Underwriting Analyst - Property

AXA UK; London; On-site; GBP 35,000 - 55,000; Full time

Job summary

AEGIS London is seeking an Underwriting Analyst who will support Underwriting teams by analyzing risks and collaborating closely with them. The role involves data evaluation, market research, and improving underwriting processes, making it essential for effective decision-making. This position offers a chance to engage in a fast-paced environment while focusing on growth and professional development.

Qualifications

• A basic understanding of insurance principles and risk assessment methodologies is beneficial.
• Computer literate with knowledge of data analysis tools.
• Strong analytical and problem-solving skills.

Responsibilities

• Capture risk details and ensure policy information is processed correctly.
• Collaborate with Actuarial and Data Science teams for risk evaluation.
• Prepare documentation and reports for meetings.

Skills

Analytical skills

Problem-solving skills

Attention to detail

Effective communication

Organisational skills

Education

Basic understanding of insurance principles

Tools

Excel

SQL

Job description

Time Type:

Full time

Working Pattern:

Purpose of the Role

AEGIS London is currently seeking an Underwriting Analyst to join the business. This role is crucial in supporting the Underwriting teams to assess and analyse the nature of the risks associated with their class.

The individual will work closely with Underwriters to evaluate submissions, gather and analyse data, and provide insights to support the underwriting decision-making process. The Underwriting Analyst is integral to supporting the processes that ensure our policies are appropriately priced and align with the relevant underwriting guidelines for their class.

Duties and Accountabilities

• Data entry: capture risk details in AEGILITY (our underwriting workbench), ensuring policy information is processed correctly andcomplies with terms provided. Ensure PBQA (pre-bind quality assurance) checks are completed
• Data Analysis: support with the collection, organisation and analysis of whole portfolios down to risk level, including financial statements, credit reports and other relevant information. Collaborate with the Actuarial and Data Science teams to utilise statistical models and underwriting tools to evaluate risks and monitor trends
• Market research: work with the team to stay updated on industry trends, market conditions and regulatory changes that may impact underwriting decisions. Support with research and analysis to identify emerging risks and opportunities
• Relationship management: collaborate with other areas of the business, such as Claims, Operations and Exposure Management, to gather relevant information and ensure effective communication throughout the underwriting process.Begin to build and maintain relationships with external partners such as brokers and clients to facilitate information exchange, manage credit control issues and contribute to underwriting decisions
• Process improvements: contribute with insights as the team continuously evaluate and look to enhance underwriting processes and workflows. Identify opportunities for automation, efficiency improvements and streamlined data management to enhance productivity and accuracy
• Prepare documentation and reports for more senior members of the team to present at both internal and external meetings including peer reviews, reinsurance presentations and business planning
• Assist with conducting estimated premium income reviews on the portfolio
• Support with or manage referrals in respect of OPAL (our digital trading platform), when/if required
• Provide assistance to the team when required in respect of any internal/external audits
• Provide general support to the wider team, such as ad-hoc tasks or projects as they arise

Skills, Knowledge and Experience

The successful candidate will be/have:

• A basic understanding of insurance principles, underwriting guidelines/regulations and risk assessment methodologies (beneficial but not essential)
• Computer literate (essential). May have experience in data analysis tools and software such as Excel, SQL or statistical modelling software (beneficial but not essential)
• Analytical and problem-solving skills; interested in using a range of data in order to make decisions
• Excellent attention to detail and accuracy in data analysis and documentation
• Effective communication skills, both written and verbal
• Ability to work independently and as part of a team managing multiple priorities and adhering to deadlines
• Strong organisational skills and the ability to adapt to changing priorities and business needs

AEGIS Values

Fairness and respect

We make decisions considering the best interests of key stakeholders. We are direct and straightforward in our actions, working collaboratively to create a culture of fairness and respect.

Open and inclusive

We act with integrity, valuing diversity of thought and background. We take time to listen to the needs of our customers, stakeholders and colleagues working together to seek and share information.

Ambitious

We have a passion for success, aspiring to be recognised as best in class. We embrace new opportunities, encouraging innovation in pursuit of our goals.

Striving to be better

We strive to improve at all times, challenging complacency, being agile and adapting to change. We always seek to improve our customers’ experience with us.

Investing in people’s potential

We provide an environment where each employee can reach their personal potential. We encourage personal accountability for performance and individual ownership for growth and success.

AEGIS London is an equal opportunities employer and recognises the value of a diverse workforce in facilitating better decision making and business growth. We encourage a variety of differing views, perspectives and insights to create a collaborative working environment. Diversity and Inclusion are fundamental to our business and we encourage applications from all backgrounds recognising the diversity of society and our customers.

It’s important to us that you are able to perform at your best when applying for a role with AEGIS London. If there are any adjustments we can reasonably make to ensure that the process is accessible for you please telephone us on[phone]or email [e-mail]

As a business, we understand individual circumstances may differ and aim to be adaptable and to support flexible working practices. Talk to our recruitment team to understand how AEGIS London can help support you in reaching your full potential