Underwriter

Ryan Specialty Group; City Of London; On-site; GBP 30,000 - 40,000; Full time

Job summary

A leading insurance firm is seeking a Property and Casualty Underwriting Associate based in London, UK. The role involves ensuring accurate policy information for renewals, conducting risk assessments, and supporting underwriting activities. Ideal candidates should have a Bachelor’s degree in a relevant field and at least 6 months of underwriting experience. This opportunity offers a chance to contribute to critical compliance and customer service aspects in insurance underwriting.

Qualifications

• 6 months of experience in Property and Casualty Underwriting is required.
• Chartered Property Casualty Underwriter (CPCU) is a plus.

Responsibilities

• Evaluate and maintain existing policy information for renewal.
• Communicate with clients to gather necessary information.
• Conduct risk assessments for insurance applications.
• Prepare documentation related to underwriting submissions.
• Provide support in premium calculations based on guidelines.
• Perform audits related to underwriting activities.

Skills

Risk assessment

Client communication

Documentation skills

Underwriting principles

Education

Bachelor’s degree in Risk Management, Actuarial or Business Administration

Job description

Position Summary:

The Property and Casualty Underwriting Associate is responsible for ensuring the accuracy of existing policy information for renewals, communicating effectively with clients for information gathering, and supporting the underwriting process through precise documentation. The role conducts risk assessments and audits for insurance applications, calculates premium and generates reports. They ensure strict adherence to company policies, industry regulations, and compliance standards in all underwriting activities.

Location:

London - UK

What will your job entail?

Job Responsibilities:

• Evaluates and maintains existing policy information to ensure data is current, accurate, and appropriately priced for renewal.
• Responds to client requests and questions, offering information and advice regarding the insurance products & underwriting appetite.
• Communicates with clients to gather necessary information, resolves inquiries, and ensures a smooth underwriting process.
• Prepares and organizes documentation related to underwriting submissions and policy issuance.
• Assesses risks associated with individual insurance applications, considering both standard and substandard criteria.
• Provides support in premium calculations, ensuring accurate application of rates based on underwriting guidelines.
• Builds and maintains reports on underwriting activities, key performance indicators, and relevant metrics.
• Conducts internal and external audits by providing necessary documentation and information related to underwriting activities.
• Ensures adherence to company policies, guidelines, industry regulations, and compliance standards in underwriting activities.
• Collaborates with underwriting teams to relay information, coordinate tasks, and contribute to the overall underwriting process.
• Serves as the key point of contact for customers and agents and delivers excellent customer service by addressing inquiries, resolving issues, and ensuring a positive experience for them.

Work Experience and Education:

• Bachelor’s degree in Risk Management, Actuarial or Business Administration required. Any other related discipline or commensurate work experience considered.
• A minimum of 6 months of experience in Property and Casualty Underwriting.

Licenses & Certifications:

• Must meet minimum requirements for state P&C and/or surplus line licenses.
• Chartered Property Casualty Underwriter (CPCU) is a plus.

Disclaimer

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.