Technical Underwriter - Motor Insurance

We're ideally looking for a candidate who has a reasonable amount of experience (or more) working within a Technical Underwriting team or Product Management team (from an Underwriting perspective - managing the Cover, Exclusions, Limits, Policy D

Technical Underwriter - Motor InsuranceSouth London (1 day per month onsite)

Up to £70,000 (DOE)

Are you an experienced underwriter with a strong background in technical or product roles within a major UK insurer? This is an exciting opportunity to join a leading insurance provider, known for its innovative approach in the motor insurance space.

We're partnering with a dynamic organisation that has made a significant mark in the UK insurance market. They are looking for a Technical Underwriter to enhance their underwriting processes, contribute to product development, and ensure robust risk assessment strategies.

Key Responsibilities:

• Develop and Refine Underwriting Policies: Create and continuously improve motor underwriting guidelines, ensuring they align with business objectives and regulatory requirements. This includes setting risk appetite parameters and identifying emerging risks in the motor insurance sector.
• Product Development Support: Collaborate closely with product and pricing teams to design and enhance motor insurance products. This may involve contributing to new product launches, refining existing offerings, and ensuring technical underwriting input is embedded in product strategy.
• Risk Assessment and Analysis: Conduct detailed analysis of underwriting performance, identifying trends and areas for improvement. Use data-driven insights to inform decision-making and improve risk selection criteria. This includes evaluating the impact of external factors such as regulatory changes, market conditions, and evolving customer behaviours.
• Pricing Strategy Contribution: Work with actuarial teams to support pricing decisions, ensuring technical accuracy and alignment with underwriting policies. This includes participating in rate reviews, providing technical expertise for pricing models, and evaluating the profitability of different segments within the motor portfolio.
• Technical Support and Training: Act as a subject matter expert for underwriters and other stakeholders, offering guidance on complex cases, technical queries, and policy interpretations. Deliver training sessions and mentoring to upskill junior underwriters and promote consistent underwriting practices across the team.
• Governance and Compliance: Ensure underwriting practices comply with all relevant regulatory standards and internal audit requirements. Regularly review and update underwriting controls, participate in internal audits, and address any findings related to technical underwriting processes.
• Stakeholder Engagement: Liaise with key stakeholders across the business, including claims, legal, actuarial, and IT teams, to ensure underwriting practices are fully integrated into broader business operations. Contribute to cross-functional projects, such as system upgrades or process improvements, to enhance underwriting efficiency and accuracy.
• Continuous Improvement and Innovation: Identify opportunities for process automation, digital tools, or data analytics to streamline underwriting workflows and improve risk assessment capabilities. Stay up to date with industry trends, technological advancements, and competitor activity to ensure the business remains competitive in the motor insurance market.
• Portfolio Management: Monitor the performance of the motor portfolio, identifying areas of growth, underperformance, or emerging risks. Provide recommendations for portfolio adjustments, such as targeting specific customer segments or adjusting underwriting criteria based on performance insights.

Key Requirements:

• Proven experience in a technical or product-focused underwriting role within a large UK insurer.
• Strong knowledge of motor insurance products and risk assessment.
• Analytical mindset with the ability to interpret complex data.
• Excellent communication and collaboration skills.
• Ability to work independently with minimal onsite requirements (1 day per month in South London).

This is a fantastic opportunity for someone looking to make a significant impact in a forward-thinking company while enjoying a flexible working environment.

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