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- Tasks: Join a dynamic team to develop and maintain broker relationships in the Cyber insurance market.
- Company: A rapidly growing insurance company focused on innovative Cyber solutions with a strong market presence.
- Benefits: Enjoy remote work flexibility, competitive salary, 25% quarterly bonus, and comprehensive benefits.
- Why this job: Be part of a high-profile project with visible impact and limitless progression opportunities.
- Qualifications: Experience in Cyber underwriting or related insurance fields with a passion for building broker relationships.
- Other info: Home-based role with occasional in-person engagements; perfect for ambitious individuals ready to make a mark.
The predicted salary is between 43200 - 72000 £ per year.
Job Description
This is arguably the most exciting insurance company in the market right now.
Currently enjoying 20% year on year growth, and with plans to double in size over the next 5 years, this organisation is investing heavily in the growth of its broker distribution arm.
“Nationally, and internationally, this is an all-eyes-on project. The launch of our Cyber Division is the highest profile development in this business at present – these are crucial positions andyour successes will be visible to the Board on both sides of the Atlantic”, so says the Director of this specialist insurer.
The UK SME Cyber market presents a compelling proposition for any dynamic insurer that is able to react quickly to changes in this this fast-paced niche. The SME Cyber market currently delivers circa £300M in gross written premiums across the UK, and is anticipated to grow 15% annually over each of the next five years. As such, the creation of a standalone UK SME proposition resents a significant profitable growth initiative for this insurer’s UK Broker Chanel Unit (already its largest and fastest growing Division).
This new operating model comprises a dedicated Cyber team (comprising some of the most gifted Underwriters in the niche), and is supported by a scalable digital trading capability.
Aston Charles is delighted to have been retained to assist in the appointment of a number of Development Underwriters. These are home-based roles, and you can reside anywhere in the UK – although you will have to regularly engage with an allocated panel of brokers in person, and occasionally visit a local office. We welcome applications from experienced Cyber Development Underwriters, as well as Cyber Underwriters seeking a more broker-facing position, and DU’s from related insurance disciplines who can demonstrate a passion for Cyber.
Here, you will support the development plan for a specific panel of brokers, working in close conjunction with the Head of Trading, Head of Cyber and Broker Development Director to achieve the strategic aims and income goals outlined in the Cyber financial plan.
You will be responsible for developing and maintaining strong broker relationships, and provide excellent service to all stakeholders.
You will also be personally responsible for writing (often complex) Cyber business, in-line with your authority level, and within the businesses appetite for risk.
You must have a strong track record of building broker relationships and developing a pipeline of business. You’ll also demonstrate an enthusiasm for engaging with brokers, together with an ability to get them to understand the benefits of this exciting new product.
As one would expect from joining this Division, pre-launch, in such a high-profile position, it really does mean that the sky is the limit in terms of progression.
You will benefit from a highly competitive basic salary, plus 25% bonus (paid quarterly) and a comprehensive range of benefits.
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Development Underwriter (Cyber) employer: Aston Charles Ltd
Contact Detail:
Aston Charles Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Development Underwriter (Cyber)
✨Tip Number 1
Familiarise yourself with the latest trends in the Cyber insurance market. Understanding the nuances of this fast-paced niche will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals already working in Cyber insurance or related fields. Engaging with industry experts can provide valuable insights and potentially lead to referrals, which can significantly boost your chances of landing the job.
✨Tip Number 3
Prepare to discuss your experience in building broker relationships. Be ready to share specific examples of how you've successfully developed partnerships and generated business, as this is a key aspect of the Development Underwriter role.
✨Tip Number 4
Showcase your enthusiasm for engaging with brokers during any discussions. Highlighting your passion for the Cyber product and your ability to communicate its benefits effectively will set you apart from other candidates.
We think you need these skills to ace Development Underwriter (Cyber)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in cyber insurance and broker relationship management. Use specific examples that demonstrate your success in these areas, as this role requires a strong track record.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Cyber Division and the opportunity to contribute to its growth. Mention your understanding of the SME Cyber market and how your skills align with the company's strategic aims.
Showcase Your Relationship-Building Skills: Emphasise your ability to develop and maintain strong broker relationships. Provide examples of how you've successfully engaged with brokers in the past and the impact it had on business growth.
Highlight Your Passion for Cyber Insurance: Demonstrate your passion for the cyber insurance niche by discussing any relevant projects, certifications, or continuous learning efforts. This will show your commitment to staying updated in this fast-paced industry.
How to prepare for a job interview at Aston Charles Ltd
✨Understand the Cyber Insurance Landscape
Familiarise yourself with the current trends and challenges in the cyber insurance market. Be prepared to discuss how you can contribute to the growth of the Cyber Division and demonstrate your knowledge of the SME Cyber market.
✨Showcase Your Relationship-Building Skills
Since this role involves developing strong broker relationships, be ready to share examples of how you've successfully built and maintained professional relationships in the past. Highlight your communication skills and ability to engage effectively with brokers.
✨Prepare for Technical Questions
Expect questions about underwriting processes and risk assessment specific to cyber insurance. Brush up on your technical knowledge and be ready to discuss complex cyber business scenarios that you have handled previously.
✨Express Your Passion for Cyber Insurance
Convey your enthusiasm for the cyber insurance sector during the interview. Share any relevant experiences or projects that showcase your commitment to this niche, as well as your eagerness to contribute to the company's ambitious growth plans.
