Regional Underwriter

Reporting to: Senior Trading Underwriter
Location: Home based

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 work exclusively with motor insurance brokers to help build products that meet their customers’ needs.

ERS is a leading underwriter of a wide range of specialist motor insurance products. The Regional Underwriter’s primary responsibilities include executing our underwriting strategy and appetite, contributing to our financial plans, underwriting complex risks, and managing broker relationships.

Success in the role requires technical expertise in our products and collaboration with other business functions to deliver first-class propositions to our market.

• Providing input to the development of our underwriting appetite based on market knowledge and executing our pricing and underwriting strategies.
• Managing portfolio performance through analysis of results and executing our selection and pricing strategies.
• Underwriting a range of risks within our stated appetite and refining our underwriting approach to leverage market opportunities.
• Working with brokers to develop relationships and extract quality business in line with our risk appetite.
• Using market knowledge to enhance relationships with key partners and acting as a technical referral point.
• Providing feedback to Product Managers and Pricing teams to improve our risk pricing models.

This role carries financial responsibility and requires technical expertise. Candidates should demonstrate:

• Understanding of underwriting strategy and risk appetites to achieve financial targets.
• Extensive technical knowledge of the product(s) and market dynamics.
• Underwriting, risk selection, and pricing skills for optimizing financial performance.
• Commercial awareness to identify opportunities for enhancing financial outcomes.
• Understanding of pricing practices to improve pricing capability.
• Interpersonal skills for building and maintaining relationships.
• Awareness of our control environment and compliance provisions in the UK motor insurance market.

• Competitive Benchmarked Salary
• 25 days holiday
• Discretionary bonus scheme
• Employee assistance programme
• Annual holiday buy (up to 3 extra days)
• Salary sacrifice benefits
• Annual benefits reviews
• Professional qualifications and study support

• A full job description can be seen here.