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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 now

Closing date: 25 Aug 2023

Apprenticeship summary

  • 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

  • Working week

    Monday to Friday 9:30am to 5:30pm

    Total hours per week: 35

  • Expected duration

    18 Months

  • Possible start date

    01 Sep 2023

  • Date posted

    4 days ago

  • Apprenticeship level

    Advanced
    Level 3 (A level)

  • Reference number

    VAC1000125262

  • 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

Communication skills, Attention to detail, Problem solving skills, Number skills, Analytical skills, Initiative

Qualifications

GCSE or equivalent 5 GCSE's including Maths and English or equivalent (Grade C/4 and above) Essential
A Level or equivalent 3 A Levels or equivalent (Grade Pass) Desired

Things to consider

Right to Work in the UK will be required.

About the employer

Hiscox London Market insures large and complex risks. From space to renewable energy, from fine art to kidnap & ransom, and many more. Hiscox London Market are far removed from the ‘regular’ insurance products such as car or travel insurance. We cover a very broad range of risks and these can have very real social impacts, such as insurance supporting communities to rebuild after a natural disaster, like a hurricane. In business since 1901, we are one of the most trusted and influential insurance syndicates. Known for our long-term leadership in the market and blend of underwriting expertise, over 60 of the world’s 100 largest companies place their trust in Hiscox London Market, knowing they’re in a safe pair of hands should the worst happen.

Employer

HISCOX UNDERWRITING GROUP SERVICES LIMITED

Address

22 Bishopgate

London

EC2N 4AJ

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Training

Training provider

DAVIES LEARNING SOLUTIONS LIMITED

Contact

John Paton

dls.recruitment@davies-group.com

Apprenticeship standard

Insurance practitioner

Level 3 (A level)

Employer's Application Instructions

This apprenticeship requires you to apply through the employer's website.

Apply now

Closing date: 25 Aug 2023