analyse any trends and report on the underwriting performance
• Carry-out broker management for your broker panel executing any corrective actions needed where KPI's fall behind plan.
• Proactively manage relationships with broker partners.

Sales Disciplines:

• Collaborate with the Sales Development Manager in the conversion of New Business, through pre-qualification of target prospects
• Work with the Senior U/W & Operations U/W Manager to ensure all target quotes are monitored and pursued to ensure conversion rates influenced positively
• Ensure all communications with broker partners are collaborative and sales focused to ensure both retention & new business opportunities are maximised

Qualifications

Skills & Experience Required:

• HNW insurance industry experience essential – preferably from a Motor or Household background.
• Demonstrate excellent customer service skills
• Ability to build strong relationships internally and externally.
• Strong communication and negotiation skills
• Well organised with the ability to prioritise workload.

Flexible Working
We are open to discussing flexible working arrangements. This can be discussed with the Recruitment Business Partner managing this position.

Integrity. Client focus. Respect. Excellence. Teamwork
Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.

Diversity & Inclusion
At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.