Associate Underwriter - SME

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Underwriting

1

Travelers provides Property and Casualty insurance for Small to Medium sized businesses through our Broker networks and deals with high volume eTrade Property Owners, Office, Combined and PI Combined business Insurance. Due to continued growth and success we’re looking for an Associate Underwriter to join our SME Underwriting team. Our ideal candidate will already have some commercial insurance experience and be confident in building relationships with our broker panel.

This is a fantastic opportunity to develop your career in underwriting where you’ll be responsible for proactively managing the submissions, quotes and binds for new business through our e-trade platform, Acturis. You will build relationships with brokers to provide insurance solutions to customers, analysing and evaluating risk to achieve business goals. You are decisive, detail-oriented, and able to build relationships internally and externally to drive results. As you develop the ability to assess risk and sell our products, you will contribute to the sustainable profitability and success of Travelers.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.What Will You Do?

• Manage the profitability, growth, and retention of an assigned small portfolio.
• Underwrite and negotiate routine risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
• Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.
• Take corrective action in collaboration with your Manager / Team based on identified risk characteristics.
• Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.
• Proactively utilise various technology platforms to quote and bind E-Trade risk efficiently.
• Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross-selling opportunities.
• Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell Travelers products to write and retain accounts consistent with our risk appetite.
• Execute submission, quotes and renewals with guidance from your manager and working in partnership with the sales team.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Knowledge: Some knowledge of products, the regulatory environment, and the local insurance market.
• Analytical/Critical thinking: Critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.
• Communication/Influence: Communication skills with the ability to negotiate with agents and brokers.
• Inclusion: Ability to work with people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
• Industry / Competitor Analysis: Review competitor press releases, and industry trade press for helpful insights.
• Project Management: Participate in projects that involves the implementation of non-complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products.

What is a Must Have?

• UK: A-Levels or similar qualification
• Some prior related Insurance experience.