Tokio Marine Kiln’s Post

Navigating the path to a career in insurance underwriting can be as complex as the job itself. Here's my take on it: Firstly, understand the role. Underwriting isn't just about crunching numbers; it's about assessing risk and making decisions that affect both the company and the policyholder. It requires a keen eye for detail and a solid grasp of financial principles. Education is key. Consider qualifications from the Chartered Insurance Institute (CII), which are highly regarded in the industry. Experience speaks volumes. Internships or work placements can be a golden ticket. They offer a glimpse into the industry's inner workings and allow you to apply theoretical knowledge in a practical setting. Networking is non-negotiable. Connect with professionals through platforms like LinkedIn, attend industry events, and don't shy away from reaching out to seasoned underwriters for advice. The insights you gain can be invaluable. Stay ahead of the curve. The insurance industry is intertwined with global events and economic shifts. Keeping abreast of market trends and regulatory changes can set you apart from the competition. Remember, resilience and adaptability are your allies in this journey. The road to becoming an underwriter is filled with learning opportunities; embrace them. #InsuranceCareers #UnderwritingJobs #CareerAdvice

Navigating the path to a career in insurance underwriting can be as complex as the job itself. Here's my take on it: Firstly, understand the role. Underwriting isn't just about crunching numbers; it's about assessing risk and making decisions that affect both the company and the policyholder. It requires a keen eye for detail and a solid grasp of financial principles. Education is key. Consider qualifications from the Chartered Insurance Institute (CII), which are highly regarded in the industry. Experience speaks volumes. Internships or work placements can be a golden ticket. They offer a glimpse into the industry's inner workings and allow you to apply theoretical knowledge in a practical setting. Networking is non-negotiable. Connect with professionals through platforms like LinkedIn, attend industry events, and don't shy away from reaching out to seasoned underwriters for advice. The insights you gain can be invaluable. Stay ahead of the curve. The insurance industry is intertwined with global events and economic shifts. Keeping abreast of market trends and regulatory changes can set you apart from the competition. Remember, resilience and adaptability are your allies in this journey. The road to becoming an underwriter is filled with learning opportunities; embrace them. #InsuranceCareers #UnderwritingJobs #CareerAdvice

What can make a genuine and positive difference to the hiring of new talent into Insurance? There are some brilliant initiatives within the Insurance market to attract individuals to want to work in Insurance. In particular I am a big fan of the efforts being made by the London Market Group, Lloyd's Market Association, and London Insurance Life in showcasing the exciting opportunities a career in Insurance—and specifically in Claims—can offer. However, for these efforts to truly succeed, we need insurance firms to broaden their approach to hiring and to consider employing individuals who are not currently working in insurance roles. In 2024, we've seen many insurance firms scale back on early-career programs and trainee roles—a response to an uncertain economic outlook. While understandable, this shift risks limiting the effectiveness of initiatives aimed at drawing fresh talent into our field. I'd love to hear your thoughts on how we can make a genuine and positive difference to the hiring of new talent into Insurance? #Insurancecareers #insurancejobs #ipsgroup

Navigating the path to a career in insurance underwriting can be as complex as the job itself. Here's my take on it: Firstly, understand the role. Underwriting isn't just about crunching numbers; it's about assessing risk and making decisions that affect both the company and the policyholder. It requires a keen eye for detail and a solid grasp of financial principles. Education is key. Consider qualifications from the Chartered Insurance Institute (CII), which are highly regarded in the industry. Experience speaks volumes. Internships or work placements can be a golden ticket. They offer a glimpse into the industry's inner workings and allow you to apply theoretical knowledge in a practical setting. Networking is non-negotiable. Connect with professionals through platforms like LinkedIn, attend industry events, and don't shy away from reaching out to seasoned underwriters for advice. The insights you gain can be invaluable. Stay ahead of the curve. The insurance industry is intertwined with global events and economic shifts. Keeping abreast of market trends and regulatory changes can set you apart from the competition. Remember, resilience and adaptability are your allies in this journey. The road to becoming an underwriter is filled with learning opportunities; embrace them. #InsuranceCareers #UnderwritingJobs #CareerAdvice

Empowered by Education and Expertise! 💼 Excited to bring a robust skill set and in-depth knowledge to Trans-West Insurance Brokers, driven by my academic journey and professional experience. Here’s how my qualifications enhance our team's success: 🎓 Diploma of Business: This foundational qualification has equipped me with essential business skills, from strategic planning and financial management to effective communication and problem-solving. It’s the backbone of my professional expertise. 🚀 Pursuing Tier 1 in Insurance Broking: Committed to achieving this qualification, which will deepen my understanding of the insurance landscape and enhance my ability to provide top-notch broking services. Ready to leverage this knowledge for innovative solutions and exceptional client service. 📚 Bachelor of Business (to be attained): Engaged in advanced studies to further hone my business acumen, focusing on areas like management, marketing, and operational efficiency. This ongoing education ensures I stay ahead of industry trends and bring fresh perspectives to our team. 💡 Skill Set Highlights: - Strategic Thinking: Applying business principles to develop effective strategies. - Communication: Strong verbal and written skills for clear, impactful interactions. - Problem-Solving: Analytical abilities to identify solutions and make informed decisions. - Tech-Savvy: Proficient in industry-leading systems. Proud to contribute to the Trans-West Insurance Brokers team with a blend of education and hands-on experience. Let’s drive innovation and excellence together! 🌟 . . . . #InsuranceBroking #BusinessEducation #ProfessionalGrowth #ClientSuccess #TransWestInsurance #DigitalMarketing #PersonalBranding #MARK233 #UOW

