Assistant Underwriter - Intellectual Property
Department: Media & IP
Employment Type: Permanent - Full Time
Location: UK - London
Reporting To: Maddi Brown
Description
As an Assistant Underwriter you’ll dive straight into underwriting IP exposures, including new business and renewal underwriting, developing broker relationships, and assisting the team on product development.
Risks you’ll be underwriting will involve defensive infringement risk, pursuit of infringers risk and IP right protection exposures. You’ll be underwriting in a number of different territories and a main focus will be understanding the coverages and exposure so you can educate brokers on IP risk and the benefits of a standalone IP policy.
Whilst direct underwriting experience is not essential, you’ll have experience within insurance and a keen interest in Intellectual Property and a willingness to develop your skills and knowledge through working alongside an experienced and supportive team.
About the role
You’ll be exposed to a wide range of intellectual property risks, spanning multiple territories and business sectors. The role will require curiosity to understand complex and evolving risks, as well as strong organisational skills to manage and prioritise effectively.
- Underwrite SME IP risk effectively, on both new business and renewals;
- Respond to and manage enquiries from brokers in a timely and professional manner, producing new and renewals quotations within agreed SLAs and authority parameters
- Maintain and update the IP renewal and prospect list.
- Support the team to develop and seek out new business opportunities, building strong broker relationships (both face to face and over phone) to create profitable IP business;
- Maintain and producing regular underwriting reports around the portfolio as required;
- Explain the features, advantages and benefits of IP insurance products, coverage enhancements, support product launches and raise awareness of new and existing products;
- Assist with the preparation and delivery of internal and external events/presentations on CFC products, key trends and emerging exposures;
- Research with a mind to develop subject matter expertise in IP classes and investigate relevant legislation/regulation/compliance issues within our target markets;
About you
You’re motivated, determined, and eager to succeed. With strong analytical ability, logical thinking and critical problem-solving skills, paired excellent numeracy with clear and confident communication.
Confident and self-driven, you enjoy working to deadlines and achieving results. You’re comfortable using MS Office (Excel, Word, PowerPoint, and Outlook) and above all, you thrive in a team environment where collaboration leads to shared success.
General insurance knowledge is essential, either from an underwriting or broking background. Along with an interest in developing your understanding and expertise within intellectual property. In return, you’ll be supported by a collaborative, experienced team who will help you build your underwriting capabilities and develop your career.
Core Values
Love what you do:
We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
Challenge everything:
We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to makes things better.
Have fun, be good:
Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.
