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For Companies At a Glance
- Tasks: Provide expert insurance advice, analyse client needs, and recommend coverage options.
- Company: Join one of the Caribbean's top insurance specialists in the stunning Cayman Islands.
- Benefits: Enjoy a generous salary, uncapped commission, annual bonuses, and full medical coverage.
- Why this job: Experience a vibrant culture, great work-life balance, and career growth in paradise.
- Qualifications: 5 years in insurance, relevant qualifications, and strong sales skills required.
- Other info: Relocation support provided; connect with a friendly ex-pat community.
The predicted salary is between 43200 - 72000 £ per year.
One of the Caribbean's leading insurance specialists is looking for UK experienced Insurance Broking professionals to relocate to their Cayman Islands office. The Insurance Broker will be responsible for providing expert advice to clients, analysing their insurance needs, and recommending suitable coverage options. This role is responsible for selling and broking all lines of property & casualty insurance in an effort to increase the Company’s market share in commercial businesses and organizations through an in-depth knowledge of insurance risks and markets. The successful candidate will also be responsible for leading the renewal, tender and prospecting processes.
Overview
- Provide expert advice to clients on insurance products and services, including property, casualty, & other specialized insurance policies.
- Analyse clients' insurance needs and assess their risk profile - recommending appropriate coverage options thereafter.
- Develop and maintain strong relationships with clients to understand their evolving needs and proactively offering tailored insurance solutions.
- Collaborate with insurance underwriters to negotiate terms & conditions, and pricing on behalf of clients.
- Provide client advice and assistance during the claims settlement process.
- Stay updated on industry trends, regulations, and changes in insurance products to provide accurate and up-to-date information to new and existing clients.
- Prepare & present insurance proposals to clients, clearly outlining coverage details, terms, and conditions.
- Assist in collecting and recording compliance-related documents from clients and prospects.
- Conduct market research to identify potential clients and develop strategies to expand the client base.
- Supervise support staff to ensure timely and accurate invoicing, premium payments, and commission processing.
- Maintain accurate records of client interactions, policies, and transactions in the company's database.
Package:
- Generous base - the firm can be flexible depending on years of experience but we’re looking up to 100,000 USD as a ball park.
- Commission - it’s a very impressive comms scheme with uncapped earning potential.
- Annual performance bonus on top.
- 100% medical coverage for the individual.
- Relocation support.
Required profile:
- CIP, ACII, CPCU or equivalent professional qualification; university degree would also be an asset.
- 5 years’ experience with proven track record of success in an insurance or broking environment.
- Previous Property and Casualty experience is essential.
- Formal Sales/Marketing and customer service training.
- Advanced understanding of insurance markets.
What can you expect in the Cayman Islands?
- Great career development.
- Stunning weather, with temperatures staying around 28-32 degrees year round.
- Ultra-high quality of life.
- Welcoming and friendly ex-pat community to make settling in as easy as possible.
- Perfectly situated for travel with flights to 18+ US cities, Panama, London, Bahamas, Jamaica, Cuba and Honduras - with more being added all the time.
- Work / life balance - it’s a cliché most places but you’ll see what I mean when you get there.
- Safe with access to world class medical facilities - no more 3 week waits to see a GP. It’s more like 3 hours and the facilities are exceptional.
I lived on island from 2017-2024 so very happy to chat more about the firm, the island etc. so if you’re not 100% sure, message me and we can start with an informal chat.
Insurance Broker, P&C (Relocate to the Cayman Islands) (City of London) employer: MAC Recruit Group Ltd
Contact Detail:
MAC Recruit Group Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Broker, P&C (Relocate to the Cayman Islands) (City of London)
✨Tip Number 1
Network with professionals in the insurance industry, especially those who have experience in property and casualty insurance. Attend industry events or join online forums to connect with potential colleagues and gain insights into the Cayman Islands market.
✨Tip Number 2
Research the specific insurance needs and trends in the Cayman Islands. Understanding local regulations and market demands will help you tailor your approach when discussing potential opportunities with employers.
✨Tip Number 3
Prepare to discuss your previous successes in broking and how they can translate to the Cayman Islands market. Be ready to share specific examples of how you've increased market share or improved client relationships in your past roles.
✨Tip Number 4
Familiarise yourself with the relocation process and benefits offered by the company. Being knowledgeable about what support is available can demonstrate your commitment and enthusiasm for making the move.
We think you need these skills to ace Insurance Broker, P&C (Relocate to the Cayman Islands) (City of London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in insurance broking, particularly in property and casualty. Emphasise any qualifications like CIP, ACII, or CPCU, and showcase your track record of success in previous roles.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for relocating to the Cayman Islands. Mention how your skills align with the company's needs and your understanding of the local market.
Showcase Client Relationship Skills: In your application, provide examples of how you've developed and maintained strong client relationships. Highlight any specific strategies you've used to understand client needs and offer tailored solutions.
Research the Company and Location: Familiarise yourself with the company’s values, services, and the insurance landscape in the Cayman Islands. This knowledge will help you tailor your application and prepare for potential interviews.
How to prepare for a job interview at MAC Recruit Group Ltd
✨Know Your Insurance Products
Make sure you have a solid understanding of property and casualty insurance products. Be prepared to discuss specific policies and how they can meet various client needs, as this will demonstrate your expertise and readiness for the role.
✨Showcase Your Client Relationship Skills
Highlight your experience in building and maintaining strong client relationships. Be ready to share examples of how you've tailored solutions to meet client needs and how you've handled challenging situations in the past.
✨Research the Company and Market Trends
Familiarise yourself with the company’s position in the market and current industry trends. This knowledge will help you answer questions more effectively and show that you're proactive about staying informed.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and decision-making process. Think of examples from your past experience where you successfully navigated complex insurance situations or client negotiations.
