Underwriting Apprentice

Summary

At AEGIS, you will work closely with and receive support from some of the most recognised and experienced professionals in the market, gaining a real insight into the day-to-day responsibilities behind your chosen field whilst earning a salary and receiving full study support.

Wage: £26,000 a year
Minimum wage rates (opens in new tab)
Training course: Insurance practitioner (level 3)
Hours: Monday - Friday, 9.00am - 5.00pm
40 hours a week
Possible start date: Monday 8 September
Duration: 2 years
Positions available: 1

Work

As an apprentice, you’ll work at a company and get hands-on experience. You’ll gain new skills and work alongside experienced staff.

What you’ll do at work

Underwriting excellence sits at the heart of everything we do at AEGIS London. This role offers a unique opportunity to gain hands on exposure in the core area of business supported by some of the most experienced and notable Underwriters in the market.

The role will be fast paced and multi-faceted allowing you to build a solid foundation whilst gaining CII qualification.

What you'll do:

Learn to understand and assess Risk
Provide assistance to customers and Underwriting team
Develop a comprehensive understanding of the Insurance markets and AEGIS' product line

Where you’ll work

25 Fenchurch Avenue
London
EC3M 5AD

Training

An apprenticeship includes regular training with a college or other training organisation. At least 20% of your working hours will be spent training or studying.

College or training organisation

DAVIES LEARNING SOLUTIONS LIMITED

Your training course

Insurance practitioner (level 3)

Equal to A level

Course contents

Achieve desired business outcomes within own area of insurance responsibility, in line with the organisation's commercial aims and objectives.
Identify information from a range of sources to determine an appropriate course of action including a recommendation, a decision or a referral.
Analyse data to make evidence based decisions.
Apply organisational quality assurance policies and procedures in their role and within the limits of own authority.
Apply appropriate method of communication for audience and circumstances.
Records, verifies, maintains and where appropriate, shares information.
Compliant with relevant governance, policies and procedures.
Identify work with stakeholders and creates and maintains a network of stakeholders needed to undertake casework effectively and to conclusion.
Balances competing priorities in order to meet deadlines.
Builds and maintains positive relationships.
Work as part of a team to help achieve results.
Identify potential claims fraud and determine the correct action to prevent loss.
Manage insurance claims and/or payments within the limits of responsibility in line with policies and procedures.
Identify and manage insurance risks within the limits of responsibility in line with policies and procedures.
Recommend insurance and premiums decisions within the limits of responsibility and in line with organisational policies and procedures.
Gather and interpret relevant information to provide a return on insurance decisions.
Match client’s needs with available insurance products and services.
Optimises the potential return on insurance decisions within the scope of own role by identifying and positioning the client’s case with the insurer.
Achieve desired business outcomes within own area of insurance responsibility, in line with the organisation's commercial aims and objectives.
Identify information from a range of sources to determine an appropriate course of action including a recommendation, a decision or a referral.
Analyse data to make evidence based decisions.
Apply organisational quality assurance policies and procedures in their role and within the limits of own authority.
Apply appropriate method of communication for audience and circumstances.
Records, verifies, maintains and where appropriate, shares information.
Compliant with relevant governance, policies and procedures.
Identify work with stakeholders and creates and maintains a network of stakeholders needed to undertake casework effectively and to conclusion.
Balances competing priorities in order to meet deadlines.
Builds and maintains positive relationships.
Work as part of a team to help achieve results.

Your training plan

Insurance Practitioner Level 3 Apprenticeship Standard
At the AEGIS offices and virtually with Davies Learning for 6 hours every week

Requirements

Essential qualifications

GCSE in:

English (grade 4)
Maths (grade 4)

Let the company know about other relevant qualifications and industry experience you have. They can adjust the apprenticeship to reflect what you already know.

Skills

Communication skills
IT skills
Attention to detail
Organisation skills
Customer care skills
Problem solving skills
Presentation skills
Administrative skills
Number skills
Analytical skills
Logical
Team working
Creative
Initiative
Non judgemental
Patience

About this company

AEGIS London is a consistently profitable, top-quartile insurer in the Lloyd’s market, underwriting a wide range of business classes through Syndicate 1225. Formed in 1999 and part of long-established mutual insurance business, AEGIS Insurance Services Ltd, we are trusted by our clients and partners for our disciplined approach to decision making, along with our collaborative culture.

https://aegislondon.co.uk/london.html (opens in new tab)

Company benefits

• Private Healthcare • Joint-Pension contribution scheme • Doctor at Hand (virtual GP) • £400 wellbeing allowance • Retail discounts • Full study support and study days

After this apprenticeship

Subject to performance and available headcount, there may be a permanent position in the team following the successful completion of the apprenticeship.

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