We’re First Central Insurance & Technology Group (First Central for short), an award-winning innovative insurance and technology organisation, delivering market-leading motor insurance, underwriting, distribution, finance, technology and legal services.
Are you looking for a new career with a fast-growing, dynamic company? Well look no further! We need a Technical Underwriter - Home to join our Underwriting team in Salford Quays, Manchester or Haywards Heath, West Sussex.
The UW & Assurance Team are tasked with using analytics and insight to drive the ongoing optimization of the FCG underwriting footprint, monitoring of underwriting and pricing performance to support the delivery of profit and volume targets for the business, as well as owning FCG’s Underwriting Control Framework and ensuring regulatory compliance for the FCG Pricing and UW functions.
The role of the Technical Underwriter is to be the subject matter expert on Home Insurance Underwriting, providing UW, Regulatory, and TCF input and guidance into the analytical work of the team and own, review, and update FCG’s UW control framework, Technical Policy Wordings, and other product management documentation.
To be successful in this role, you’ll need to:
have demonstratable experience in a relevant Technical UW or Product Management role for a Home Personal Lines Insurer
be knowledgeable and have awareness of the regulatory environment pertaining to Pricing and UW for UK personal lines insurance market
hold a relevant Degree with a minimum 2:1 in a related area
Ahead of launch:
Provide technical underwriting input to the analytical/project work of the UW and Assurance Team and wider pricing department, ensuring regulatory compliance, TCF, and traditional UW principles are considered and where appropriate enforced – particularly in relation to:
Relaxation of, or introduction of, UW criteria
Use of data; specifically potentially sensitive data for Pricing or UW purposes.
Impact on customers and any regulatory impact or reputational damage this may cause.
Develop and maintain detailed knowledge of emerging trends/technologies/available data within the personal lines Home insurance market, providing consult and input into project work of the team and wider Pricing and UW department when required; including but not limited to:
Climate Change and Geographical Risk
Building materials and methods
Use of data from other UW adjacent areas – eg counter fraud specific data sources such as the CIFAS database for UW/Pricing.
Develop and maintain knowledge of and advise on upcoming, potential, and historic regulatory changes impacting the UW of the personal lines motor insurance market – including but not limited to
Insurance market specific legislation referencing Pricing/UW – eg FCA market study
Broader Insurance legislation – eg IDD, Consumer Insurance Act
Broader legislation impacting insurance – EU/UK equalities legislation. GDPR,
Develop and maintain relevant internal relationships pertaining to the above – eg Counter Fraud, Claims etc
Develop and maintain relevant relationships with relevant third parties pertaining to the above.
Build and maintain relationships with stakeholders across the business, providing consult, and where required, input to projects requiring Underwriting representation.
Build and maintain a log of FCGs Underwriting Criteria using this as a basis for ongoing scheduled review of static UW criteria.
Review and Update FCGs Underwriting control framework for Pricing and UW changes.
Review, maintain, and suggest improvements to policy wording for FCG insurance products
In depth knowledge of the UK Personal Lines Home Insurance Market
Good knowledge of general insurance pricing techniques and data sources used.
Good knowledge of motor insurance products and the motor insurance industry
Broad knowledge and awareness of the regulatory environment pertaining to Pricing and UW for UK personal lines insurance market
Strong commercial acumen
Underlying Skills of:
Strong mathematical skills
Strong problem-solving skills, with the ability to adopt a logical approach to solving problems
Strong IT skills (including Excel and ideally programming skills)
Strong ability to interpret technical documents
Excellent communication skills, both verbal and written to a variety of stakeholders
Excellent time management and organisational skills
Proven ability to produce outstanding results based on own initiative
Demonstrable Behaviours of:
Logical thinker with solid reasoning ability
Emphasis on attention to detail and accuracy
Self-motivated and enthusiastic
An organised and pro-active approach
Aligned to the values of Ambition; Agility; Ownership; Collaboration
What can we do for you?
We believe we can offer you a great working environment as we’re so passionate about our people. Here are just some of the benefits and perks that we offer…
Fantastic training and development opportunities
Employee benefit packages to suit your lifestyle
YOUday – we give you an extra day off to celebrate a special day
The opportunity to take a paid day off each year to do charity work
A health cash plan
Help with travel expenses
The opportunity to buy additional holiday
Company pension scheme
Group life assurance
Enhanced maternity and paternity pay
Professional subscription fees paid
Employee wellbeing is high on the agenda here too. We provide a weekly free fruit delivery, discounted membership at a local health club and access to an Employee Assistance Programme, which promotes physical and emotional wellbeing at work and at home. In addition, we provide wellbeing events throughout the year to support physical and mental health.
For further information on what we can offer and to learn more about this role, feel free to contact our dedicated Recruitment team.
So, if you’re up for the challenge and would like to join our vibrant and busy team, we want to hear from you today.
We’ve received some great feedback from employees on Glassdoor. Don’t believe us? Check out our reviews for yourself!