Underwriting Graduate

job description:
**Underwriting Graduate (Sales & Development) (gn) - Munich**

**About Hiscox**

Hiscox is a leading, internationally recognised brand in the insurance industry. Listed on the London Stock Exchange and headquartered in Bermuda, we currently have over 3,000 staff across 14 countries and 35 offices.

Hiscox Europe is a key part of the Hiscox group and consists of Hiscox Germany, Benelux and Iberia, Hiscox France and Hiscox Ireland. Hiscox Europe provides personal lines cover, including high-value household, fine art and classic cars; as well as commercial insurance for small and medium sized businesses.

In Germany, Hiscox SA relies on the expertise of approximately 250 employees spread between Munich, Hamburg, Cologne, Frankfurt, Berlin, Stuttgart and Lisbon.

Hiscox’s specialist insurance products are offered through three distribution channels (Brokerage, Direct and Partnerships). This organisation reflects Hiscox’s desire to place customer needs at the center of its development by offering a multi-channel approach. Our customers are individuals, small to large multinational companies, as well as professionals and communities. Thanks to our precise knowledge of the German speaking market, we are able to offer tailor made products covering high value household goods, cyber, special risks, professional indemnity, and Directors and Officers liability insurance.

Hiscox's agility and values define its business, with an emphasis on people, courage and excellence in execution in the service of its clients.

**Our European Graduate Programme**

You will join a cohort of graduates across our European locations and together with your peers across the Group, you’ll undertake a structured learning programme that will equip you with skills essential for your future career. This learning starts with an induction week in London and is followed by a combination of virtual and in person training (in London) throughout the course of your graduate programme. Through this training, you’ll learn about the insurance industry, develop your financial acumen and presentation skills and explore behaviours that will help you be successful at work.

Our graduate scheme is designed to give you a broad understanding of our European business. In addition to your core role, you’ll take on two secondments in different European locations - each secondment is three months long and one will be in our Lisbon office. You’ll also spend a few days in our Luxembourg office learning about the regulatory environment we operate in, and you may also have an opportunity to be involved in a European-wide project, such as developing a new product offering.

The programme is designed for maximum career impact. Throughout your time on the graduate scheme you’ll be supported by a senior level sponsor who sits on the European Management Team, as well as having regular access to the CEO of Hiscox Europe. Following the scheme, opportunities for upward and lateral progression are available to you. Your time on the scheme will equip you to be competent in your role, with a wide skill set and an understanding of our European business - equipping you well for future roles not just in your own team, but in our European business more broadly.

**Your role as an Underwriting Graduate**

Underwriting is about risk analysis and selection, trading, creativity and innovation. At Hiscox, underwriters use judgement, skill and experience to assess, accept or decline risks in line with our underwriting philosophy. They offer flexible and attractive underwriting solutions to customers, partners and brokers, and undertake account and performance analysis for lines of business and brokers or partners to ensure profitability.

Underwriting is a great place to start your career in the insurance industry. You will develop a solid understanding of the underwriting basics and principles across the full range of our commercial lines products for small businesses, including professional indemnity, commercial property, employers’ liability and cyber insurance. You’ll use your analytical and critical thinking skills, learning how to assess risks, determine premiums and make underwriting decisions.

From our offices in the heart of Munich, you’ll service our existing brokers as well as developing relationships with new brokers in Bavaria and Austria.

You’ll be a strong communicator with good interpersonal skills, and will build on these skills as you learn how to trade and negotiate with our brokers and partners in both good and poor market conditions. Trading is a key part of the role and you’ll be interested in working in sales and dealing with clients.

This is a great opportunity to start your career in a role where you will make tangible contributions to your team from day one. You’ll interact with a range of experienced colleagues and senior managers in an environment where having the courage to say what you think is not only actively e