Underwriting assistant london salary
Make sure you research the company you're interested in working for thoroughly and read the specialist press. London is the UK's major insurance centre and therefore many jobs are available in London and the surrounding areas. Salary levels can vary widely depending on your employer, area of insurance and location. You'll need to feel comfortable making decisions about risks and working under pressure to meet deadlines. If you're interested in a particular company, it's a good idea to visit one of their recruitment events to speak to employees and find out about what they do and what they're looking for. Your financial package may include a range of additional benefits such as discounted insurance, share and pension schemes and bonuses. Management was iffy. Employees were staying overtime unpaid to keep up so they don't look bad for management. Although employers usually provide training in insurance-related legal issues, you'll need to have a good understanding of the insurance industry. Good leaders eat last. You will be stifled in this environment, and will not advance. The team was amazing, full of very nice people that have now become good friends. There are some good managers, but unfortunately it is not consistent across this division.It may also be possible to enter as a trainee via a financial services or insurance apprenticeship. Salary was good, but not worth the amount of work and unpaid overtime that it required to keep up.
Some employees working overtime without getting paid, called "voluntary".
It's possible to move into underwriting following a role in actuarial, claims management or risk management. You will be asked to take on additional and higher authority tasks with no compensation or title change all while being emerged in a high-school like work environment.
Although employers usually provide training in insurance-related legal issues, you'll need to have a good understanding of the insurance industry.
Many people in positions may not actually be the most qualified, but have been determined to be "next in line" If you are motivated, intelligent and under 40 I highly recommend looking elsewhere. Add to favourites If you have an analytical mind and excellent negotiation and communication skills, consider a career in insurance underwriting As an insurance underwriter you'll decide if applications for insurance cover should be accepted and what the terms and conditions of that acceptance are if so.
The work itself is not difficult, but the work environment will be.
Good leaders eat last. Employees were staying overtime unpaid to keep up so they don't look bad for management.
You will be stifled in this environment, and will not advance. The job I worked was loaded with too much work.
It's all about numbers numbers numbers. If you work for an international firm with business overseas, there may be opportunities to work abroad, especially if you speak one or more foreign languages. BSU was tough, wouldn't recommend it to anyone who gets overwhelmed easily by a very large workload. Many people in positions may not actually be the most qualified, but have been determined to be "next in line" If you are motivated, intelligent and under 40 I highly recommend looking elsewhere. Entry onto a scheme is competitive and employers usually expect a or above. It was hard to feel like a part of the company when more than half the team was on contract with no permanent jobs in sight. The work itself is not difficult, but the work environment will be. For example, salaries in the City of London and in areas such as commercial risk and liability insurance are usually higher.Entry without a degree is possible in an assistant underwriter role, working as a junior underwriter or insurance technician in an underwriting team.