Terror & Political Violence Assistant Underwriter

Avencia Consulting Services; London; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading company in the insurance sector is looking for an Assistant Underwriter to join their Terrorism & Political Violence team. This role involves supporting senior underwriters with the management of policies, evaluating risks, and collaborating with clients to prepare necessary documentation. The ideal candidate should possess a Bachelor's degree and be progressing towards relevant insurance designations, with strong analytical and communication skills.

Qualifications

• Bachelor's Degree and progress towards ACII or relevant designations.
• Basic knowledge of commercial insurance.
• Excellent written and oral communication skills.

Responsibilities

• Assist in managing terrorism and political violence insurance policies.
• Review risk information for underwriting decisions.
• Monitor and manage policy renewals and endorsements.

Skills

Communication

Interpersonal skills

Analytical skills

Education

Bachelor's Degree

Progress towards ACII

Tools

MS Office

Job description

About us

Avencia Consulting are recruiting on behalf of a well established Insurer based in the City who have a new role in their Terrorism & PV team for an Assistant Underwriter to join.

We are seeking an underwriting or broking professional currently working in the Terrorism or Political Violence line of business.

The role

Reporting to the Head of Terrorism, the primary purpose of the role is to provide underwriting and administrative support.

Key accountabilities

• Assist senior underwriters with the day-to-day management of terrorism and political violence insurance policies.
• Support in evaluating risk exposures related to political violence, terrorism, and other associated perils.
• Review and analyse risk information, including client data, geographical risk profiles, and exposure assessments, to aid in underwriting decisions.
• Collaborate with brokers and clients to gather relevant information and assist in the preparation of policy documentation and quotes.
• Work closely with the underwriting team to ensure compliance with internal underwriting guidelines and external regulatory requirements.
• Monitor and manage policy renewals and endorsements, ensuring they meet the needs of clients and are accurately processed.
• Assist in conducting financial assessments and creating appropriate pricing models for new business and renewals.
• Contribute to the continuous development of underwriting strategies, providing input to enhance efficiency and profitability.
• Maintain accurate records of underwriting activity, ensuring all documentation is updated in the system as required.
• Stay up to date with global political risks, terrorism trends, and developments to support informed underwriting decisions.

Skills & experience

• Bachelor's Degree and progress towards ACII or other relevant commercial insurance industry designations
• Basic knowledge of commercial insurance and regulatory requirements
• Basic competency in MS Office applications: Word, Outlook, Excel and Adobe Standard required
• Excellent written and oral communication skills
• Strong interpersonal skills in order to work effectively and professionally with diverse groups