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- Tasks: Manage insurance placements for exciting event-driven risks in a dynamic market.
- Company: Specialist contingency insurance broker with a strong London presence.
- Benefits: Competitive salary, private healthcare, pension, and professional development support.
- Other info: Opportunity for career growth and support for professional qualifications.
- Why this job: Join a vibrant team and make an impact in the fast-paced insurance industry.
- Qualifications: Strong understanding of insurance principles and excellent communication skills required.
The predicted salary is between 40000 - 50000 £ per year.
A specialist contingency insurance broker based in the City of London, with a strong presence in the event-driven risks market. The business operates across UK and international markets, placing cover for a range of event-driven risks through the Lloyds market.
Job Purpose: Act as intermediary between internal business producers and Lloyd's and Company insurance markets, specialising in Contingency Insurance for event-driven risks, managing the insurance placement process from initial quote requests through to policy completion and ongoing servicing of international broking operations.
Key Responsibilities:
- Receive and evaluate incoming insurance enquiries, conducting risk research and analysis.
- Prepare quote slips incorporating risk details and coverage requirements, coordinating with placing brokers.
- Receive terms from placing brokers and distribute quotations to clients/retail brokers.
- Create MRC (Market Reform Contract) slips post-bind and load into PPL (Placing Platform Limited).
- Liaise with underwriters to obtain stamps and approvals on documentation.
- Coordinate with processing team for accurate system loading and transaction records.
- Handle policy endorsements and provide ongoing client and broker support.
- Maintain comprehensive client and policy records.
- Assist with claims processes where required.
Required skills:
- Strong understanding of insurance principles and market practices.
- Comprehensive knowledge of Contingency Insurance products and London Market procedures.
- Excellent communication skills and attention to detail.
- Ability to manage multiple priorities and work under pressure.
- Proficient in Microsoft Office and insurance software systems (including PPL).
- Professional insurance qualifications (CII/ACII).
Performance Expectations:
- Deliver timely service and manage multiple client priorities effectively.
- Demonstrate a high level of accuracy and attention to detail in all documentation and policy administration.
- Demonstrate clear written and verbal communication in all internal, client and market interactions.
- Ensure compliance with FCA regulations, company policies, and Lloyd's market practices.
- Maintain professional relationships with internal broking teams, business producers and insurers.
- Maintain current knowledge of Contingency Insurance products and London Market procedures.
- Support business operations and process improvement initiatives.
- Undertake additional duties as reasonably required.
Position Details:
Location: 3 days a week in the City of London.
Professional Development: Support for CII qualifications is provided.
Benefits: Private Healthcare, Death in Service & Pension.
Account Handler - Contingency Insurance in City of London employer: Asset Resourcing
Contact Detail:
Asset Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Account Handler - Contingency Insurance in City of London
✨Network Like a Pro
Get out there and connect with people in the insurance industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your understanding of contingency insurance and your experience with the London Market. We want to see you shine, so prepare some examples of how you've tackled challenges in previous roles!
✨Follow Up
After any interview or networking event, drop a quick thank-you email to express your appreciation. It shows professionalism and keeps you fresh in their minds. We believe a little gratitude goes a long way in making a lasting impression!
✨Apply Through Our Website
Don’t forget to check out our website for the latest job openings! Applying directly through us not only makes it easier for you but also helps us keep track of your application. We’re excited to see your application come through!
We think you need these skills to ace Account Handler - Contingency Insurance in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Account Handler role. Highlight your experience with contingency insurance and any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about contingency insurance and how you can contribute to our team. Keep it concise but engaging – we love a good story!
Show Off Your Attention to Detail: In this role, attention to detail is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to double-check their work – it shows professionalism!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen to join our team!
How to prepare for a job interview at Asset Resourcing
✨Know Your Contingency Insurance Inside Out
Make sure you brush up on your knowledge of contingency insurance products and the London Market procedures. Being able to discuss specific examples of how you've handled event-driven risks in the past will show that you're not just familiar with the theory, but also have practical experience.
✨Master the Art of Communication
Since this role involves liaising with various stakeholders, practice clear and concise communication. Prepare to articulate your thoughts on how you would handle client inquiries and manage relationships with underwriters and brokers. Role-playing potential scenarios can help you feel more confident.
✨Showcase Your Attention to Detail
In this job, accuracy is key. Bring examples of how you've maintained comprehensive records or managed documentation in previous roles. You might even want to prepare a mock quote slip to demonstrate your understanding of the process and attention to detail during the interview.
✨Prepare for Pressure Situations
This role requires managing multiple priorities under pressure. Think of times when you've successfully juggled tasks or met tight deadlines. Be ready to share these experiences and explain your strategies for staying organised and focused when things get hectic.