Underwriting Analyst

Job Introduction

** Remote/home working allowed **

At Saga we believe in exceptional experiences everyday whilst being a driver for positive change in our markets and communities. Our values are precision pace, empathy, curiosity, collaboration. If this resonates with you then it’s time to do the best work of your life!

…And right now, we are looking for an Underwriting Analyst within our AICL part of the business at an exciting time in Saga’s history. As a Group, Saga is taking to the seas in our brand new, luxury cruise ships and leading the market with innovative insurance and financial products.   

You will be responsible for supporting AICL footprint development through effective analysis and underwriting risk controls to ensure technical results meet or exceed business plan performance criteria. As well as reviewing and analysing market trends, new products, or brands to provide oversight on impacts or opportunities to AICL. 

And in return, you can look forward to all the responsibility and involvement of an integral role, providing you with a rewarding and fast-paced career with an excellent benefits package.   

If you like the sound of the above, then we want to hear from you! 

Role Responsibility

As an Underwriter Analyst your top 5 responsibilities will be:  

• Support the Head of Underwriting and Development Underwriting Lead with primary responsibility for the profitable growth of the motor and home books. 

• Support the development of the product and underwriting strategy, by identifying and anticipating potential business opportunities and risks (e.g., vulnerable customers). 

• Work with pricing and data teams to carry out detailed analysis of MI and account performance statistics, reporting on the results and making recommendations on changes to risk profile, product cover, acceptance criteria and underwriting footprint. 

• Monitor external market conditions (Consumer Intelligence, Defaqto) and competitor pricing & underwriting strategies to feed into weekly trading meeting. 

• Analysing the use of external data to assist in improving risk selection and reducing fraud. 

The Ideal Candidate

• Strong numerical and statistical capabilities 

• Comfortable working with large amounts of data 

• Ability to influence using sound judgement and technical knowledge 

• Ability to communicate effectively, both verbally and in writing 

• Self-motivation and organisational skills

• Trading mentality 

• Commercially aware 

• Good understanding of general insurance account management 

• Awareness and understanding of risk pricing and modelling techniques and software  

• Good understanding of the various distribution channels and their separate customer and risk profiles 

• Good understanding of the UK insurance market 

• Awareness of the regulatory and legal framework which the market operates 

• Detailed knowledge of Radar, Tableau, or similar systems 

Our values are:

• Precision Pace - Always owning and making things happen
• Empathy – Always aware of others
• Curiosity – Always asking why
• Collaboration – Always one team, the Saga team!

Package Description

The standard benefits when you join Saga include: 

• Remote working available where possible

• The choice to buy a further 5 days annual leave per year 

• Free private medical insurance after 1 years' service 

• Generous Workplace Pension 

• AXA Be Supported 

• A range of reductions and offers from leading retailers, travel groups and entertainment companies

About the Company

Having spent our first 30 years focused on travel, Saga launched Saga Magazine and developed home and motor insurance and financial services in the 1980s. Private medical and pet insurance followed in the 1990s, along with the launch of our own cruise ship operation. The strength of the Saga brand provides the Group with the ability to develop in-house or partner with suppliers to offer our customers and members highly differentiated, competitively priced products which meet their evolving needs.

Saga exists to help our customers and members lead the life they want to lead. To succeed in this, we know that the most important thing to do is to listen to our customers and members. At the heart of our business model is our drive to know more about our customers’ wants and needs so we are best placed to serve them.

Applying this approach over the past 70 years has enabled us to become the UK's specialist provider of products and services to people aged over 50 in the UK. The Saga brand has become one of the most recognised and trusted brands amongst UK consumers in this demographic and is recognised for its high quality products and exceptional standards of service. These include cruises and holidays, insurance, personal finance and the Saga Magazine.

When you join Saga you will see that we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement.

We value diversity not just because it is the right thing to do, but because diverse teams perform better. Creating a culture in which everyone feels welcome and offering equal opportunities in all aspects of employment and advancement is incredibly important to us. Fair consideration is given to applications from all applicants, including those with disabilities and those over who are over 50 as we are champions of age inclusivity.

We are an official Disability Confident Committed employer and ensure that our recruitment process is inclusive and accessible and we will make reasonable adjustments as required.

We are a member of the 30% Club and partner with Women Ahead which offers us a fantastic opportunity to take part in a leading, global, cross-company, leadership mentoring scheme to champion female talent.

We are a signatory of the Armed Services Covenant and have received a Silver Award from the Employer Recognition Scheme. 

To all recruitment agencies: Saga does not accept agency CVs unless specifically engaged on the role by the HR Recruitment Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga is not responsible for any fees related to unsolicited CVs.

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Saga Group