Development Underwriter (Cyber)
Development Underwriter (Cyber)

Development Underwriter (Cyber)

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

  • 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 endless growth opportunities in a fast-paced environment.
  • 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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General Insurance and Financial Services Recruitment

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Development Underwriter (Cyber) employer: Aston Charles Ltd

This dynamic insurance company is an exceptional employer, offering a unique opportunity to be part of a high-profile Cyber Division poised for significant growth. With a strong focus on employee development, competitive salaries, and a generous bonus structure, the company fosters a collaborative work culture that values innovation and personal achievement. As a home-based role with flexibility across the UK, employees can enjoy a work-life balance while contributing to a rapidly expanding market.
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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 and developments in the Cyber insurance market. Understanding the nuances of this niche will not only help you in conversations with brokers but also demonstrate your genuine interest in the role.

✨Tip Number 2

Network with professionals already working in Cyber insurance or related fields. Attend industry events or webinars to connect with potential colleagues and gain insights that could set you apart during interviews.

✨Tip Number 3

Prepare to discuss specific examples of how you've successfully built broker relationships in the past. Highlighting your experience in developing a pipeline of business will be crucial in showcasing your fit for this role.

✨Tip Number 4

Stay updated on the company's growth plans and strategic goals, especially regarding their Cyber Division. Being able to articulate how you can contribute to these objectives will make a strong impression during your discussions.

We think you need these skills to ace Development Underwriter (Cyber)

Cyber Insurance Knowledge
Broker Relationship Management
Business Development Skills
Risk Assessment
Negotiation Skills
Communication Skills
Analytical Skills
Sales Acumen
Market Research
Problem-Solving Skills
Attention to Detail
Adaptability
Team Collaboration
Customer Service Orientation

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 developing business and maintaining strong broker relationships.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the cyber insurance market. Mention your understanding of the SME Cyber market and how your skills align with the company's growth plans. Be sure to express your enthusiasm for the role and the opportunity to contribute to the new Cyber Division.

Highlight Relevant Skills: In your application, emphasise skills such as relationship building, strategic thinking, and your ability to write complex cyber business. These are crucial for the Development Underwriter role and should be clearly articulated.

Showcase Your Achievements: Include quantifiable achievements in your application, such as successful projects or growth metrics from previous roles. This will help demonstrate your capability to contribute to the company's ambitious growth targets.

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 partnerships in the past. Highlight your communication skills and ability to engage effectively with brokers.

✨Prepare for Complex Scenarios

As a Development Underwriter, you'll be dealing with complex cyber business. Prepare for scenario-based questions that test your analytical skills and decision-making abilities. Think about how you would assess risks and write policies in line with the company's appetite.

✨Express Your Passion for Cyber Insurance

Demonstrate your enthusiasm for the cyber insurance sector during the interview. Share any relevant experiences or projects that showcase your commitment to this niche, and explain why you're excited about the opportunity to work in a high-profile position within a growing division.

Development Underwriter (Cyber)
Aston Charles Ltd

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