Underwriter, Insurance

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We are partnering with a well-established Insurance provider to appoint an experienced Underwriter. This role will take full responsibility for pricing and risk strategy across a portfolio of automotive-related warranty and insured products, including GAP insurance, breakdown cover, and MOT protection. This is a key position within the business, offering the opportunity to shape underwriting frameworks, manage risk exposure, and support the development of new product offerings.

The ideal candidate will bring a strong mix of technical underwriting capability, commercial insight, and a sound understanding of FCA-regulated products.

Key Responsibilities:

• Lead the underwriting and pricing of extended warranties and ancillary insured products
• Analyse claims trends, performance data, and loss ratios to inform pricing strategies
• Conduct detailed analytics on pricing performance, identifying opportunities to optimise margins, improve competitiveness, and support commercial decision-making
• Maintain underwriting criteria, eligibility matrices, and risk tolerances
• Collaborate with cross-functional teams to ensure underwriting aligns with broader business objectives
• Liaise with insurer and reinsurance partners to monitor performance, compliance, and capacity
• Support the launch of new products through pricing model development and risk assessment
• Deliver regular reporting and performance analysis across product lines

Requirements:

• Minimum 2–3 years’ experience in a motor-related underwriting role
• Strong analytical skills, with advanced Excel proficiency (SQL or similar tools beneficial)
• Proven experience in applying analytics to monitor, evaluate, and refine pricing strategies
• Solid understanding of FCA regulations and Treating Customers Fairly (TCF) principles
• Strong commercial acumen with the ability to apply risk-based thinking to strategy
• Comfortable working autonomously and cross-functionally
• Own vehicle and living within 40 mins’ drive of Reading for 2/3 hybrid days (not central)

Benefits include:

• Company pension
• On-site parking

• Seniority level
  
  Mid-Senior level

• Employment type
  
  Full-time

• Job function
  
  Analyst, Strategy/Planning, and General Business
• Industries Insurance and Motor Vehicle Parts Manufacturing

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