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- Tasks: Join a dynamic team as a Development Underwriter, focusing on building broker relationships and writing Cyber business.
- Company: Be part of a rapidly growing, prestigious insurer launching an exciting Cyber Division.
- Benefits: Enjoy a competitive salary, 25% quarterly bonus, and comprehensive benefits while working from home.
- Why this job: This role offers visibility to the Board and significant growth opportunities in a fast-paced market.
- Qualifications: Experience in Cyber underwriting or related insurance fields with a passion for broker engagement is essential.
- Other info: Home-based position with occasional in-person broker meetings; ideal for ambitious candidates.
Development Underwriter (Cyber)
Highly Prestigious Insurer
Attractive salary (Neg) plus market-leading bonus
RJ-3161
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.
Aston Charles – a personalised service from industry experts
General Insurance and Financial Services Recruitment
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Underwriter employer: Aston Charles Ltd
Contact Detail:
Aston Charles Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in the Cyber insurance market. Understanding the nuances of this niche will not only help you during interviews but also demonstrate your genuine interest in the role and the company.
✨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 into what makes a successful Development Underwriter in this space.
✨Tip Number 3
Prepare to discuss specific examples of how you've built and maintained broker relationships in the past. Highlighting your experience in developing a pipeline of business will be crucial, as this is a key responsibility for the role.
✨Tip Number 4
Showcase your enthusiasm for engaging with brokers by preparing questions that reflect your understanding of their needs and how the new Cyber product can benefit them. This proactive approach will set you apart from other candidates.
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Development Underwriter in the Cyber sector. Familiarise yourself with the specific skills and experiences required, such as building broker relationships and writing complex Cyber business.
Tailor Your CV: Customise your CV to highlight relevant experience in Cyber underwriting or related insurance disciplines. Emphasise your track record in developing broker relationships and any achievements that demonstrate your ability to meet strategic aims and income goals.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the Cyber market and your understanding of its dynamics. Mention how your skills align with the company's growth plans and your eagerness to contribute to their new Cyber Division.
Highlight Your Passion: In your application, make sure to express your passion for Cyber insurance. Discuss any relevant projects or experiences that illustrate your commitment to this niche and your ability to engage effectively with brokers.
How to prepare for a job interview at Aston Charles Ltd
✨Understand the Cyber Market
Make sure you have a solid grasp of the current trends and challenges in the SME Cyber market. Research recent developments, growth statistics, and key players in the industry to demonstrate your knowledge during the interview.
✨Showcase Your Relationship-Building Skills
Since this role heavily involves maintaining strong broker relationships, be prepared to discuss your past experiences in building and nurturing these connections. Share specific examples of how you've successfully engaged with brokers and the impact it had on your previous roles.
✨Demonstrate Your Passion for Cyber Insurance
Express your enthusiasm for the Cyber sector and why you want to be part of this exciting new division. Highlight any relevant experience or projects that showcase your commitment to understanding and promoting Cyber products.
✨Prepare for Complex Scenarios
As you'll be writing complex Cyber business, be ready to tackle hypothetical scenarios during the interview. Think through how you would assess risks and make decisions in line with the company's appetite for risk, showcasing your analytical skills.
