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Simply Business

Underwriting Analyst

Posted An Hour Ago
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Hybrid
London, England, GBR
Entry level
Hybrid
London, England, GBR
Entry level
Analyze insurance product metrics, claims, and sales trends to support underwriting strategy. Build self-service data tools, prepare performance reports for capacity providers, calculate reserving and profit-share metrics, validate data with engineering teams, and present actionable insights to senior stakeholders. The role also involves coaching junior colleagues and collaborating with finance, data engineering, and external partners.
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Who Are We?

We insure small businesses and enable big dreams – not just for our customers, but for our people and communities too. With over 1,000,000 active insurance policies, we protect builders, bakers, landlords and more than 1,200 other trades.

We’re a technology company as well as one that sells insurance. That means we build, we fail, we learn and we improve. Through our global social impact strategy, called 'The Big Dreams Project’, we're working to help 10,000 small businesses start or grow by 2030.

Why not check out our advert on YouTube: Simply Business TV advert 2024: 'Simply the Best'.

Job CategoryProductPosition TypePermanentTarget Openings1What Is the Opportunity?As an Underwriting Analyst in our MGA team in London, you will drive data-driven decision-making and shape the underwriting strategy for a fast-growing, tech-led business. You will work directly with capacity providers, finance, and data engineering teams to influence high-level business performance, lead reserving and profit share calculations, and deliver direct commercial impact.
Unlike traditional analytics roles that operate in technical silos, this position offers direct commercial visibility and strategic influence across our business. You will not only modernise our underwriting technology alongside data engineers and mentor junior talent, but you will also present key claims and sales trends directly to senior leadership and external partners.As one of our Underwriting Analyst’s, you’ll:
  • Evaluate insurance product metrics to uncover underlying trends in claims and sales performance.

  • Design and maintain accurate self-service data tools so the MGA team can access critical insights easily.

  • Prepare and deliver comprehensive monthly management information and performance reports to external capacity providers.

  • Calculate reserving requirements and profit share metrics in close collaboration with finance teams.

  • Partner with data engineering to ensure incoming data streams are accurate, timely, and fit for purpose.

  • Translate complex analytical findings into clear, actionable recommendations while coaching and developing junior colleagues.

We’re looking for someone who is:

  • Experienced in insurance data analytics with a solid understanding of underwriting metrics.  

  • Highly proficient with SQL, Excel, and data visualisation tools such as Tableau or Power BI.  

  • Able to manipulate large datasets and spot key anomalies or trends with exceptional attention to detail.

  • A skilled communicator who can break down complex technical concepts for non-technical stakeholders.

  • Self-motivated and collaborative, with the capability to coach team members and build strategic relationships across teams.

  • Progressing towards or has completed relevant qualifications, such as CII, Actuarial, or a Master's degree in Data Analytics or Statistics.

(We know it’s tough, but please try to avoid the ​​confidence gap​.​​ You don’t have to match all the bullet points above to be considered for this role.)

We encourage people of all different backgrounds and identities to apply. We are committed to maintaining an inclusive, supportive place for you to be you and do your very best work.

By sharpening our underwriting insight and driving data-led decisions, you will directly help protect and enable big dreams for UK small businesses. Apply today.  

What are the benefits of working at Simply Business:
  • we offer a great work-life balance where workloads are manageable and everyone has the flexibility to work hybrid

  • on top of the 25 days annual leave (plus bank holidays), we offer the option to buy five more days of holiday with your flexible benefits

  • our flexible parental leave allows you to approach an important time how you want - with six months full pay to the primary caregiver and four weeks full pay if you're the secondary caregiver

  • our life event leave is an extra days leave every two years for those big moments in your life like moving house or your birthday. And our long-serving employees get a two week paid sabbatical after five years of service, then four weeks off after ten years of service

  • private medical insurance through BUPA, that covers any pre-existing condition is a core benefit. Plus a health cash plan that covers your everyday medical expenses

  • we offer a competitive salary based on your experience and the current market. Plus the potential to earn an annual bonus based on performance

  • access to tools to support your personal development on our dedicated learning platform. As well as support for your mental health with access to counselling

  • we match what you put into your pension up to five per cent. And pass on a tax-free sum that's four times your basic salary with our life assurance policy, with the option to increase it to ten times through our flexible benefit scheme

  • our salary sacrifice car scheme gives you the option to buy a brand new, fully insured, and maintained car for a convenient fixed monthly amount taken from your gross salary (after 6 months service)

  • our flexible benefits scheme gives you an allocated amount to use each year on benefits like critical illness cover, dental insurance, travel insurance, or a gym membership

Ready to join us and drive our success as a high-performing team? Apply today.

Employment Practices

Simply Business is committed to providing equality and opportunities for all employees and candidates considering a career with us. We offer a workplace where colleagues are treated with respect and dignity. We don’t (and won’t) discriminate either directly or indirectly on the grounds of race, colour, religion, belief, political opinion, disability, nationality, ethnic origin, sex, sexual orientation or relationship status at any stage of the hiring process or during the course of your employment.

HQ

Simply Business London, England Office

Close to Moorgate and Bank underground stations. In the heart of London's finance business district, with so many amazing lunch options we even created a spreadsheet with the best rated lunches scored by SBers.

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