Underwriter - Med Tech & Life Science

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 160 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.

Job Category

Underwriting

Target Openings

What Is the Opportunity?

Travelers' Medical Technology and Life Sciences cover includes Property, Business Interruption, Employers Liability, Public and Products Liability, Professional Indemnity and Cyber.

Due to our growth ambitions, we are looking for an Underwriter, ideally with previous underwriting experience in a similar role, to join our team.

In this role you will be responsible for managing an existing portfolio of Med Tech & Life Science renewals. You will work with colleagues in the Travelers Tech team and build upon your relationships in the market to maximise retention and premium growth.

You will think creatively to find solutions to meet the needs of the client or broker.

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.

This role is eligible for a £3,000 / €3,000 new joiner referral bonus. If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus.

What Will You Do?

• Underwrite and assess risk to maximise business growth and profitability for allocated broker panel. Make appropriate decisions within own underwriting authority in addition to considered, intelligent and complete recommendations to technical underwriting / business leadership.
• Make prompt, sound decisions within underwriting authority and based on appropriate underwriting information. Negotiate terms and conditions consistent with underwriting requirements and service.
• Understand and execute Travelers’ underwriting strategies and principles to produce budgeted results.
• Working with Development Underwriter on same broker panel, continuously manage book of business, maintaining quality of business, growth and profit.
• Accountable for accurate underwriting documentation and information in account management systems and adherence to Travelers’ documentation standards.
• Actively engage and seek out training opportunities to further develop underwriting expertise.
• Develop and leverage broker / client relationships through a high level of visibility and using a disciplined sales management approach ( planning and follow-up for broker and customer visits / meetings) in support of business objectives.
• Working with Distribution, effectively assist in the development, documentation and execution of sales plans with emphasis on increasing marketing and sales activities outside the office.

Work tactically with brokers to ensure they have an appropriate level of understanding of TICL goals and objectives.

• Seek out and maintain collaborative relationships with colleagues in other business units and regions to foster business development across Travelers.
• Actively participate in regularly scheduled regional and product underwriting and / or sales meetings.
• Demonstrate superior customer service standards (consistency, quick response, knowledge of products) to meet Travelers’ service standards.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Degree education preferred.
• Proven experience in underwriting.
• General knowledge of the local insurance marketplace.
• General knowledge of organisational and regulatory rules, policies and procedures and effectively employs that knowledge in day to day work activities.
• General knowledge of technical underwriting.
• Intermediate knowledge and ability required in respect of analytical thinking, judgment, decision making, communication and strong team work.

Demonstrates proven ability in enhanced retention strategies.

• Demonstrates intermediate ability in the areas of customer focus and positive broker interaction.
• Demonstrates intermediate knowledge and ability in respect of Microsoft Office systems including Excel and Powerpoint.
• Typically demonstrates intermediate relationship management skills.
• ACII qualification preferred.

What is a Must Have?

• Previous experience of underwriting in Property and Casualty classes of business.
• Incumbents are required to hold a full, valid driving licence.

What Is in It for You?

• Private Medical Insuran ce : On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement : Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement : Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme : The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs.

In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.

Volunteer Encouragement : We have a deep commitment to the communities we serve and encourage our employees to get involved.

Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.