Underwriting and Pricing
Underwriting and Pricing is not just about mathematics, data and number crunching. Yes, we use market leading analysis software and cutting edge mathematical theories to ensure our business is as profitable as it can be. Yes, we measure and report on how the business is doing and predict how the business will be doing in a few months time, but we do a lot more than that...
It is a very challenging environment and we are constantly developing our skills and knowledge. This allows us to challenge current practice and investigate new ways of doing things. We don't think of ourselves as an Underwriting and Pricing team, more of an innovations department.
It is a high pressure, dynamic environment where every day is different.
Jobs in Underwriting
Underwriting careers are available in both general insurance or life insurance in Ageas. General insurance products include Motor, Home, Travel and Special Risks and Commercial. As well as a technical product underwriting role you can develop your underwriting career into:
- New Products
- Underwriting Support
Skills and knowledge for a career in Underwriting
The skills that a person would need for a career in Underwriting include:
- Good analytical skills
- Being well organised
- Good communication skills
- Sound decision making
- An understanding of the principles of insurance
There are a number of relevant qualifications for a career in Underwriting. They are:
- CII Certificate in Insurance
- CII Diploma in Insurance
- CII Advanced Diploma in Insurance
For more information, visit: www.cii.co.uk
Starting your career in Underwriting
People often move into Underwriting from other areas of the business, and generally speaking, experience from an operational area is useful. This could be claims handling, or sales and service roles where dealing with how premiums are constructed. A CII qualification would help to develop your technical expertise, as well as reading and learning about the external insurance environment.