Commercial Motor Underwriter / Trainee Underwriter

Overview Job Description Commercial Motor Underwriter / Trainee Underwriter Grade : 4Reporting to : James MannLocation : London / Swansea

About us IQUW is a speciality (re)insurer at Lloyd's (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.

ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer's needs.

IQUW has a hybrid working model that offers flexibility while maintaining opportunities for collaboration and connection with colleagues in person.Our hybrid working model will consist of 3 days per week in the office and 2 days working remotely. Teams can coordinate specific in-office days to support collaboration and flexibility.

The role Our Underwriters are responsible for the execution of our underwriting strategy and underwriting appetite, materially contributing to the achievement of our short- and medium-term financial plans.

They are responsible for a range of complex underwriting activities and fulfil a visible role involving broker contact and seek opportunities to broaden our market penetration. ERS is a leading underwriter of a wide range of insurance products, however unique the vehicle and use, our Commercial team have got the cover to match.

Key responsibilities Providing input to the development of our underwriting appetite based on your market knowledge and product expertise Contributing to the management of portfolio performance through the execution of our selection and pricing strategies and providing recommendations as to actions which will drive continuous improvements Underwriting a range of risks in accordance with our stated underwriting appetite A point of technical referral from brokers to internal functions, using your risk and product knowledge Providing feedback to Product Managers and members of the Pricing team regarding the effectiveness of our risk pricing models to help us constantly drive enhanced accuracy in our pricing model Ensuring that, we operate in a way which is consistent with all legal and regulatory provisions Qualifications, skills and experience You will have great commercial acumen and be financially astute, able to take responsibility for your area and be recognised as subject matter experts for your product range. You will have an understanding of underwriting strategy and risk appetites and the ability to operate within

these to ensure the achievement of a set of financial targets.

Core behavioural competencies A great commercial acumen, and are financially astute, able to take ownership for your area An understanding of underwriting strategy and risk appetites, along with the ability to operate within these to achieve financial targets Technical knowledge of motor products including features of the product, factors that drive performance and market dynamics Underwriting, risk selection and pricing skills which will ensure that we optimize our financial performance An understanding of pricing practices and methodologies with the ability to help us constantly enhance our pricing capability Excellent interpersonal skills, able to manual trade and build value adding relationships with a variety of stakeholders both internal and external Knowledge of the legal, regulatory and compliance provisions that apply to the UK motor insurance market Name (PRINT) : .………………………………………………………

Signature : ………………………………………………………………………… Date : ………………………………………………………………………………… #ERSLI

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