Lead Underwriter Non-Motor

The Underwriting team at Wakam, is the cornerstone of risk assessment and decision-making thanks to the internal datas and industry insights to make informed decisions, ensuring Wakam provides comprehensive and competitive insurance solutions.

As experts in evaluating and pricing risk, we're dedicated to ensuring profitability while providing optimal coverage for our clients. From analyzing data to developing underwriting strategies, we're committed to delivering innovative solutions and exceptional service to our customers.

✎ Missions

Function Overview:

You will join the Wakam Underwriting team to help us profitably grow our business on the UK market. You will report to the UK Chief Underwriting Officer.

This role will lead the Non Motor (Home, SME & Consumer Lines) underwriting in the UK in conjunction with UK Chief Underwriting Officer.

✯  Responsibilities

• Leading the distribution, underwriting and product strategy for property (Home & SME) and Consumer lines working with revenue, claims and other
• Growing property lines and consumer profitability and in-line with our financial objectives
• Accountable for the underwriting results for non-motor products
• Deliver effective portfolio management
• Management of Delegated Authority and the interactions with the market (MGAs, Brokers and Direct clients)
• Responsible for Product Governance activities
• Acting as a product and market expert across the UK and Europe

✯ Profile Requirements

Experience & key skills:

• Deep understanding of insurance underwriting principles, including risk assessment, pricing, and policy issuance for property insurance products in the UK.
• Experience of underwriting products in connectivity and gig economy
• Deep understanding of the insurance industry, including market trends, competition, and opportunities
• Well-versed in underwriting policies and procedures, able to ensure underwriters comply with company standards and regulatory requirements and shape the company’s underwriting guidelines.
• Ability to assess and mitigate risks associated with insurance underwriting decisions.
• Strong financial skills – able to set business forecasts, monitor budgets and ensure profitability.
• Strong customer service skills – with a focus on customer satisfaction and consumer duty.
• Solid understanding of insurance regulations and compliance requirements
• Strong analytical and reporting skills, and the ability to assess and report on insurance risk effectively.
• Proven leadership and stakeholder management skills

Your working mindset :

• Risk management orientation: vigilant in identifying, assessing, and mitigating risks associated with insurance underwriting decisions and market dynamics.
• Strategic thinking: taking a long-term approach about the company’s goals, market opportunities and competitive positioning, aligning underwriting practices with strategic objectives.
• Data driven: comfortable using data analytics and modelling to support pricing, risk assessment and performance monitoring
• Customer-centric: always keeping the customer in mind when making underwriting decisions.
• Adaptability: adaptable and open to adjusting underwriting practices in response to evolving market conditions, regulatory changes and emerging risks.
• Compliance consciousness: maintain a compliance-focused mindset to ensure the company operates within legal boundaries.
• Results driven: motivated by achieving measurable outcomes
• Collaborative outlook: fostering a collaborative mindset, working closely with underwriting teams, senior management, risk committees and other stakeholders to achieve collective goals.
• Ethical integrity: commitment to ethical conduct and integrity in all underwriting practices.
• Attention to detail and accountability.

✯ Hiring Process

1. Screening Interview with Talent Acquisition Partner
2. Technical & fit interview with HR Manager & UK Chief Underwriting Officer
3. Fit interview with UK Chief Risk Officer & UK Head of compliance
4. HR culture fit Interview with HR Manager UK

=> Welcome @Wakam 🙌

Recruitment Agencies:

Wakam has an in-house recruitment team, which focuses on sourcing great candidates directly. Wakam does not accept unsolicited resumes from agency or search firm recruiters.

Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact our managers directly.