At a Glance
- 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 insurance company with ambitious plans to double in size over five years.
- Benefits: Enjoy a competitive salary, 25% quarterly bonus, and flexible home-based work options.
- Why this job: This is a high-profile role with visible impact, perfect for those passionate about Cyber insurance.
- Qualifications: Experience in Cyber underwriting or related fields, with a knack for building strong broker relationships.
- Other info: Work from anywhere in the UK while engaging with brokers and contributing to a cutting-edge Cyber Division.
The predicted salary is between 43200 - 72000 £ per year.
Job Type: Permanent Sector: General Insurance Specialism: Underwriting Location: London & South Town/City: Norwich Salary range: Other Salary Description: Attractive salary (Neg) plus market-leading bonus Posted: 01-Aug-25 Start Date: ASAP Recruiter: Aston Charles Job Ref: RJ-3161 Job Views: 4
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 and your 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
Contact Detail:
Aston Charles 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 rapidly evolving sector will not only help you in interviews but also demonstrate your genuine interest and expertise to potential employers.
✨Tip Number 2
Network with professionals in the Cyber insurance field. Attend industry events, webinars, or join relevant online forums. Building relationships with current underwriters and brokers can provide valuable insights and potentially lead to job referrals.
✨Tip Number 3
Prepare to discuss your experience in building broker relationships. Be ready to share specific examples of how you've successfully engaged with brokers in the past, as this is a key aspect of the Development Underwriter role.
✨Tip Number 4
Research the company’s growth plans and their Cyber Division specifically. Being able to articulate how your skills align with their strategic goals will set you apart from other candidates and show that you're invested in their future.
We think you need these skills to ace Development Underwriter (Cyber)
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 underwriting, particularly in Cyber or related fields. Emphasise your track record of developing broker relationships and any achievements that demonstrate your ability to drive business growth.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for Cyber insurance and your understanding of the market. Mention how your skills align with the company's goals and how you can contribute to their ambitious growth plans.
Highlight Your Achievements: In both your CV and cover letter, include specific examples of past successes in underwriting or broker engagement. Use metrics where possible to quantify your impact, such as percentage growth in business or successful projects you've led.
How to prepare for a job interview at Aston Charles
✨Understand the Cyber Insurance Landscape
Before your interview, make sure you have a solid grasp of the current trends and challenges in the cyber insurance market. Familiarise yourself with key statistics, such as the projected growth rates and the importance of the SME sector. This knowledge will demonstrate your genuine interest and expertise in the field.
✨Showcase Your Relationship-Building Skills
Since the role involves developing strong broker relationships, be prepared to discuss your past experiences in building and maintaining professional connections. Share specific examples of how you've successfully engaged with brokers or clients, highlighting your communication skills and ability to foster trust.
✨Prepare for Technical Questions
Expect to face questions about underwriting processes, risk assessment, and the specifics of cyber insurance products. Brush up on your technical knowledge and be ready to explain complex concepts in a way that shows your understanding and ability to communicate effectively with brokers.
✨Demonstrate Your Passion for Cyber Insurance
During the interview, convey your enthusiasm for the cyber insurance niche. Discuss any relevant projects, certifications, or personal interests that showcase your commitment to this area. Employers are looking for candidates who are not just qualified but also genuinely excited about contributing to the growth of their cyber division.