Underwriter - Technology

Travelers; London; Hybrid; GBP 45,000 - 70,000; Full time

Job summary

A leading company in property casualty insurance is seeking a Technology Underwriter in London. The role involves managing a portfolio of business, underwriting risks, and building relationships with brokers. Ideal candidates will have strong communication skills, experience in underwriting, and a relevant qualification.

Benefits

Private Medical Insurance

Retirement contributions

Minimum 25 days holiday

Wellness Programme

Volunteer Encouragement

Qualifications

• Experience in underwriting, product knowledge, financial analysis, or risk assessment.
• Good knowledge of products and the local insurance market.
• Ability to work with diverse teams and communicate effectively.

Responsibilities

• Manage profitability, growth, and retention of assigned accounts.
• Underwrite and negotiate moderate risks to maximize profitability.
• Cultivate relationships with brokers and internal partners.

Skills

Critical thinking

Communication

Negotiation

Education

A Levels or similar qualification

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 160 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?

Business Insurance helps companies in the UK and Ireland identify, prepare for, and mitigate risks by offering a broad array of industry-specific, combined property and casualty insurance solutions to customers. This includes SME solutions traded directly, Commercial Accounts traded via brokers, and Corporate Solutions to FTSE 350 Risk Managed companies.

Are you a PI, Cyber, and/or Property & Casualty Underwriter looking to progress your career with a dynamic and specialist insurer? As a Technology Underwriter, you will actively engage with brokers across your region and throughout the UK, managing submissions, quotes, and binds for renewal business. You will be decisive, detail-oriented, and know how to build relationships internally and externally to drive results. Your ability to independently assess risk, negotiate terms, and sell our technology products will contribute to the sustainable profitability and success of Travelers.

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?

• Manage the profitability, growth, and retention of an assigned book of business comprised of routine to moderately complex accounts across most of our products.
• Underwrite and skillfully negotiate moderate risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
• Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.
• Identify and take corrective action in collaboration with your Manager / Team on individual risk characteristics identified through Portfolio Management.
• Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics, and appetite.
• Proactively utilise various technology platforms to quote and bind risk efficiently.
• Provide input and support the presentation of Underwriting Reviews for individual policies or portfolios and manage action points.
• Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross-selling opportunities.
• Foster and maintain relationships with brokers by phone, email, or other communication channels to market and sell Travelers products with a goal of writing and retaining accounts consistent with our risk appetite. Must be able to travel to meetings.
• Develop and execute retention plans and support the new business teams to win business that align with the team’s sales plans to drive success working in partnership with the sales team.
• Train and mentor less experienced underwriters.
• Support and collaborate with more junior members of the team, including referrals.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• A Levels or similar qualification.
• Good knowledge of products, the regulatory environment, and the local insurance market.
• Good critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.
• Strong communication skills with the ability to successfully negotiate with brokers.
• Ability to work with people from different backgrounds, experiences, cultures, races, etc., and view those differences as assets to accomplish business goals.
• Ability to review competitor press releases and industry trade press for helpful insights, linking key themes together.
• Experience participating in projects involving analysis and implementation of routine business and regulatory changes related to new or existing products.

What is a Must Have?

• Experience in underwriting, product knowledge, financial analysis, or risk assessment.

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 contribute to the plan, your contribution will be matched with an increased company contribution.
• Holiday Entitlement: Start with a minimum of 25 days annually, with options to purchase up to 10 additional days.
• Wellness Programme: Includes tools, discounts, and resources to support your wellness and mental health, including access to free professional counseling services.
• Volunteer Encouragement: Opportunities to give back through our Matching Gift and Volunteer Rewards programs.

Employment Practices

Travelers is an equal opportunity employer. We value the abilities and talents each individual brings and recognize that our diversity benefits our organization.

If you have questions about the physical requirements of this role, please contact us via email.

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

For more about our benefits, visit our benefits page.