Head of Underwriting
About the company
Our client pride themselves on being different; they are an award winning and highly ambitious insurtech business with an impressive record in launching and optimising niche line products in the general insurance sector. Their vision is to become the leading niche insurance provider in the UK.
The company are not afraid to do things differently, particularly if that means doing things better. They believe a relaxed environment helps cultivate creativity and encourages their team to come up with new ideas.
The business has seen double digit percentage growth over the past few years and plans on maintaining that through the launch of a number of exciting new product lines in 2018 and beyond. The long term aim of the business is to quadruple in size over the next five years through both growth in the UK and launching in new territories around the world.
About the job
Reporting to the board, this is a technically driven Head of Underwriting role where you will take responsibility for the underwriting performance across all product lines for the business. To reflect the senior nature of the role, you will join the businesses senior management team.
You will work on both a portfolio and case underwriting basis, writing for profit at all times. Utilising the insight provided by the firms unique technological use of data analytics across pricing, buyer behaviour and competitor analysis to ensure optimisation of performance in each product area.
In addition to underwriting, you will also be heavily involved in new product development and product launches. Working internally with colleagues within a 'project team' as the underwriting expert to help shape and develop new products including pricing strategies and working closely with the Product Development Manager.
In addition to this, as Head of Underwriting you will be responsible for setting up and administering an underwriting licence scheme for the product lines, to be rolled out to internal staff.
What you will need
You will need to have a strong track record in general insurance underwriting ideally across commercial lines and operated at least at Senior Underwriter level.
You will have the ability to understand and analyse data to effectively portfolio underwrite individual product lines.
Key to the role is writing for profit and the successful candidate will have a strong underwriting discipline to focus on profitability of the portfolios. You will need to demonstrate a creative approach to underwriting to ensure profit delivery whilst being able to achieve the business growth ambitions.
You will have a commitment to self-development both technical and non-technical and a drive to embrace new ways of thinking and technologies. As a senior member of the management team, you will also share their ethos and values and commitment working collaboratively with the team to drive the business.
As well as a competitive salary the company also offer 30 days annual leave, private medical cover, workplace pension scheme (NEST), flexible working hours (core hours are 10am to 4pm), clear career path planning, professional qualifications support, quarterly staff recognition awards, casual dress code, childcare vouchers, cycle to work scheme, free lunch from the Directors once a month, summer day at the races hosted by the Directors and a big Christmas knees up every year.
Please visit the IDEX Consulting Ltd website for further opportunities. If your application is successful we will contact you to discuss the opportunity in more detail within 2 working days of receiving your application. If your application is unsuccessful, the information supplied may still be retained for use in connection with future vacancies. Due to the overwhelming application response we receive through various sources, should you not hear from us within one week then please assume your application has been unsuccessful.