Overview
Lead Underwriter - Liability - Reading, United Kingdom. Salary: £65,000. We have an exciting opportunity to join Covéa Insurance as a Lead Technical Underwriter, within our Central Underwriting team. At Covéa Insurance, we’re dedicated to protecting what matters most and delivering award-winning customer service.
Our purpose is to help protect people against the worst happening and to put it right if it does. We foster inclusive, empowered teams where everyone feels welcome and valued. The Central Underwriting Team sets the Commercial underwriting strategy, appetite and tactics in collaboration with broker partners; it is responsible for our underwriting governance framework and working with Product Insights to develop the product portfolio. This role is predominantly remote, with occasions to visit the Reading office or other UK offices as needed.
Step into a role where your potential is valued and your growth is supported.
Core responsibilities
* Leading the development and monitoring of technical strategy, underwriting guidelines, and frameworks for the Liability portfolio, ensuring alignment with financial plans
* Providing expert underwriting guidance and support to underwriters, fostering profitable business development and acting as the primary referral point for Liability
* Researching, recommending, and implementing pricing, underwriting criteria, and product changes to maintain market competitiveness and profitability
* Analysing Liability portfolio performance, including business sources and components, and recommending adjustments to pricing and products
* Maintaining up-to-date knowledge of market trends, legislation, and litigation; monitoring competitor activity and providing relevant guidance
* Developing and maintaining underwriting standards, controls, procedures, and authority limits for the Liability line
* Leading or contributing to strategic product and solution development in collaboration with senior stakeholders
* Acting as a subject matter expert, delivering training and expertise through internal platforms such as the Commercial Academy
* Demonstrating strong understanding of insurance financials (e.g., COR, NELR, expenses) and technical portfolio management
* Leading or contributing to Central Underwriting projects, demonstrating collaboration and technical expertise
* Building and maintaining strong relationships with internal teams (Underwriting, Actuarial, Claims, Finance) and external partners (Brokers)
* Deputising for senior colleagues as required
What will help you stand out
* Experience in a Trading Role and a Head Office environment for a Commercial insurer
* Excellent knowledge of Liability Underwriting matters including liability risk management, risk categorization, industrial trades & processes and typical liability exposures arising out of such risks
* Ability to assess technical risks and apply that knowledge to make commercially astute decisions on large and complex referrals
* High level of financial awareness and understanding of technical elements of insurance portfolios
* Excellent interpersonal, literacy and numeracy skills with the ability to collaborate and communicate effectively
* Excellent problem solving and negotiation skills with the ability to meet deadlines and deliver results
* A strong and decisive approach to underwriting, with experience writing underwriting guidelines and procedures
* Strong awareness of market and legal/industry developments and the ability to influence necessary change within the company
* Proactive, innovative, and able to take the initiative
* Foster collaboration through clear and inclusive communication, and recognise and nurture talent/future successors
* University Degree and/or ACII is preferred
Not sure if you tick every box?
At Covéa, we know that great people don’t always meet every single requirement listed in a job ad. If this role excites you and you think you could be a good fit, we’d love to hear from you – so go ahead and apply. We’re building a diverse, inclusive team where everyone can thrive.
Why join us?
* Flexible working - 36.25 hours a week with flexitime & hybrid options
* Annual pay review - plus performance bonuses (up to 30% depending on level)
* Generous holidays - 25-27 days +
Details
* Seniority level: Mid-Senior level
* Employment type: Full-time
* Job function: Finance and Sales
* Industries: Technology, Information and Internet
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