Average Commercial Underwriter salary in the UK

Medical Underwriter - Insurance Medical UnderwriterMarshall Wolfe are looking to recruit an experienced Medical Underwriter to join our client, a large national insurance organisation, on a contract basis. This is initially a 12-month fully remote contract, with the potential to go permanent if desired. It can be office-based in London, or can be based remotely from anywhere in the UK.The role will join a leading protection team and is integral to ensuring accurate and fair underwriting decisions while delivering outstanding customer outcomes. You will take ownership of a case pipeline from application to offer, balancing commercial risk with customer needs to support a 5-star service proposition.Key ResponsibilitiesManage and underwrite cases from application through to offer, making accurate and commercially appropriate decisions within personal authority limits.Ensure all underwriting decisions support fair customer outcomes.Act as a technical expert, providing guidance, coaching, and mentoring to less experienced underwriters.Build and maintain effective relationships with internal stakeholders and external partners.Support the delivery of the wider customer agenda and contribute to the overall underwriting strategy.Maintain adherence to quality assurance frameworks, ensuring decisions are consistent and within agreed tolerances.Demonstrate proactive management of conduct and operational risk.Commit to ongoing professional development, enhancing knowledge through training and industry insights.Skills & Experience RequiredExtensive track record of medical and financial underwriting.Strong knowledge of the protection market.Ability to research, analyse, and interpret complex medical and financial information.Excellent understanding of medical terminology.Highly analytical, detail-focused, and results-driven with a passion for customer satisfaction.Please forward your CV in the first instance for more information on this role.12 Month Contract | Remote (UK)

Commercial Underwriter Purpose of Role/Job Overview: Commercial Combined/SME Underwriter business on a presentation basis Underwriting a high volume of Commerical Combined / SME enquiries, average premium is circa £3,000 with a potential to write up to a premium of £100,000. As a Commercial Underwriter, you will possess the ability to interpret policy / endorsement wordings and have experience in writing own or modifying existing wordings. Once trained it is expected that the position of Commercial Underwriter will be fairly autonomous, working to achieve personal underwriting targets. Commercial Underwriter Requirements: Must have a Minimum of 3 years’ Commercial Undewriting experience. Preferable Cert CII or part qualified. As a Commecial Underwriter, you must have experience of determining policy terms and calculate premiums in line with both in-house authority limits and insurer binding authority agreements. Demonstrate your contribution to loss ratio control by effectively adhering to Company's underwriting controls. To positively reinforce and display company values and to actively drive the business forward in achieving its objectives. Experience in writing high risk and hard to place business is desired but not necessary. Existing broker relationships that would support in this role is desired, but again not necessary. Commercial Underwriter Key Accountabilities Meeting and where possible, exceeding brokers service levels and expectations. Identifies cover and hazards that will impact on the acceptance, pricing, or terms applicable to a risk. Understands the impact of claims and risk management on the performance of a case and demonstrates an ability to review taking these factors into account. Build and maintain strong relationships with key trading partners to maximize influence. Support the development and operation of sales campaigns to drive the acquisition of profitable business. Other Activities, Duties and Responsibilities for Commerical / SME Underwriter: Maintain and develop market awareness. Maintain good working relationships with all internal departments. Maintain an open communication ethos with colleagues and managers. Demonstrate "model behaviours" Comply with all legal, regulatory, and contractual requirements to ensure obligations are met. Contribute to wider business activities. Operate within individual underwriting authorities and guidelines. Along with our client, we are committed to a diverse workforce and as such recruit from a wide available pool of talent, with the hiring, assessment and selection process being fair, free from bias and one which ensures the right person is selected for the job, based on merit. We treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances. A copy of our D&I policy can be made available upon request.

Job Title: UnderwriterDepartment: Property InsurancePurpose of Role/Job Overview:To provide efficient, timely and professional support to the brokers for New Business and general enquiriesMust have experience in Property for the SME package policies and at least 2 years’ experience in the SME package policies sector.To achieve income and profit objectives through the new business team, determine policy terms and calculate premiums in line with authority levels.To positively reinforce and display the clients values and to actively drive the business forward in achieving its objectives.Key Accountabilities:Meeting and where possible, exceeding brokers service levels and expectations.Support wider teamIdentify cover and hazards that will impact on the acceptance, pricing, or terms applicable to a risk.Understands the impact of claims and risk management on the performance of a case and demonstrates an ability to review taking these factors into account.Build and maintain strong relationships with key trading partners to maximize influence.Support the development and operation of sales campaigns to drive the acquisition of profitable business.Other Activities, Duties and ResponsibilitiesMaintain and develop market awareness.Maintain good working relationships with all internal departments.Maintain an open communication ethos with colleagues and managers.Demonstrate "model behaviours"Comply with all legal, regulatory, and contractual requirements to ensure obligations are met.Contribute to wider business activities.Operate within individual underwriting authorities and guidelines.Knowledge: An understanding of the UK insurance marketA broad knowledge of SME Property owners and/or Commercial insuranceA thorough understanding of underwriting processesSkills/Abilities/ Competencies:Good communication and organizational skillsAbility to manage time effectively, set priorities and meet deadlinesAbility to learn and adapt to changeDesire/ability to work successfully in a small company environmentProven ability in developing key working relationships and business opportunitiesUnderstanding of good negotiation and decision- making skillsMarket knowledge of legal and regulatory requirements as well as technical proficiency on wordingsA strong level of numeracy, analytical and literacy skillsStrong organizational and prioritization skillsThe ability to influence actions and attitudes of others through leading by exampleAn understanding of the UK insurance marketA broad knowledge of SME Property owners and/or Commercial insuranceA thorough understanding of underwriting processesMinimum of 2 years relevant experience in the insurance industryA minimum of five GCSE’s (A*-C grades, to include Maths and English) or equivalentCERT CII, DIP CII or equivalentPersonal AttributesA friendly professional demeanour and ability to excel in a team-oriented environmentNatural at giving direction to and mentoring less experienced colleaguesDriven to go 'above and beyond’ to provide bestin class service to insurer and broker partnersAlong with our client, we are committed to a diverse workforce and as such recruit from a wide available pool of talent, with the hiring, assessment and selection process being fair, free from bias and one which ensures the right person is selected for the job, based on merit. We treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.A copy of our D&I policy can be made available upon request.