Underwriter

Tokio Marine Kiln group; London; On-site; GBP 40,000 - 70,000; Full time

Job summary

A prestigious insurance firm is seeking an Underwriter (Life Sciences) to join its Liability department in London. This role involves underwriting responsibilities, developing new insurance products, and ensuring compliance with industry standards. The ideal candidate will have a strong background in life sciences underwriting and excellent communication skills, with a commitment to fostering an inclusive workplace.

Qualifications

• Demonstrable experience in an underwriting/broking role within life sciences.
• Up-to-date knowledge on industry developments in Life Sciences.
• Ability to operate in a fast-paced environment.

Responsibilities

• Underwrite in accordance with guidelines to secure underwriting profits.
• Develop new forms of insurance services and products.
• Ensure compliance with PRA, FCA and Lloyd’s requirements.

Skills

Relationship building

Communication

Attention to detail

Multitasking

Job description

We have the opportunity for an Underwriter (Life Sciences) to join our Liability department here at Tokio Marine Kiln. Reporting into the Departmental Head of Life Sciences, you will assist them in carrying out all tasks relating to the underwriting of the division in order to provide appropriate customer focused products and maximise profitability, always bearing in mind the relationship between risk and return in respect of all underwriting activities.

The role includes responsibility for:

To underwrite/ assist in the underwriting in accordance with the Head of Life Sciences instructions in respect of premiums, terms and conditions which are set in order to secure the planned underwriting profits in accordance with the division's agreed Business Plans.

To understand, absorb and adhere to the division's strategy, objectives and current Business Plans.

To have a clear understanding of the Company's risk appetites in terms of business plans, conduct and of the Company's overall risk appetite.

To ensure that the division's underwriting guidelines in terms of both line size and aggregate exposures are adhered to at all times and, where necessary, to highlight if reinsurance should be acquired in order to reduce risks in respect of individual and aggregate exposures to a level which is acceptable to the division.

To ensure that all tasks carried out relating to the underwriting and reinsurance of the division meet PRA, FCA and Lloyd’s requirements and that they are conducted with integrity.

To demonstrate a clear understanding of the DA RACI and perform processes in accordance with your role

To work to develop new forms of insurance services, products and distribution channels which both respond to intermediary and consumer demand and have the potential to deliver profits to the division which are commensurate to the risks.

The successful candidate will have demonstrable experience working in an underwriting/broking role within the field of life sciences. You will also have strong relationship building and communication skills in addition to pre-existing relationships in the market. Up to date knowledge on industry developments within the field of Life Sciences would also be very beneficial, as would an understanding of the importance of adherence to a business plan and work within underwriting guidelines. We are looking for a self-starter with a high attention to detail, who has the ability to multitask and operate in a fast paced environment.

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The successful candidate will be welcomed into the TMK family to help us further our purpose of enabling our clients to fulfil their ambitions whilst benefiting society and our people. We are committed to ensuring a safe, open, inclusive and empowering environment in which all of our people can thrive. All employees have the opportunity to join one or a number of inclusion network groups or take part in CSR and charitable activities. TMK is signed up to the Disability Confident Employer Scheme and we also accommodate flexible working, subject to the TMK flexible working policy.

As an underwriting firm with over 140 years’ experience of protecting clients from changing risks we put our confidence in the ability and talent of our people. We aim to be a ‘Good Company’ and this means being a great and inclusive company to do business with and being a great place to work. Our culture is founded on our core values of empowerment, inclusion, excellence, integrity, teamwork and innovation. We seek to recruit the best talent by endeavouring to reach diverse talent pools, offering dynamic working arrangements and investing in development.

To make your experience as comfortable as possible, please let us know if you require any reasonable adjustments or additional assistance during your application process. At Tokio Marine Kiln we are here to support you, please be reassured that we will do all that we can to ensure that your specific needs are met. Please reach out to [e-mail] in confidence, to discuss any specific assistance or requirements that you have.

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