Technical Underwriting Specialist - Casualty

Spe Travelers Management, Ltd; England; Hybrid; GBP 70,000 - 110,000; Full time

Benefits offered by this job

Private Medical Insurance

retirement plan

Holiday entitlement

Wellness programme

Volunteer encouragement

Job summary

Travelers is seeking an experienced Casualty underwriter to join our Underwriting Office as a Technical Underwriting Specialist in the UK. You will shape strategies, analyse portfolios using BI/MI data, and own underwriting guides while training others and supporting project work.

A strong tie between underwriting expertise and data-driven insight is essential. The role offers hybrid work with three days in the office and two at home, in accordance with policy, and requires solid casualty

Qualifications

• ACII qualification and degree in a relevant field.
• Experience in Property and Casualty underwriting.
• Strong knowledge of local insurance market and regulatory rules.
• Advanced underwriting knowledge in casualty and/or property.

Responsibilities

• Develop and monitor underwriting strategies reflecting market conditions.
• Analyse portfolios using MI/BI data from multiple sources.
• Identify trends in performance and pricing and report insights.
• Maintain underwriting guides and train underwriters.
• Collaborate on product development and pricing guidelines.
• Support regulatory reporting and governance.

Skills

Underwriting expertise

Quantitative reasoning

Communication skills

Leadership

Education

ACII qualification

Degree education

Tools

Excel

PowerPoint

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.

Job Category

Underwriting

Target Openings

1

What Is the Opportunity?

We are looking for an experienced Casualty underwriting expert to join our Underwriting Office team as a Technical Underwriting Specialist. You’ll work alongside Underwriting Officers helping to shape and monitor the long and short term strategies that drive profit and growth across our Business Insurance portfolio. You’ll analyse portfolios using data from Business Intelligence, Actuarial, Catastrophe Modelling, Claims and other sources, spotting trends in performance, pricing and rate adequacy, and turning those insights into clear recommendations.

A core part of the role is owning our underwriting guides, keeping them up to date and communicating any changes in how we underwrite, while also training underwriters, handling referrals and supporting project work for the team. We’re looking for someone with solid technical casualty knowledge and an interest in AI, who enjoys combining underwriting expertise with data-driven insight.

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?

• Contribute to the establishment and monitoring of underwriting strategies that reflect market competitive conditions and global BI appetite.
• Assist UW Officers to develop and analyse portfolios from an underwriting perspective utilising MI/BI data and reporting insights from multiple sources - Business Intelligence, Actuarial, Catastrophe Modelling, Rating, Claims, Production and other performance data.
• Identify trends by understanding and monitoring key performance metrics (e.g. portfolio mix; drivers of underwriting performance; claims performance by cause and by attrition, large and catastrophe components; geography; segment; distribution channel; rate targets, etc.)
• Assist the UW Officers with analysis to identify and explain portfolio changes, delivering clear insight into account structure and performance. In setting strategy for rate adequacy and pricing. With preparation of data and narrative for treaty reinsurance and with compilation and monitoring of regulatory returns, e.g. MID, ELTO, Pool Re etc.
• Work collaboratively with Product Development, AVP's, Portfolio & Product Managers to develop underwriting guidance and best practice (ensure underwriting guidelines are established, updated and fit for purpose).
• Support in the monitoring of legal, regulatory and statutory environments in territories where we trade, industry developments and claims trends, and making recommendations for underwriting strategy revisions.
• Assist the BI UWO in overseeing and engaging in the approval, sign-off and development of policy wordings, Product UW guidance including product appetite.
• Assist the UW Officers in establishing underwriting and pricing guidelines. Responsible for ensuring the repository of technical underwriting guidance remains up to date.
• Participate in, prepare reports and present at Collaborative Underwriting Reviews (CUREs) and Portfolio Reviews.
• Participate in Independent Peer Reviews and Underwriter Level Reviews.
• Contribute in reviewing training needs and creating and delivering training to Underwriters.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Degree education & ACII qualification.
• Typically has proven experience in Underwriting, including identifying and developing new business opportunities.
• Good knowledge of the local insurance marketplace.
• Thorough knowledge of organisational and regulatory rules, policies, procedures and effectively employs that knowledge in day to day work activities.
• Advanced Technical Underwriting knowledge and ability.
• Proven track record of Property or Casualty Underwriting, and demonstrates Advanced Technical knowledge in respect of Casualty and/or Property Insurance.
• Ecommunication and strong teamwork.
• Exceptional organizational and time management skills.
• Strong quantitative reasoning and critical thinking.
• Advanced interpersonal, verbal and written communication skills.
• Ability to translate vision and strategy into action plans; ability to lead projects and working groups.
• Effective leadership and influencing skills; ability to ask probing questions to understand business issues and opportunities.
• Consistently set clear direction by defining goals and priorities.
• Self-directed; takes responsibility for decisions and actions.
• Demonstrates intermediate knowledge and ability in respect of Microsoft Office systems including Excel (advanced) and Powerpoint.
• CPCU, ARM or related professional designation or working towards designation.

What is a Must Have?

• Previous experience of underwriting in Property and Casualty classes of business in either the Company or London market.

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.

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