Assistant Underwriter - Property

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Full details of the job.

Vacancy Name

Vacancy Name Assistant Underwriter - Property

Employment Type

Employment Type

Permanent

Location

Location London

Who are we?👋

Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs.

Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.

Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years.

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.

Where you come in?

You will play an integral part in our Portfolio Underwriting team, to support with pricing and class level analysis providing an analytical review of the classes with a focus on the Property class, You will work to produce statistics, reports and MI working directly with brokers on new and renewal business and assisting Underwriters in the evaluation of risk in accordance with Ki’s Business Plan.

What you will be doing: 🖋️

On a daily basis, you’ll work to review renewal submission in line with the portfolio’s underwriting strategy and prepare necessary information for the underwriter. You will deliver technical pricing for insurance policies and reinsurance treaties, referring to underwriting and actuarial colleagues as required. You’ll leverage traditional actuarial as well as machine learning approaches to support Ki’s model, including carrying out risk level pricing involving data input into models and ownership of model output for your class.

You’ll be expected to liaise with and maintain relationships with key brokers as well as working cross functionally with underwriting and actuarial team members.

If you have a track record of success in supporting underwriting teams in providing technical pricing data, we’d love to hear from you. Both an understanding of actuarial concepts and class knowledge of specialty are desirable, but not essential.

What to expect during the recruitment process:

Ki Values:

• Know Your Customer:
  Put yourself in their shoes. Understand and balance the different needs of our customers, acting with integrity and empathy to create something excellent
• Grow Together:
  Empower each other to succeed. Recognise the work of our teams, while celebrating individual success. Embrace diverse perspectives so we can develop and grow together.
• Be Courageous:
  Think big, push boundaries. Don’t be afraid to fail because that’s how we learn. Test, adapt, improve - always strive to be better.

Our culture:

At Ki, we are committed to creating an inclusive environment where every colleague is valued and respected for who they are and can do the best work of their careers.

Inclusion is a critical foundation of our business and people strategies and supports our vision of becoming a market-leading, digital and data-led specialty insurance business. An inclusive workplace fuels innovation because creativity thrives when everyone feels valued, respected, and supported to drive it. So, no matter who you are, where you’re from, how you think, or who you love, we believe you should be you.

What we offer

You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.

If this sounds like a role and a culture that appeals to you, apply now!