Job titles intrigue me. On one level, obviously they are important. Many organizations use them when determining compensation, and they help organize layers of organizational responsibility. On the other hand, there are other organizations that have very few, if any, job titles. I have even seen some companies where it seems like everybody has a different title. Beyond that, a job title at one company is different than perhaps an equivalent job title at other companies. In insurance, it seems like so many people are some variety of vice president. However, being a vice president at different companies probably means something different, and I would imagine the responsibilities are different. Therefore, it is hard to determine really what it means when you say you have a certain title. It is more important to ask about competencies and responsibilities. In my other world of academia, there are lots of honorary titles, and some of them bring very few, if any benefits. They often times sound impressive, but it is unclear what they actually mean. On a personal level, job titles matter to individuals because they help achieve higher positions later on. It is easier to become the aforementioned vice president if you had a title as a manager before I have to imagine. Certain titles imply either levels of expertise or management experience. Job titles also matter because they do indicate seniority in many cases, or at least experience and hopefully achievement in a particular field. I don't know to what degree anyone looks at my job title as a senior underwriter and chooses to submit to me as opposed to someone that is an underwriter. Maybe some people do, I don't know. I have never asked. I guess I don't have a lot of a conclusion, but do you have any thoughts about job titles and what they mean? Do you have any experiences where having a particular title was a gateway to some other opportunity?

*** Just a note on CVs, predominantly aimed at those with less that a couple of years insurance experience *** Clients always want to see GCSE subjects, with grades. Same with A levels, and the same if you have a degree. You may feel in your opinion, your grades may not be as good as you would like, or you just think the detail doesn't matter. It does. For those of you who put ' X amount of GCSEs at A-C - If the highest GCSE you have is a C or B, please don't put A-C! As a recruiter, in house or agency, our job is to make sure we have this detail, so we will ask anyway. Dates are still important. It's less about age, and more about being able to track the journey. I know that both agencies and companies who recruit directly, can receive ALOT of CVs for any one role. If you make the job more time consuming to review a CV - for example 'hhmmmm what are the grades, I'll have to call them'... oh wait, I have 12 suitable CVs already which meet the specified criteria - so they go to the maybe, or reject pile... and that's that! And finally - I know how hard it is for you guys trying to get the job of choice, I feel gutted for so many excellent candidates who if I had the jobs, I absolutely could help, but currently we just aren't seeing as many at this level. So if you're applying to job after job, please make sure you CHANGE YOUR PROFILE.... nothing more disappointing seeing a candidate applying for an Underwriting Assistant job, but the profile says looking to make a break into the broking market. Same if you're law student who has really struggled to get a contract, or legal experience so decide to look at insurance as another avenue. When you're CV says 'an aspiring law graduate, looking for a career within the legal field'... I know it's tough with all the applications, and a little soul destroying, but being savvy with your CV really will help, it may be time consuming but it reflects so much better on you if you get it right the first time! Good luck you guys, if you need any advice, drop me a line clem@ipsgroup.co.uk.

Navigating the path to a career in insurance underwriting can be as complex as the job itself. Here's my take on it: Firstly, understand the role. Underwriting isn't just about crunching numbers; it's about assessing risk and making decisions that affect both the company and the policyholder. It requires a keen eye for detail and a solid grasp of financial principles. Education is key. Consider qualifications from the Chartered Insurance Institute (CII), which are highly regarded in the industry. Experience speaks volumes. Internships or work placements can be a golden ticket. They offer a glimpse into the industry's inner workings and allow you to apply theoretical knowledge in a practical setting. Networking is non-negotiable. Connect with professionals through platforms like LinkedIn, attend industry events, and don't shy away from reaching out to seasoned underwriters for advice. The insights you gain can be invaluable. Stay ahead of the curve. The insurance industry is intertwined with global events and economic shifts. Keeping abreast of market trends and regulatory changes can set you apart from the competition. Remember, resilience and adaptability are your allies in this journey. The road to becoming an underwriter is filled with learning opportunities; embrace them. #InsuranceCareers #UnderwritingJobs #CareerAdvice

The insurance industry is facing a talent crisis. With the conventional career path of A-levels followed by university losing popularity among young people, the sector has struggled to attract fresh talent. #hiring #recruting #insuranceindustry

https://lnkd.in/gbNB8cRJ Market research video .it will be helpful for freshers. how to start career in insurance sector / their work #insuranceindustry #insurance #work #freshers #video #details #experience