Average Underwriter salary in City of London

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.

Purpose of Role/Job Overview Construction / Liability Underwriter writing wages and turnover business on a presentation basis Underwriting a high volume of wages and turnover business, average premium is circa £3,000 with a potential to write up to a premium of £100,000 Ability to interpret policy / endorsement wordings and have experience in writing own or modifying existing wordings Once trained it is expected that the individual will be autonomous, working to achieve personal new business targets Minimum of 3 years’ experience in a construction / liability underwriting role Determine policy terms and calculating premiums in line with both in-house authority limits and insurer binding authority agreements Cert CII qualified Demonstrating your contribution to loss ratio control by effectively adhering to Company's underwriting controls. To positively reinforce and display 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 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 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.

Avencia are partnered with a leading insurer who are looking to recruit an Underwriter to join their Professional Management Risks (PMR) team in their London office. The role focuses on generating new business across a diverse range of professional indemnity policies, including life science and technology, with a strong emphasis on building and maintaining strong broker relationships. This role is suited to motivated, results-driven individuals with expertise and a desire to help build a market-leading business. Key responsibilities Deliver high-quality underwriting in line with company guidelines and authority levels to meet profitability targets.Underwrite complex new business within authority and work towards agreed financial goals.Provide an efficient new business service to brokers to maintain strong relationships and secure opportunities.Keep broker data accurate and up to date in the CRM system.Work with the team to identify and progress prospects from the broker panel, recording activity in line with CRM procedures.Support a coaching culture that encourages consistent, high-quality underwriting across the team.Build pipeline with partner brokers to drive growth.Collaborate with internal teams to deliver strong outcomes for brokers and their clients. Skills & experience Professional indemnity underwriting or broking experience (essential)Proven track record of building strong broker relationships and achieving targetsExcellent communication skillsStrong IT skills, including MS Office (Word, PowerPoint) and CRM systems, with a willingness to learn new toolsDemonstrated ability to win business while maintaining underwriting discipline