Underwriting Apprentice HISCOX UNDERWRITING GROUP SERVICES LIMITED
As a Hiscox London Market underwriter you’ll be exposed to large and complex risks all round the world – from space to energy, from fine art to kidnap & ransom. This role is a great opportunity to learn more about the world of London Market insurance and set yourself up for a successful career in the industry.
This apprenticeship requires you to apply through the employer's website.
Apply nowClosing date: 25 Aug 2023
Apprenticeship summary
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Annual wage
£22,000.00
Competitive pay increases linked to career progression Benefits also include Flexible working Parental leaves Employee networks Gym membership Festive gift Long service awards Healthcare Save as you earn
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Working week
Monday to Friday 9:30am to 5:30pm
Total hours per week: 35
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Expected duration
18 Months
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Possible start date
01 Sep 2023
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Date posted
4 days ago
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Apprenticeship level
Advanced
Level 3 (A level) -
Reference number
VAC1000125262
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Positions
3 available
What will the apprentice be doing?
The Underwriting Apprentice pathway:
Underwriters are key decision makers in assessing and selecting the risks Hiscox cover. In this role you’ll work with experts including lawyers, data analysts, and marketing professionals to ensure we are ready to support our clients’ needs. This could be anything from an insurance renewal against flooding in North America to evaluating an emerging cyber risk in Asia.
You will start your learning as an Underwriting Apprentice supporting the underwriting teams and partnering with experienced colleagues across the business. Your first 2 years will focus on building your knowledge of specialist insurance, how the industry works and the underwriting process. You will also be supported to complete your Level 3 Insurance Practitioner apprenticeship and relevant professional qualification.
After completing your initial apprenticeship training, you will then have the opportunity to progress to an Associate Underwriter position and deepen your knowledge of the risks we insure. You will be given the tools and support to quickly increase your responsibility and eventually progress to have larger decision making authority as you build your skills and experience.
Your day to day will include:
- Learning about the specialist insurance market and developing your underwriter skillset.
- Supporting your team with the underwriting process
- Partnering with the operations team to ensure that appropriate documentation is present, and the internal underwriting system remains accurate.
- Liaising with internal and external stakeholders to ensure a high level of service for clients.
- Supporting the team to identifying opportunities for process improvement.
What training will the apprentice take and what qualification will the apprentice get at the end?
You will work towards your:
- Insurance Practitioner Level 3 Apprenticeship.
- Certificate in Insurance (Cert CII).
- Level 2 Functional Skills in English and Maths (if required).
What is the expected career progression after this apprenticeship?
Upon cmpletion of the apprenticeship you will receive a promotion to Associate Underwriter with continued support to develop your skills and career.
Requirements and prospects
Desired skills and personal qualities
Qualifications
A Level or equivalent 3 A Levels or equivalent (Grade Pass) Desired
Things to consider
About the employer
Employer
HISCOX UNDERWRITING GROUP SERVICES LIMITED
Address
22 Bishopgate
London
EC2N 4AJ
Training
Training provider
DAVIES LEARNING SOLUTIONS LIMITED
Contact
John Paton
Apprenticeship standard
Insurance practitioner
Level 3 (A level)
Employer's Application Instructions
This apprenticeship requires you to apply through the employer's website.
Apply nowClosing date: 25 Aug 2023