Mid-Market Underwriter
Mid-Market Underwriter

Mid-Market Underwriter

Birmingham Full-Time 43200 - 72000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Underwrite complex insurance cases and drive profitable growth in the mid-market sector.
  • Company: Hiscox UK is a leading insurance brand known for its exceptional standards and diverse clientele.
  • Benefits: Enjoy flexible working options and a commitment to diversity in a supportive culture.
  • Why this job: Join a dynamic team, influence industry standards, and make a real impact in the insurance market.
  • Qualifications: Strong understanding of UK retail business and experience with complex risks; ACII qualification preferred.
  • Other info: Opportunity to coach and mentor others while building strategic broker relationships.

The predicted salary is between 43200 - 72000 £ per year.

Social network you want to login/join with: Hiscox UK is a leading brand in the insurance market, recognised as setting the standards others try to emulate. We consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. We are known for insuring the homes of the rich and famous through to the most innovative technology companies. Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs. The Role At Hiscox, we are recognized for our expertise in underwriting Professional Indemnity, Cyber, Property, and Casualty lines and as part of our strategic expansion, Hiscox seeks to fortify its presence into the mid-market sector, replicating our success in underwriting the complex policies our competitors lack the expertise to venture into. In this pivotal role, the Mid Market Underwriter will be instrumental in driving Hiscox UK’s profitable growth. You will underwrite large, complex cases, generating considerable Gross Written Premium (GWP), and upholding the same high standards of risk management Hiscox is known for. Key responsibilities include: Expertly securing new and existing high-value risks, providing top-tier underwriting for complex exposures in familiar risk categories. Concentrating on high-value policies in the mid-market sector, with a focus on maximizing GWP from significant risks in the UK. Leading by example, influencing other underwriters, and exerting a broader impact within your field of expertise at a national level. What You’ll Be Doing: Significantly contributing to growth through strategic underwriting in the mid-market sector. Acting as a brand ambassador, renowned for your underwriting expertise in Hiscox’s established risk categories. Leading underwriting and sales visits to key clients and prospects. Possessing deep knowledge of your area of specialization, including understanding sector trends and competitive dynamics. Imparting expertise through coaching and training, enhancing our mid-market capabilities. Building and maintaining strategic broker relationships, ensuring a robust market presence in the mid-market sector. Influencing underwriting and pricing strategies, aligning with Hiscox’s expansion goals. Our Must-Haves An excellent understanding of UK retail business and underwriting larger more complex risks In-depth expertise in your specialized field Excellent knowledge of the insurance market, industry, competitors, Brokers and factors that can affect the market including soft/hard markets Ideally ACII qualified or exempt through relevant experience as defined by the FCA Excellent relationship management and sales skills Ability to lead by example in all professional activities. Leads underwriting and sales visits to larger clients and prospects Coaches and mentors less experienced underwriters in underwriting and sales skills Diversity and flexible working at Hiscox AtHiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role. #LI-AY1 #LI-Hybrid Work with amazing people and be part of a unique culture #J-18808-Ljbffr

Mid-Market Underwriter employer: Hiscox

Hiscox UK is an exceptional employer, renowned for its commitment to diversity and inclusion, fostering a unique culture that empowers employees to excel in their roles. With a focus on professional growth, the company offers flexible working arrangements and opportunities for mentorship, ensuring that every team member can thrive while contributing to the success of the mid-market sector. Join us to work alongside talented professionals in a dynamic environment where your expertise in underwriting will be valued and rewarded.
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Contact Detail:

Hiscox Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Mid-Market Underwriter

✨Tip Number 1

Familiarise yourself with the latest trends in the mid-market insurance sector. Understanding the specific challenges and opportunities within this niche will help you demonstrate your expertise during interviews and discussions.

✨Tip Number 2

Network with professionals in the insurance industry, particularly those who specialise in underwriting. Attend industry events or join relevant online forums to build connections that could provide insights or referrals for the Mid-Market Underwriter role.

✨Tip Number 3

Prepare to discuss your experience with complex risk assessments and how you've successfully managed high-value policies in the past. Be ready to share specific examples that highlight your skills and achievements in underwriting.

✨Tip Number 4

Research Hiscox's company culture and values thoroughly. Being able to articulate how your personal values align with theirs can set you apart as a candidate who not only fits the role but also the organisation.

We think you need these skills to ace Mid-Market Underwriter

Expertise in Underwriting
Knowledge of Professional Indemnity, Cyber, Property, and Casualty Lines
Understanding of UK Retail Business
Ability to Underwrite Complex Risks
Relationship Management Skills
Sales Skills
Coaching and Mentoring Skills
Market Analysis
Strategic Thinking
ACII Qualification or Relevant Experience
Influencing and Negotiation Skills
Knowledge of Insurance Market Dynamics
Adaptability to Market Changes
Leadership Skills

Some tips for your application 🫡

Understand the Role: Read the job description thoroughly to grasp the key responsibilities and requirements for the Mid-Market Underwriter position at Hiscox. Tailor your application to highlight how your skills and experiences align with their needs.

Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in underwriting complex risks and your understanding of the UK retail business. Use specific examples that demonstrate your expertise in the insurance market and your ability to manage high-value policies.

Showcase Relationship Management Skills: Since building strategic broker relationships is crucial for this role, include instances where you've successfully managed client relationships or influenced underwriting strategies. This will show your capability to thrive in a collaborative environment.

Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also conveys your passion for the insurance industry and your desire to contribute to Hiscox's growth. Make sure to express your understanding of their brand and how you can be an ambassador for their values.

How to prepare for a job interview at Hiscox

✨Showcase Your Underwriting Expertise

Make sure to highlight your experience with complex risks and your understanding of the UK retail business. Be prepared to discuss specific cases where you've successfully underwritten high-value policies.

✨Demonstrate Relationship Management Skills

Since building and maintaining strategic broker relationships is key, come ready with examples of how you've effectively managed client relationships in the past. This will show your ability to influence and lead in a professional setting.

✨Understand Market Trends

Familiarise yourself with current trends in the insurance market, especially in the mid-market sector. Being able to discuss these trends and their implications during the interview will demonstrate your proactive approach and industry knowledge.

✨Prepare for Scenario-Based Questions

Expect questions that assess your problem-solving skills in underwriting scenarios. Practice articulating your thought process and decision-making strategies when faced with complex underwriting challenges.

Mid-Market Underwriter
Hiscox
Location: Birmingham
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  • Mid-Market Underwriter

    Birmingham
    Full-Time
    43200 - 72000 £ / year (est.)
  • H

    Hiscox

    1000+
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